helping millions help themselves microbikeusa tyler heishman fred piumelli bryan stinchfield april...
TRANSCRIPT
Helping Millions Help Themselves
MicroBikeUSATyler HeishmanFred PiumelliBryan Stinchfield
April 24, 2008
Microfinance
Agenda
1. What is Microfinance?
2. Meet a Microentrepreneur
3. History of Microfinance
4. Microfinance Today
5. Questions and Discussion
Microfinance: Lending to the Poor Microentrepreneurs have strong business
ideas Small loans are needed to finance growth No financial sources moneylenders Microfinance offers dignified technique for
the poor to build wealth and escape poverty
High repayment rate (97%) testifies to strength of microentrepreneurs and allows capital to support more of the poor
Meet a Microentrepreneur
Clara Hernandez started a vegetable stand when her husband was fired
"This business was a result of pure necessity,"
Took $250 loan from Compartamos "We needed capital to expand and buy more
produce, but we had nothing left to invest," says Clara.
Three loans later, the business has grown from a tiny stand to a large storefront built onto the couple's home.
History of Microfinance
Developed in 1970’s Grameen ACCION
Replace moneylenders Give poor tools they need to break poverty cycle
High repayment Group lending Dynamic loans
Microfinance Today
2006 Nobel Peace Prize: Muhammad Yunus and the Grameen Bank
2005 UN Declaration as "International Year of Microfinance"
Total Active Borrowers: Over 57 million* Total Loan Portfolio (USD): Over $25 Billion*
* www.MixMarket.org
What do you think?
Questions and Discussion
World Poverty
1 billion people live on less than $1 per day 3 billion people live on less than $2 per day
About half of the world’s population Mostly found in developing countries
Poverty Trap: People are unable to grow wealth because all resources go to survival
Isolated from traditional financial system
We Must Help
Global society
Social contract
Too many people suffering
COMING SUMMER 2008
Michael Delorenzo • Tyler Heishman • Keith Kolakowski
Frederick Piumelli • Bryan Stinchfield • James Watson
ACCION International
Microfinance innovator in 1970’s Current leader in microfinance institution
development Brings expertise and support to partners Strives for institutional sustainability and
capital markets funding Works with 35 partners in 23 countries Recent milestone: 3 million active clients
Contact Us
www.microbikeusa.com [email protected]
Tyler Heishman: [email protected]
Fred Piumelli: [email protected] Bryan Stinchfield: