An interesting event happening at MercyCorps in NYC: Creating Sustainable Microfinance: A Panel Discussion Moderated by Caitlin Weaver, Chair of the Microfinance Club of New York Panelists Include: Camilla Nestor, Vice President of Microfinance, Grameen Foundation Bill Abrams, President, Trickle Up Beth Ellen Dunphe, Director of Development, Project Enterprise
While Mohammad Yunus was awarded the Nobel Peace Prize for his pioneering microfinance work in Bangladesh just three years ago, the popularity of providing the poor with collateral-free loans and other financial services to support their businesses is at an all-time high. New microfinance models seek to make lending even more direct. Yet as the practice of microfinance has begun to mature and expand, so too have concerns over how to implement it most effectively. What are the implications when a nonprofit organization offers microfinance to an impoverished community but does not provide basic health or social services? Can a single microfinance model work on different continents? How might nonprofits, lenders and governments ensure that micro-loans lead to lasting change not just for the borrowers, but for their entire families and communities?
These are among the questions to be addressed at this panel discussion hosted by Mercy Corps'
Action Center to End World Hunger in Battery Park City. Wednesday, August 5, 7:00PM Mercy Corps’ Action Center to End World Hunger 6 River Terrace Battery Park City, New York