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Cougar Microfinance

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 to capital

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Cougar Microfinance

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  1. Cougar Microfinance

  2. 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

  3. 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)

  4. 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

  5. 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

  6. Charleston LDC • Objective • Partner with Charleston LDC to help local entrepreneurs in securing SBA funding • Reviewing Business plans • Marketing assistance • Financial/Accounting seminars

  7. 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

  8. 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 CollegeBentley Microfinance InitiativeBucknell’s Microfinance InitiativeBoston College Microfinance InitiativeCarlton College Microfinance ClubChampan University Campus KivaClaremont McKenna College's Microfinance Task ForceCollege of William and MaryColumbia University Microfinance Working GroupCornell University’s BR MicroCapitalCornell University's Sovial Enterprise and Microfinance Club (SEAM)Covenant College's Chalmers CenterDavidson Microfinance ClubDuke University Microfinance Leadership InitiativeEastern University’s Microfinance ConferenceEmory University Microfinance Club at Emory UniversityFairfield University’s CMACGeorgetown Microfinance at Georgetown UniversityGeorge Washington University’s Developing Students 4 Sustainability PrgramHamilton College Microfinance Club at Hamilton CollegeHarvard Project for Sustainable DevelopmentHaverford Microfinance Consulting Club at Haverford CollegeIndiana University's Trockman Microfinance InitiativeIllinois State University’s EkkekkoLehigh University Microfinance ClubMacalester College - Macalester Development GroupMessiah College MicroEconomic Development GroupNortre Dame Microfinance InititativeNYU Microfinance ClubNorthwestern Universities Social Impact at Kellogg School Of BusinessOhio State University’s Rural Microfinance ProgramPoint Loma Nazarene University Microfinance ClubPrinceton Microfinance Organization at Princeton UniversityRice University’s Owl Microfinance ClubSeattle Pacific University Microfinance ProgramSouthern New Hampshire University’s Microenterprise Development InstituteSt. Thomas Microfinance ProgramUCLA - Los Angeles Microfinance Network - UCLAUniversity Of Houston's Microfinance InitiativeUniversity of Minnesota- Microfinance AllianceUniversity of Mary Washington - La CeibaUniversity Of Colorado's Microfinance ClubUniversity of North Carolina - The Carolina Microfinance InitiativeUniversity of Oregon Microfinance InitiativeUniversity of Southern California - Microfinance and BeyondUniversity of Pennsylvania - Penn Microfinance ClubUniversity of Texas - Texas Microfinance GroupUniversity of Utah Microfinance ClubUniversity of Virginia - Seed MicrofinanceUniversity of Washington Microfinance InitiativeVanderbilt Microfinance ClubWashington And Lee University- The General Development InitiativeWestminster Entrepreneurship ClubWestern Washington University - Western Washington Microfinance Club Wright State Student Microfinance CampaignYale University - Elmseed Enterprise Fund

  9. Who we need Finance/Economics/Accounting Help develop budget and programs for the club Create model for lending of club funds Help local entrepreneurs with financial modeling Business Develop the operational structure of the club Review business plans with local entrepreneurs Work to create “best practices” for lending of club funds Marketing/PR Hold 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

  10. MICROFINANCE BRIGADES College of Charleston

  11. COMMUNITY OVERVIEW • EL 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

  12. 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

  13. 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

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