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Cougar Microfinance. What is Microfinance it is a growing industry which supplies small loans to the world’s poor who otherwise would not have access.

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Presentation on theme: "Cougar Microfinance. What is Microfinance it is a growing industry which supplies small loans to the world’s poor who otherwise would not have access."— Presentation transcript:

1 Cougar Microfinance

2 What is Microfinance it is a growing industry which supplies small loans to the world’s poor who otherwise would not have access to capitalit is a growing industry which supplies small loans to the world’s poor who otherwise would not have access to capital broadly defined it is a movement aimed at providing financial services to the poorest individuals (that generates both social benefits as well as profits in the communities which MFIs operate broadly defined it is a movement aimed at providing financial services to the poorest individuals (that generates both social benefits as well as profits in the communities which MFIs operate

3 Microfinance Today Microfinance has been growing rapidly with over $40 billion currently at work. However, it is estimated that the industry needs $250 billion to get capital to all the poor people who need it. Furthermore it is still the case that the majority of people who earn less than $2 a day continue to have no practical access to formal sector Furthermore it is still the case that the majority of people who earn less than $2 a day continue to have no practical access to formal sector finance (or anything resembling such)

4 Our Mission InternalInternal Develop a Emerging Markets Microfinance classDevelop a Emerging Markets Microfinance class Raise awareness on campusRaise awareness on campus Create a fund for lendingCreate a fund for lending Study abroadStudy abroad Become, in essence, a fully functioning MFI!Become, in essence, a fully functioning MFI! ExternalExternal Lend money to micro- borrowers both foreign and domestic Add value to the community by partnering with local MFIs and non-profits Teach basic business and accounting skills Review business plans Work with existing small business

5 Small Business Consulting Cougar Microfinance is currently engaged with two local entrepreneurs to provide consulting services. Carolina Eye Services, LLC Help develop integrated business plan and financial model Industry analysis Pro forma analysis Valuation and exit strategy Help source funding Established Independent Food-stuffs Retailer Pending non-disclosure agreement Valuation and exit strategy Full pro forma DCF/Comp analysis

6 Charleston LDC Objective Partner with Charleston LDC to help local entrepreneurs in securing SBA funding Reviewing Business plans Marketing assistance Financial/Accounting seminars

7 Oportunity InternshipsInternships ResumeResume Class CreditClass Credit Community ServiceCommunity Service ExperienceExperience ExposureExposure Microfinance is the ‘buzzword’ across many different sectors and industries.Microfinance is the ‘buzzword’ across many different sectors and industries. The hands-on experience gained by participation with the club will carry over to opportunities after college:The hands-on experience gained by participation with the club will carry over to opportunities after college: Finance Business Administration Marketing Non-for-Profit

8 Microfinance Clubs Microlending Organizations Accion International Deutsche Bank Microcredit Development Fund E+CO Fonkoze USA Foundation for International Community Assistance (FINCA) Nicaraguan Credit Alternatives Fund (NICA Fund) Oikocredit USA Opportunity International Sarona Global Investment Fund Shared Interest, Inc Sostenica, Sustainable Development Fund of Nicaragua In the United States: Amherst Microfinance Club Amherst College Bentley Microfinance Initiative Bucknell’s Microfinance Initiative Boston College Microfinance Initiative Carlton College Microfinance Club Champan University Campus Kiva Claremont McKenna College's Microfinance Task Force College of William and Mary Columbia University Microfinance Working Group Cornell University’s BR MicroCapital Cornell University's Sovial Enterprise and Microfinance Club (SEAM) Covenant College's Chalmers Center Davidson Microfinance Club Duke University Microfinance Leadership Initiative Eastern University’s Microfinance Conference Emory University Microfinance Club at Emory University Fairfield University’s CMAC Georgetown Microfinance at Georgetown University George Washington University’s Developing Students 4 Sustainability Prgram Hamilton College Microfinance Club at Hamilton College Harvard Project for Sustainable Development Haverford Microfinance Consulting Club at Haverford College Indiana University's Trockman Microfinance Initiative Illinois State University’s Ekkekko Lehigh University Microfinance Club Macalester College - Macalester Development Group Messiah College MicroEconomic Development Group Nortre Dame Microfinance Inititative NYU Microfinance Club Northwestern Universities Social Impact at Kellogg School Of Business Ohio State University’s Rural Microfinance Program Point Loma Nazarene University Microfinance Club Princeton Microfinance Organization at Princeton University Rice University’s Owl Microfinance Club Seattle Pacific University Microfinance Program Southern New Hampshire University’s Microenterprise Development Institute St. Thomas Microfinance Program UCLA - Los Angeles Microfinance Network - UCLA University Of Houston's Microfinance Initiative University of Minnesota- Microfinance Alliance University of Mary Washington - La Ceiba University Of Colorado's Microfinance Club University of North Carolina - The Carolina Microfinance Initiative University of Oregon Microfinance Initiative University of Southern California - Microfinance and Beyond University of Pennsylvania - Penn Microfinance Club University of Texas - Texas Microfinance Group University of Utah Microfinance Club University of Virginia - Seed Microfinance University of Washington Microfinance Initiative Vanderbilt Microfinance Club Washington And Lee University- The General Development Initiative Westminster Entrepreneurship Club Western Washington University - Western Washington Microfinance Club Wright State Student Microfinance Campaign Yale University - Elmseed Enterprise Fund

9 Who we need Finance/Economics/Accounting Help develop budget and programs for the club Create model for lending of club funds Help local entrepreneurs with financial modelingBusiness Develop the operational structure of the club Review business plans with local entrepreneurs Work to create “best practices” for lending of club fundsMarketing/PR Hold events for fund raising and awareness Create and manage the club website and all informational material Monitor the relationship of the club with both the school and the communityFinance/Economics/Accounting Help develop budget and programs for the club Create model for lending of club funds Help local entrepreneurs with financial modelingBusiness Develop the operational structure of the club Review business plans with local entrepreneurs Work to create “best practices” for lending of club fundsMarketing/PR Hold events for fund raising and awareness Create and manage the club website and all informational material Monitor the relationship of the club with both the school and the community

10 MICROFINANCE BRIGADES College of Charleston

11 COMMUNITY OVERVIEW EL ZUZULAR Socio-economics The average family income per month is estimated to be 1600 Lempiras, which is approximately L320 (US $16.94) per person3. The majority of homes are made of adobe. The main form of employment is agriculture on owned land, and the main products that are cultivated in the community are coffee, corn and beans. A community bank is in the process of being formed and trained by FUNDER in conjunction with Global Brigades. CAJA INFO: “Juventud Solidaria” Solidary Youth. Henry Velasquez is the president. 17 members Finished training in November. 2 nd Brigade

12 ITINERARY Day 1: Arrival, FUNDER Presentation Day 2 : Initial Administrative Board Meeting, Cultural Activity Day 3: Community Household Visits Day 4: Community Household Visits Day 5: Nuevo visit/Guest speaker/Final meeting with Admin. Board of Caja Day 6: Community Event and Workshop/ Nightly CIF discussion Day 7: Tourism and Airport Departure

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14 Further Reading Further Reading


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