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Chris Oestereich

on 10 April 2010

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Transcript of Microfinance

Microfinance Muhammad Yunus 2006 - Nobel Peace Prize Winner 1976 - Initiated 1st Microloan The Bottom
of the Pyramid Social
Entrepreneurship Skoll Foundation Gates Foundation Grameen Danone Ashoka A social entrepreneur is someone who recognizes a social problem and uses entrepreneurial principles to organize, create, and manage a venture to make social change. Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services. 1983 - Piloted Grameen Bank Kiva's mission is to connect people, through lending, for the sake of alleviating poverty.

Kiva empowers individuals to lend to an entrepreneur across the globe. By combining microfinance with the internet, Kiva is creating a global community of people connected through lending. To date: Nearly $9,000,000,000 in loans 96.55% Recovery Rate Paul Collier The Conflict Trap

Natural Resource Trap

Bad Neighbours

Bad Governance in a Small Country 94% of loans made to women Go 2005 - UN declares "International Year of Microcredit" Lendforpeace Microloan
Foundation Microfinance is “such an obvious and important concept, it beggars belief it was not conceived of earlier.” -Bob Geldof United Prosperity Father of Microlending Kiva (Kiva.org)
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