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Penn Microfinance September GBM
September 15th/16th, 2014
About Penn Microfinance
Upcoming Events
Project Teams•Brazil•Philippines •Bangladesh•Rwanda
Think Tank Team
Conference Team
Getting Involved
Additional Opportunities: Compass Capital
Agenda
About Penn MicrofinanceThe first and largest undergraduate microfinance organization• Founded in 2005• Mission:
• To raise awareness about microfinance while providing opportunities for students to get involved in the field
• To offer support to and partner with established international microfinance institutions
• To encourage networking and career development in microfinance for students
• To build a community of people who are passionate about poverty alleviation and social impact
• Project Teams• Brazil, Philippines, Bangladesh, Rwanda• Chance to work with world renowned MFIs• Sustained relationships with clients
• Think Tank Team• Conference Team• Social and educational events throughout the year• http://www.youtube.com/watch?v=yxOzmJPj0IY
After Penn MicrofinancePenn Microfinance alumni have gone on to work in a variety of industries such as finance, consulting, non-profits, start-ups, and more:
Compass Capital
Upcoming Events
Fall 2014
• Application/Interview Process• Microfinance 101 Workshop on September 30, 6 PM –
7 PM• Club Member Game Nights• Microfinance Movie Nights• Social Events Spring 2015
• Penn Microfinance Conference (March)• Social Events• Summer Trips• Any of your suggestions!
Project TeamsBrazil| Philippines| Bangladesh| Rwanda
PROJECT TEAM: BRAZILWho We Are| Where We Go| What We Do
Team Leaders
Kevin Emancipator
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Karishma Tank
Fortaleza, Brazil
• Located in NE Brazil• 5th largest city in the
country with 2.5+ million residents
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• One of the hosts of the 2014 FIFA World Cup
FIFA Fortaleza Video
https://www.youtube.com/watch?v=hIz_3dm3tPM
Banco Palmas
• Community development bank (CDB)– Sparked a movement to
create 51 other banks throughout Brazil
– Social currency• Mission
– Microcredit and financial services for the impoverished and underserved
Banco Palmas in the News
https://www.youtube.com/watch?v=-lOt-0kCyd0
Trip from Last Year
Current Projects
– App Development• Google API solution• Goal – better analyze, visualize data that is collected
– Market Analysis and Consulting• Improve segmentation using data driven decisions to
better serve target customers in Fortaleza
– Website/Media Development• Improve design• Create a virtual tour of Banco Palmas and Palmas Labs• Make a video to share the bank’s history to non-
Fortaleza residents
Team
8-10 members
Article discussions and learning opportunities in addition to projects
Highly recommended: Send resumes to [email protected]
Trip to Fortaleza
PHILIPPINESWho We Are| Where We Go| What We Do
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Philippines: Kasagana-Ka (“KDCI”) 20,000+ Urban Clients, 4 Star Rating on MIX Market
Location: Manila - Philippines
Capital and largest city in the Philippines with a population of 12M
Work Developed & Recognition
Gross Loan Porfolio
USD 2.7 mn
# of Active Borrowers
20,119
Work Developed & Recognition
https://www.youtube.com/watch?v=LsVVRsFCh2g
• Design Analysis on Housing Finance Products
• Best Practices on Housing Finance
• Training on Change Management
The Team
8-10 people
Articles analysis, discussions and presentations
Projects involving creation of credit scoring tool &case studies for change management
Business trip to Manila – Philippines for Summer 2015
BANGLADESHWho We Are| Where We Go| What We Do
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Microfinance in Bangladesh
• Birthplace of Microfinance
• Dr. Muhammad Yunus• Over 500 microcredit
providers & 20 million borrowers
Bangladesh Initiative
BRAC
• The largest NGO in the world
• Headquartered in Dhaka, Bangladesh
• Helped over 135 million people worldwide
Trip
• Travel to Bangladesh• Present to client• See your impact
Our Team
• 10-15 members• Tight-knit
Environment• Freshmen and
sophomore-friendly
Focus on Microfinance Education
• 2 weeks of training within the team
• Weekly current events discussion
• Perform research for the largest NGO’s new initiative
Bangladesh Initiative – Fall 2014
• Youth Employment Through Skills (YES) Project– Research and develop financial
products for adolescents– Conduct market analysis– Aid with product development
• Possible trip to Bangladesh in May 2015 • We are accepting applications for our
team – all members from last year must re-apply
Opportunities to consult
for the largest NGO in the world
Opportunities to consult
in new product
development
Opportunities to learn
about various financial products related to
microfinance
RWANDAWho We Are| Where We Go| What We Do
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Rwanda Team
1) MORE LOANS
2) BETTER UNDERWRITING
3) WIDER REACH
OUR CLIENT
Atikus Insurance is a for-profit, socially focused enterprise
MISSIONTo unlock the potential of the underserved in East Africa, with Rwanda as the pilot market
PRODUCT Credit insurance product with three distinct advantages
Current Projects– Data Analysis
• Create data analysis graphics and reports from raw Rwandan census, demographic and poverty data
• Skill(s): Data science, statistics– Marketing
• Complete branding and style guide• Create infographics and other marketing materials• Skill(s): Graphic design, branding
– Technology• Determine functional requirements and use cases for
current technology platform• Skill(s): Product management
THINK TANK
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Penn Microfinance Think Tank
• New research initiative
• Focus on thought leadership and the utilization of business analysis to solve social problems
• Educate club members, the university, and society regarding the principles and applications of microfinance
Leadership Team
Jeremy FedusDirector
Arjun BhaskarChair
Daniel NyakoraChair
Asad Hussain
Co-Director• Co-founder
and 2013 Director
• Independent Field Study on South Indian Microfinance
• Co-founder and 2013 Co-Director
• Independent Field Study on Kenyan Microfinance
• 2013 Assistant Director
• Textbook Primer on Haitian Microcredit and Finance Director
• Think Tank Analyst and Brazil Project Team Member
• Textbook Primer on Brazilian Microcredit
Comprehensive Skills Training
• Create focus groups to conduct industry primers by sector & subject area
• Past deliverables include:– U.S. Microcredit– Brazilian Technology– Kenyan Agriculture– Haitian Microcredit
• Microfinance 101• Research 101• Business analysis
frameworks– Investment analysis– Debt lender
evaluation– Competitor and
market analysis• Guest speakers• Current affairs
Training Industry Research
Potential Project Pipeline
• Mid-spring competition targeting freshman and sophomores to pitch social impact bonds for Kenya’s Equity Bank to distribute
• Think Tank will generate its own independent solution in Fall, while crowdsourcing ideas from the rest of Penn in Spring
Social Impact Bond Pitch
Competition• Independent field research
study on the Philadelphia micro-investing and entrepreneurship market under Dr. Keith Weigelt
• Gain experience with sampling, experimental design, and data analysis under mentorship of prominent microfinance professor
Building Bridges to Wealth
Project Timetable
Training & Textbook
(4-6 weeks)
•Microfinance 101•Research 101•Business Analysis•Textbook Compilation•Textbook Publication
Philly Project
(12-16 weeks)
•Determine research problem•Sample microentrepreneurs•Analyze quantitative and qualitative data•Draw conclusion(s)•Topics for further research
Pitch Competition
(6-12 weeks)
•Create Think Tank deliverable for Equity Bank•Marketing to other clubs and students•Logistics and Execution
Independent Research
0 243 6 9 12 15 18 21
Training & Textbook
Independent Research
Pitch Competition
Building Bridges Project
Training & TextbookCase Competition
Philly ProjectIndependent Research
Week
•Perform analytical research on microfinance concepts under mentorship of professor•Conclude with end of semester deliverable
(14-17 weeks)
Flat Organizational Structure
• Potential for advancing to high leadership positions, even as a freshman
• Other available positions:- Secretary- Finance Director- Marketing Director- Sourcing Director
Think Tank Directors
Assistant Director of Building Bridges Project
Assistant Director of
Independent Research
Assistant Director of
Pitch Competition
Analyst Team
Analyst Team
Analyst Team
Application Process
• Why Think Tank?– Pre-professional skills & comprehensive training– Hands-on leadership experience
• Recruiting 6-8 new Analysts for 12-member team
• Fill out club application & email resume to [email protected]
CONFERENCE
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Penn Microfinance Conference
• First and largest undergraduate microfinance conference in the United States
• Currently in its 9th year• Forum for students, academics and
professionals to engage in conversation on current issues in microfinance
• Past Speakers:– David Roodman, Senior Fellow, Center for Global
Development– Alex Counts, President & CEO Grameen Foundation– William Abrams, President, Trickle Up– Gina Harman, Former CEO, ACCION USA– Matt Flannery, Former CEO and Current Chairman,
Kiva
Past Conferences
The Team
• 8 team members• Learn about microfinance
– Research current themes in the industry– Develop ideas for conference theme– Research panel ideas
• Gain hands-on experience planning a conference– Logistics– Speaker Outreach– Marketing
Next Steps
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Join Penn Microfinance
• Applications due by Monday, September 22 at 11:59 PM• Link can be found in our emails and on our
website • http://tinyurl.com/PennMFC-Fall-App• Option to also help out with general club
event planning (see application)• Email [email protected] with any
questions or inquiries• Interviews will take place from Friday,
September 26th – Sunday September 28th
• All team decisions determined by Monday, September 29
• Microfinance 101 on Tuesday, September 30th with your teams
Additional Microfinance Opportunities
Compass Capital
Recruitment for Fall 2014
Compass Capital
• Compass Capital is the first and only student-run microfinance institution (MFI) that empowers Philadelphia entrepreneurs
• We foster innovation and sustainability to revitalize Philadelphia’s microfinance market
• Founded in Jan 2013 and formerly known as Bridging Communities Fund
• Successfully raised seed capital in 2013 and will begin pilot program for microloans in late 2014
• Led by current and former Penn Microfinance board members
Microbusinesses are the backbone of Philadelphia’s economy, but are largely
underserved
88,256
70,778
Compass Capital offers loan products and coaching services to help local micro-
entrepreneurs
Credit Building Loans• Loans of up to $1500• To help borrowers increase
credit scores
Business Loans• Loans of up to $5000• For business capital
improvements
Business Coaching• Leverage students’ business
acumen to provide financial advice
Financial Literacy• Connect our clients to our
partner financial literacy programs
Compass Capital actively seeks out individuals who would benefit from our
products• Importance of credit and availability of
resources is not well known in the Philadelphia community
• Compass Capital has made connections with groups full of potential candidates• Financial literacy courses• Small business development courses
• Still looking for a larger candidate pool for loans
• Explaining the benefits of a credit building loan is a complex process
Once loan applications are received, we review them as a team to disburse loan
funds• A variety of factors are used to determine loan
disbursement, including:• Past history• Level of disposable income• Back taxes or currently unpaid bills• Housing situation• Availability of collateral
• Goal is to find a ‘sweet spot’ where the loan assists the applicant but the applicant is still credit-worthy
Concurrently with these processes we are still looking for opportunities to grow
• Compass Capital is still very much a start-up• Raising more loan capital is a priority• On top of that also:
• Continuing to develop our internal loan management and disbursement systems
• Working with various government agencies to obtain different certifications and recognitions
• Building partnerships with other organizations throughout Philadelphia
Interested in joining?
• We are currently recruiting 2-3 freshmen/sophomores for our Associate program
• Microfinance experience is recommended, though not required
• Email your resume to Graham Jordan at [email protected] as soon as possible• Applications accepted on a rolling basis so
earlier is better and increases the chances of being interviewed
• Successful candidates can start as early as Friday, September 26th
