Managing cash in areas of the world devoid of modern banking and financial infrastructure is challenging at best. Important considerations include selecting a banking partner, responding to funding needs in disaster zones when the entire banking system collapses, and using alternative or traditional methods instead of banks to move funds – funds that are critical to hiring and paying local workers and service providers.
In his 2011 Annual Meeting session, Sassan Parandeh, Treasurer of ChildFund, walked us through aspects such as why beneficiaries are “unbanked,” operational realities on the ground, security concerns, and provided a menu of fund transfer options including a traditional mechanism used in some cultures known as Hawala.
In October of 2011 he reprised this informative presentation as a webinar for InsideNGO. You can find that webinar here.