Penn Microfinance
September GBM
September 15th/16th, 2014
Agenda
About Penn Microfinance
Upcoming Events
Project Teams
•Brazil
•Philippines
•Bangladesh
•Rwanda
Think Tank Team
Conference Team
Getting Involved
Additional Opportunities: Compass Capital
About Penn Microfinance
The 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 Microfinance
Penn 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
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Application/Interview Process
Microfinance 101 Workshop on September 30, 6 PM – 7 PM
Club Member Game Nights
Microfinance Movie Nights
Social Events
Spring 2015
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Penn Microfinance Conference (March)
Social Events
Summer Trips
Any of your suggestions!
Project Teams
Brazil| Philippines| Bangladesh| Rwanda
Who We Are| Where We Go| What We Do
PROJECT TEAM: BRAZIL
Team Leaders
Kevin Emancipator
Karishma Tank
8
Fortaleza, Brazil
• Located in NE Brazil
• 5th largest city in the country
with 2.5+ million residents
• One of the hosts of the 2014
FIFA World Cup
9
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
kevine@wharton.upenn.edu
Trip to Fortaleza
Who We Are| Where We Go| What We Do
PHILIPPINES
16
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
• Design Analysis on
Housing Finance
Products
• Best Practices on
Housing Finance
• Training on Change
Management
https://www.youtube.com/watch?v=LsVVRsFCh2g
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
Who We Are| Where We Go| What We Do
BANGLADESH
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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 sophomorefriendly
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 learn about
various financial
products related
to microfinance
Opportunities to
consult in new
product
development
Who We Are| Where We Go| What We Do
RWANDA
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Rwanda Team
OUR CLIENT
Atikus Insurance is a for-profit, socially focused enterprise
MISSION
To unlock the potential of the underserved in East Africa,
with Rwanda as the pilot market
PRODUCT
Credit insurance product with three distinct advantages
1) MORE LOANS 2) BETTER
3) WIDER REACH
UNDERWRITING
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 Fedus
Director
Asad Hussain
Co-Director
• 2013 Assistant
Director
• Think Tank
Analyst and
Brazil Project
Team Member
• Textbook
Primer on
Haitian
Microcredit
and Finance
Director
• Textbook
Primer on
Brazilian
Microcredit
Arjun Bhaskar
Chair
Daniel Nyakora
Chair
• Co-founder
and 2013
Director
• Co-founder
and 2013 CoDirector
• Independent
Field Study on
South Indian
Microfinance
• Independent
Field Study on
Kenyan
Microfinance
Comprehensive Skills Training
Training
• Microfinance 101
• Research 101
• Business analysis frameworks
– Investment analysis
– Debt lender evaluation
– Competitor and market
analysis
• Guest speakers
• Current affairs
Industry Research
• Create focus groups to conduct
industry primers by sector &
subject area
• Past deliverables include:
– U.S. Microcredit
– Brazilian Technology
– Kenyan Agriculture
– Haitian Microcredit
Potential Project Pipeline
Social Impact Bond Pitch
Competition
Building Bridges to Wealth
•
Independent field research study on the
Philadelphia micro-investing and
entrepreneurship market under Dr. Keith
Weigelt
•
Mid-spring competition targeting
freshman and sophomores to pitch social
impact bonds for Kenya’s Equity Bank to
distribute
•
Gain experience with sampling,
experimental design, and data analysis
under mentorship of prominent
microfinance professor
•
Think Tank will generate its own
independent solution in Fall, while
crowdsourcing ideas from the rest of
Penn in Spring
Project Timetable
Week
0
3
6
9
12
15
18
21
24
Training &
Textbook
Independent
Research
Pitch
Competition
Building Bridges
Project
Training & Textbook
Case Competition
Philly Project
Independent Research
(4-6 weeks)
Training & Textbook
• Microfinance 101
• Research 101
• Business Analysis
• Textbook Compilation
• Textbook Publication
(12-16 weeks)
Philly Project
• Determine research problem
• Sample microentrepreneurs
• Analyze quantitative and
qualitative data
• Draw conclusion(s)
• Topics for further research
(6-12 weeks)
Pitch Competition
• Create Think Tank deliverable
for Equity Bank
• Marketing to other clubs and
students
• Logistics and Execution
(14-17 weeks)
Independent Research
• Perform analytical research on
microfinance concepts under
mentorship of professor
• Conclude with end of
semester deliverable
Flat Organizational Structure
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
• Potential for advancing to high
leadership positions, even as a
freshman
• Other available positions:
- Secretary
- Finance Director
- Marketing Director
- Sourcing Director
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
pennmfcthinktank@gmail.com
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:
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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
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 pennmfc@gmail.com 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
42
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
Business Loans
• Loans of up to $1500
• To help borrowers increase credit
scores
• Loans of up to $5000
• For business capital improvements
Business Coaching
Financial Literacy
• Leverage students’ business
acumen to provide financial advice
• Connect our clients to our partner
financial literacy programs
Compass Capital actively seeks out individuals who
would benefit from our products
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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
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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:
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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
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Compass Capital is still very much a start-up
Raising more loan capital is a priority
On top of that also:
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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?
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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
jordangr@wharton.upenn.edu 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