For those of you interested in micro-finance, you may want to attend a panel discussion next week at JP Morgan that will feature one of the most prominent leaders in the field discussing the applications of this particular business innovation in the US. (A small but growing trend in business innovations for development is that good ideas developed in emerging markets are being taken to developed markets). If you are planning on attending, please let David know directly. The head of JPM's social sector finance unit has agreed to put our class members onto a special invite list but I will need to let her know by Monday who will be coming.
See below for details:
Banking the unbanked in the US
Domestic Microfinance opportunities and challenges; lessons learned from international experiences
Featuring:
María Otero, ACCION International, President & CEO
Gina Harman, ACCION New York and ACCION USA, President & CEO
Hosted by Nick O'Donohoe, Global Head of Research and a member of the firm's Executive Committee.
Wednesday, September 17th
6 p.m. Reception (Reception will continue after speakers)
6:30 p.m. Speakers
J.P. Morgan
270 Park Ave (and 47th St.)
3rd Fl Auditorium
As microfinance continues to attract attention internationally, millions of Americans remain
unbanked in this country. Please join us to hear María Otero, President & CEO of ACCION
International, and Gina Harman, President & CEO of ACCION New York and ACCION USA,
discuss the current microfinance market in the United States and internationally. Topics will
include why it is difficult for MFIs to be financially sustainable in the US; the increasing trend of
internationally focused MFIs expanding into the US market; the landscape of international
players and how it is changing; and the impact of the global credit crunch on the growth of
microfinance internationally.
--Prof. Bugg-Levine
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