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bmirchandani at mba2005.h
11-12-2004, 05:35 PM
Dear Community Development Banking Listserv:




Newsletter Contents:



I. Rebranding

II. Events (3)

III. Strategic Partnerships (4)

IV. Jobs and Internships (5)

V. Online Resources (7)

VI. Post your own opportunity

VII. Network Expansion

VIII. Stories in Development Finance (1)

IX. Get involved

X. Subscribe to our monthly newsletter


Below you will find the Graduate Student MADVC (Microfinance and
Development Venture Capital) Network monthly e-newsletter. We are a
one-stop-shop for practitioners and interested Harvard, Yale,
Northwestern and other university students alike. Thanks in part to the
hard work of Yana Watson, Simone Lee, Regina Galang, Akbar Khuwaja,
Chris Neale, Deirdre Cooper, Asawari RaoRane Agrawal, Yasmina McCarty,
Elena Selyuk, and Kipper Blakely, we help practitioners disseminate
information about opportunities and we help students launch or
accelerate careers in development.



I. REBRANDING OF CAMBRIDGE MADVC NETWORK TO GRADUATE STUDENT MADVC
NETWORK



To facilitate collaboration with microfinance student leaders at Yale
University, Wharton, and Kellogg, the MADVC Network has changed its name
from Cambridge MADVC to Graduate Student MADVC. This more inclusive
approach should help student groups build on each other’s work, rather
than replicating it.





II. EVENTS



1. MADVC Kick-off Meeting/Networking Session – Wednesday October 6th



MADVC hosted an informational meeting on Wednesday October 6th from 6:00
to 7:00 pm in Littauer 130 at the Kennedy School of Government. The
meeting introduced new members to the various facets of the network,
especially the Global Microentreprenership Awards. The meeting was
widely attended, with students from Harvard College, KSG, HBS, and Tufts
Fletcher School. There was a great deal of interest in bringing more
speakers to campus to highlight and explore microfinance further and
also great commitment on the part of students to drive to Global
Microentrepreneurship Awards onto bigger and better things next year.



Those interested in getting involved to have not yet made themselves
known should contact

Regina Galang on speakers:
<mailto:rgalang2005@kellogg.northwestern.edu>
rgalang2005@kellogg.northwestern.edu

Bhakti Mirchandani or Deirdre Cooper on the Global Microentrepreneurship
Awards: <mailto:B@mba2005.hbs.edu> B@mba2005.hbs.edu,
<mailto:dcooper@mba2005.hbs.edu> dcooper@mba2005.hbs.edu



Please make your interest known as soon as possible so that we can work
you into our planning process!!



2. SPBD Fundraising Event: Saturday, 13 November

Greg Casagrande, the Founder, Chairman and President of the South
Pacific Business Development (SPBD) Foundation ( <http://www.spbd.ws/>
www.spbd.ws), will be holding a fundraising event in Boston on Saturday
evening, 13 November. Founded in 1999, SPBD provides small, unsecured
loans to groups of rural women. Women invest their loans into businesses
based on their existing livelihood skills. SPBD is also a MADVC
strategic partner. If you are interested in attending the event or if
you’d like more information on it, please email
<mailto:regina_galang@ksg06.harvard.edu>
regina_galang@ksg06.harvard.edu. It promises to be a great evening!



3. Have Brunch with Founder, Chairman and President of SPBD: Sunday, 14
November

On Sunday, 14 November have brunch with a microfinance practitioner!
Greg Casagrande, Founder, Chairman and President of SPBD, will be
available for a brunch session to discuss his ground-breaking work in
Samoa. For more information on Greg, please go to:
<http://www.spbd.ws/spbdteam.htm> http://www.spbd.ws/spbdteam.htm. We
will take the first 10 students for this opportunity, so email
<mailto:regina_galang@ksg06.harvard.edu> regina_galang@ksg06.harvard.edu
now.



III. STRATEGIC PARTNERSHIPS



1. Student Microfinance Initiative



MADVC is pleased to announce its strategic partnership with the Student
Microfinance Initiative (SMI), a student-run, international network that
aims to promote and foster the development of microfinancial services
around the world by working in tandem with local Microfinance
Institutions (MFI), NGOs and microentrepreneurs. In other words, SMI
helps to identify exciting microfinance projects for a team of students
to work on. As part of the strategic partnership, MADVC will
disseminate information about SMI opportunities and notable SMI
volunteers in its newsletters. You can find out more about SMI’s work
by visiting <http://www.acumenfund.org/> www.sminetwork.org or sending
an email to <mailto:santiago.suarez@yale.edu> santiago.suarez@yale.edu.




2. U.N. Year of Microcredit Launch



• The International Year of Microcredit will be launched on
November 18th 2004.



• To mark the launch, we are coordinating stock exchanges to
have microentrepreneurs ring the opening bells or participate in the
opening ceremonies.



• Contest Prizes will be given to selected microentrepeneurs.
There will be six to ten grand prizes for each country. One
microentrepreneur in each country will ring the bell to open their
country stock exchange or the stock exchange in another countries.



• Initial 8 target countries include: (1) Southeast Asian
(Indonesia, Cambodia, (2) African and South Asian (Mozambique,
Pakistan); (3) Latin American (Mexico, and the Dominican Republic); and
(4) post-conflict (Rwanda and Afghanistan) nations



• Aim is to grow the number of countries to 50 by 2005.



If interested in coordinating or facilitating part of this effort,
please email:

Mei Chee ( <mailto:lchee@mba2005.hbs.edu>
lchee@mba2005.hbs.edu) for Southeast Asia

Deirdre Cooper ( <mailto:dcooper@mba2005.hbs.edu>
dcooper@mba2005.hbs.edu) for Africa and South Asia

Moriah Meyskens ( <mailto:akhuwaja@aol.com>
mm1457@stern.nyu.edu) for Mozambique

Mike Kerlin ( <mailto:mkerlin@mba2005.hbs.edu>
mkerlin@mba2005.hbs.edu) for Latin America or Media Outreach

Bhakti Mirchandani ( <mailto:b@mba2005.hbs.edu> b@mba2005.hbs.edu) for
Post-Conflict Areas or Stock

Exchange Coordination



3. Unitus



MADVC strategic partner Unitus announced a partnership with Jamii Bora,
a Kenyan MFI. The partnership will assist Jamii Bora’s growth from
70,000 to over 500,000 clients. It includes a $1 million line of
credit, a $200,000 grant for staff training, and advanced computer
systems that will support their upcoming rapid expansion. In addition
to offering its clients microloans, it also provides them with health
insurance, mortgages, and alcoholism rehabilitation. Many of Jamii
Bora’s clients come from Nairobi’s Mathare and Soweto slums and are
among Kenya’s poorest people. In addition, Jamii Bora is unique in that
their staff is almost entirely comprised of previous borrowers who truly
understand poverty. Since its 1999 inception, Jamii Bora has grown to
70,000 clients, increasing by 89% in 2003 alone.



Although the microfinance industry is 30 years old, only a handful of
MFIs have grown to a size where they significantly impact the
communities they serve. And millions of people living in poverty still
do not have access to microloans. MADVC applauds Unitus’s efforts to
change that through its partnership with Jamii Bora.



4. South Pacific Business Development Foundation (SPBD)



On October 7th, SPBD officially launched its new micro-savings program,
which has been pilot-tested since July 2004. The pilot program revealed
that low-income people have good savings habits, despite all of the
daily monetary pressures. By allowing any SPBD member to open a savings
account in their own village for as little as US$4 with the same
interest rate as any member of the public opportunities to earn
interest, SPBD is helping its members save economically and conveniently
in small amounts at the village level. SPBD developed this innovative
micro-savings program in partnership with UNDP and Westpac Bank. A
graduate student from the Kennedy School of Government was also
instrumental in the design and implementation of this new program.



If interested, please see the posting for the General Manager
Opportunity at SPBD on our strategic partners page. The GM manages and
develops SPBD institutional capabilities to provide superior financial
services to poor clients based on commercial market-driven principles.
Reporting to the President, the GM leads and motivates a professional
team of 15 to achieve our poverty alleviation mission and our corporate
goals. More information is available online.



IV. JOBS AND INTERNSHIPS

Please visit <http://www.microfinancenetwork.org/jobs.php>
http://www.microfinancenetwork.org/jobs.php and
<http://www.microfinancenetwork.org/internships.php>
http://www.microfinancenetwork.org/internships.php for detailed
descriptions of exciting opportunities to build or expand a career in
development. The following positions are new:

1. BASIX: IT Executive

2. Global Partnerships: Internship Opportunities

3. Global Partnerships: Spanish Translator

4. Global Partnerships: Special Events Volunteers

5. Sur Norte Inversion y Desarollos: Web Designer



V. ONLINE RESOURCES AND COMMON TERMS




Our common development finance terms page, available at
<http://www.microfinancenetwork.org/definitions.php>
http://www.microfinancenetwork.org/definitions.php has several new terms
and concepts this month, including:



1. Adverse Selection

2. Compensating Balance

3. Horizontal Growth

4. Physical productivity

5. ROSCA



For easier navigation, we have also reorganized the page by type of
development finance: (1) microfinance; (2) development venture capital;
and (3) other development finance.



Practitioner Papers



Nuradli Ridzwan Shah Mohd Dali, a lecturer in the Department of
Accounting in the College of Business Management at Universiti Tenaga
Nasional in Malaysia has been kind enough to share his knowledge of
currency crises, gold dinars, and microinsurance in “Investment from the
Islamic Perspective and Mitigating Currency Risk with the Implementation
of Gold Dinar" with the network. The article can be found at
<http://www.microfinancenetwork.org/Papers.php>
http://www.microfinancenetwork.org/Papers.php.




Online Magazines



Opinion Sur is a free online magazine which offers innovative and
entrepreneurial solutions to fighting poverty in the developing world as
well as analyses the impact of global processes on developing nations.
It
is edited by Sur Norte Inversión y Desarrollo, an NGO in Buenos Aires
which
works to find solutions to alleviate poverty. For a free subscription,
click
here, <http://www.surnorte.org.ar/opinionsur_suscripcionbingles.shtml>
http://www.surnorte.org.ar/opinionsur_suscripcionbingles.shtml.





VI. POST YOUR OWN OPPORTUNITY



As the network continues to grow, we are transitioning toward a
decentralized opportunity submission process.



1. <http://www.microfinancenetwork.org/submit.php>
www.microfinancenetwork.org/submit.php

2. Username is submission and the password is opportunity

3. Click on "Submit an Opportunity."

4. Type in as much information as you have about the opportunity
relevant to the various fields.

5. Click on "Logout" when you have finished.

We will review your posting and, if it is in line with our mission, we
will approve it for publication on our web site. We will also change
the username and password periodically, but will update you if you are a
frequent contributor.



VII. NETWORK EXPANSION



In addition, thanks to the generous outreach efforts of Northwestern’s
Luca Torre, the Wharton Microfinance Club’s Yana Watson, and UNCDF’s
Emily Krasnor. They have all disseminated information about the MADVC
network; our e-newsletter mailing list is nearing 400 this month. This
growth is also partially attributable to William Meyers, who has been
gracious enough to allow the MADVC team to distribute its newsletter to
the community development banking listserv.



VIII. STORIES IN DEVELOPMENT FINANCE

As part of our mission to provide learning opportunities about
development finance, we are featuring a firsthand account of a network
member's microfinance experience in the New York and and Mumbai. Our
network member discusses her work researching and identifying new
sources of funding for WWB’s Investment Program Pilot, in which WWB
would take partial equity ownership of MFIs. Please see details at:
<http://www.microfinancenetwork.org/SimoneLeeStory.php>
http://www.microfinancenetwork.org/SimoneLeeStory.php.



IX. GET INVOLVED



If interested in building the microfinance and development venture
capital network, please contact Regina Galang (
<mailto:rgalang2005@kellogg.northwestern.edu>
rgalang2005@kellogg.northwestern.edu), Deirdre Cooper (
<mailto:dcooper@mba2005.hbs.edu> dcooper@mba2005.hbs.edu), or Bhakti
Mirchandani ( <mailto:b@mba2005.hbs.edu> b@mba2005.hbs.edu).



We largely divide work into marketing, relationship management, and
knowledge-building. Work can also be divided by content area of
interest. We are looking to build content in Venture Philanthropy,
CDCs, Microfinance, and more, so please contact us if you are
interested.



Primary Contact People for the launch of the Year of Microcredit are:
Mei Chee ( <mailto:lchee@mba2005.hbs.edu> lchee@mba2005.hbs.edu) for
Asia; Mike Kerlin ( <mailto:mkerlin@mba2005.hbs.edu>
mkerlin@mba2005.hbs.edu) for Latin America; Deirdre Cooper (
<mailto:dcooper@mba2005.hbs.edu> dcooper@mba2005.hbs.edu) for the Middle
East and Africa; and Bhakti Mirchandani ( <mailto:b@mba2005.hbs.edu>
b@mba2005.hbs.edu) for post-conflict regions.





X. SUBSCRIBE TO OUR MONTHLY NEWSLETTER



To subscribe to the Cambridge Microfinance and Development Venture
Capital Network list serve, please send an email to the following
address:

<mailto:CamMicrofinNet-subscribe@yahoogroups.com>
CamMicrofinNet-subscribe@yahoogroups.com





With Best Regards



The MADVC Team

<http://www.microfinancenetwork.org/> www.microfinancenetwork.org





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