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Cougar Microfinance

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Page 1: 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

Cougar Microfinance

Page 2: 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

What is Microfinance

• it 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

Page 3: 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

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 finance (or anything resembling such)

Page 4: 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

Our Mission

• Internal• Develop a Emerging

Markets Microfinance class

• Raise awareness on campus

• Create a fund for lending

• Study abroad

• Become, in essence, a fully functioning MFI!

• External• 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

Page 5: 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

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

Page 6: 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

Charleston LDC

•Objective• Partner with Charleston LDC

to help local entrepreneurs in securing SBA funding

• Reviewing Business plans• Marketing assistance• Financial/Accounting

seminars

Page 7: 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

Oportunity

• Internships

• Resume

• Class Credit

• Community Service

• Experience

• Exposure

• 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:• Finance

• Business Administration

• Marketing

• Non-for-Profit

Page 8: 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

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 InitiativeBucknell’s Microfinance Initiative

Boston College Microfinance InitiativeCarlton College Microfinance ClubChampan University Campus Kiva

Claremont McKenna College's Microfinance Task ForceCollege of William and Mary

Columbia University Microfinance Working GroupCornell University’s BR MicroCapital

Cornell University's Sovial Enterprise and Microfinance Club (SEAM)Covenant College's Chalmers Center

Davidson Microfinance ClubDuke University Microfinance Leadership Initiative

Eastern University’s Microfinance ConferenceEmory University Microfinance Club at Emory University

Fairfield University’s CMACGeorgetown Microfinance at Georgetown University

George Washington University’s Developing Students 4 Sustainability PrgramHamilton College Microfinance Club at Hamilton College

Harvard Project for Sustainable DevelopmentHaverford Microfinance Consulting Club at Haverford College

Indiana University's Trockman Microfinance InitiativeIllinois State University’s Ekkekko

Lehigh University Microfinance ClubMacalester College - Macalester Development GroupMessiah College MicroEconomic Development Group

Nortre Dame Microfinance InititativeNYU Microfinance Club

Northwestern Universities Social Impact at Kellogg School Of BusinessOhio State University’s Rural Microfinance ProgramPoint Loma Nazarene University Microfinance Club

Princeton Microfinance Organization at Princeton UniversityRice University’s Owl Microfinance Club

Seattle Pacific University Microfinance ProgramSouthern New Hampshire University’s Microenterprise Development Institute

St. Thomas Microfinance ProgramUCLA - Los Angeles Microfinance Network - UCLAUniversity Of Houston's Microfinance InitiativeUniversity of Minnesota- Microfinance Alliance

University of Mary Washington - La CeibaUniversity Of Colorado's Microfinance Club

University of North Carolina - The Carolina Microfinance InitiativeUniversity of Oregon Microfinance Initiative

University of Southern California - Microfinance and BeyondUniversity of Pennsylvania - Penn Microfinance Club

University of Texas - Texas Microfinance GroupUniversity of Utah Microfinance Club

University of Virginia - Seed MicrofinanceUniversity of Washington Microfinance Initiative

Vanderbilt Microfinance ClubWashington And Lee University- The General Development Initiative

Westminster Entrepreneurship ClubWestern Washington University - Western Washington Microfinance Club

Wright State Student Microfinance CampaignYale University - Elmseed Enterprise Fund

Page 9: 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

Who we needFinance/Economics/AccountingHelp develop budget and programs for the club

Create model for lending of club funds

Help local entrepreneurs with financial modeling

BusinessDevelop the operational structure of the club

Review business plans with local entrepreneurs

Work to create “best practices” for lending of club funds

Marketing/PRHold 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

Page 10: 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

MICROFINANCE BRIGADESCollege of Charleston

Page 11: 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

COMMUNITY OVERVIEWEL 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.• 2nd Brigade

Population* 600

Number of homes 125

Average number of people per home 5.5

Number and (0-5): 49/8.1%

% of children (0-9): 149/24.8%

Electricity No (in process)

GPS N 14° 15.762’

  W 086° 52.227’

Altitude 4900 ft

Municipality San Juan de Flores

Page 12: 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

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

Page 13: 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
Page 14: 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

Further Reading Further Reading

http://microfinance.clubs.cofc.edu/

http://fieldus.org/Publications/2008/index.html

http://www.aspeninstitute.org/sites/default/files/content/docs/pubs/Microfinancing.pdf