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Managing Risk and Creating Value with MicrofinancexvSantiago Saavedra is executive vice president of the Red Transaccional Cooperativa in Ecuador and is a financespecialist for the World Council of Credit Unions. His work includes technical assistance in <strong>risk</strong> managementfor Women’s World Banking, Swisscontact, and several cooperatives. Mr. Saavedra contributed to the <strong>risk</strong>management session.Richard Shumann is a housing credit specialist with the Cooperative Housing Foundation in Silver Spring,Maryland. Before assuming that position, he was the director of marketing and new product development forACCIÓN International. Mr. Shumann contributed to the housing microfinance session.Hannah Siedek is <strong>managing</strong> director at ProCredit Bank Congo. At the time of the presentation, she waswith Consultative Group to Assist the Poor’s Technology Program, where she supported technology-enableddelivery channels for financial services. Ms. Siedek contributed to the technology session.Narda Lizette Sotomayor Valenzuela is the department chief for microfinance institutional analysis at theSuperintendency of Banks, Insurance, and Pension Funds of Peru. She is also a professor in the Departmentof Economics of the Pontificia Universidad Católica del Perú. Ms. Sotomayor contributed to the interest ratessession.Glenn Westley was a senior adviser for microenterprise with Inter-American Development Bank (IDB). Afternearly 31 years at IDB, he became a senior adviser with the Consultative Group to Assist the Poor. Mr. Westleycontributed to the microleasing session.

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