Hello MFWG Members!
The Microfinance Working Group is excited to announce several upcoming events. First and foremost, we will be holding a kick-off meeting this Wednesday to discuss our plans to host a TEDx conference and launch our own student-led non-profit.
Wednesday, September 26th
MFWG Fall Kick-Off Meeting @ Havana Central7:30pm - 9:30pm Havana Central (2911 Broadway)
The event will be a great opportunity to meet other MFWG members and learn more about our exciting plans for 2012-2013. There will be free food (delicious Cuban appetizers) and free drinks for the first 25 people who attend.
Wednesday, October 3rd
(1) Money and Power for the World’s Poorest Women: Savings Groups not Microfinance as the Best Path for Deep Outreach Financial Inclusion 1:00 pm - 2:00 pm International Affairs Building, Room 1302 A discussion with Jeffrey Ashe, Director of Community Finance at Oxfam America and Adjunct Associate Professor, School of International and Public Affairs. Sponsor: Economic and Political Development Concentration
(2) Profiling Credit Risk for the Informal Sector 6:30pm - 8:00pm Morgan Stanley World HQ (1585 Broadway 4th Floor Auditorium) Access to finance in the informal sector is hampered by the lack of information on the borrowers. Clients have no financial history and no credit score. In this evening’s discussion Megan Oxman, Program Officer of Innovative Finance at the Gates Foundation will give an overview of the barriers that make it hard for the 90% of the 2.5 billion people in the world who live on less than $2 per day to have access to formal financial tools. One of the panelists will be former MFWG board member, Nicole Stubbs! The event is free to Microfinance Club of NY members and $15 for non-members.
Wednesday October 10th
MFWG Movie Night: A screening of the documentary “Micro Debt” 6:00pm - 8:00pm Location TBD
Micro Debt is a documentary by the award-winning Danish filmmaker Tom Heinemann. In this film, Heinemann looks at the dark side of the micro-credit industry in Bangladesh, India and Mexico. The documentary raises the issue of “questionable” loan transfers by Yunus and questions whether micro loans are fit for purpose as the “poor always have to pay”. The MFWG board is planning several additional events, so please make sure to check our frequent update emails!
Cheers, Emily, Tabitha, Ethan, and Caro