[PMX:###] MADVC Development Finance May Update

Dear**Community Development Banking*Listserv*:*
*
Below is a copy of the
******************* Newsletter Contents:
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I.******************* Events (2)
II.**************** Strategic Partnerships (3)
III.************** Jobs and Internships (2)
IV.************* Online Resources (17)
V.**************** Post your own opportunity
VI.************* Network Expansion
VII.*********** Stories in Development Finance (1)
VIII.******** Get involved
IX.************* Subscribe to our monthly newsletter
*Cambridge MADVC (Microfinance and Development Venture Capital) Network monthly e-newsletter.* We are a one-stop-shop for practitioners and interested Harvard and other students alike. Thanks in part to the hard work of Regina Galang, Mike Kerlin, Ming Yang, Marina Lutova, Hema Chugh, 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.*******
*
To subscribe to this newsletter, please email: CamMicrofinNet-subscribe@yahoogroups.com (cammicrofinnet-subscribe@yahoogroups.com)

[img]cid:613165402@01062004-1f58[/img]
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I.* EVENTS
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1.* Year of Microfinance Launch Fundraiser
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The launch team of the Year of Microcredit is planning a fundraiser this summer in New York City.* Proceeds will be used to finance entrepreneurship contests for low-income individuals in eight countries.* The fundraiser is tentatively scheduled for early August.* If you are interested in playing a role in coordinating this event or would simply like to attend, please email Mike Kerlin (mkerlin@mba2005.hbs.edu (mkerlin@mba2005.hbs.edu)).* We will share the time and place of the event with you later in the summer.* *
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2.* MADVC Welcome Back Event:
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The MADVC Network is planning to host a Welcome Back Networking Event in September.* This event will feature its latest strategic partner, the Small Enterprise Education and Promotion (SEEP) Network.* More details to follow.* If you are interested in helping to organize this event, please email Asawari Agrawal (araorane@hotmail.com (araorane@hotmail.com)) or Bhakti Mirchandani (b@mba2005.hbs.edu (b@mba2005.hbs.edu)).*
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II.* STRATEGIC PARTNERSHIPS
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1. *The Small Enterprise Education and Promotion (SEEP) Network
*
MADVC is proud to introduce its new strategic partner, The Small Enterprise Education and Promotion (SEEP) Network.* The SEEP Networks is an organization of more than 50 North American private and voluntary organizations that support micro and small business and microfinance institutions in the developing world. Its mission is to advance the practice of micro and small enterprise development among its members, their international partners, and other practitioners. The SEEP Network: (1) provides collective examination from which emerges learning that advances professional development; (2) increases program impact; (3) fosters continuing innovation; and (4) informs the policy arena.* Through SEEP's three programs --*Institutional Development Services (IDS), Network Development Services (NDS), and the Practioner Learning Program (PLP)—it serves*its members, develops the capacity of country-level and regional networks, and promotes lateral learning among practitioners. Our publications and training programs establish best practices in the microenterprise industry.*
*
*The strategic partnership*between MADVC and SEEP will entail:*
*◦*** promoting ISR field study and PAE opportunities at Harvard Business School
****** and the Kennedy School of Government, correspondingly*
◦*** preferentially disseminating opportunities to get involved with SEEP events*
**** through the MADVC newsletter and website*
*◦*** facilitation of a SEEP visit to campus to meet MAVC network members*
◦*** recruitment of network members for SEEP internships and full-time*
**** opportunities*
*◦*** prominent placement of SEEP on MADVC's website and in its newsletters
*
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2.** U.N. Year of Microcredit Launch
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•******** The International Year of Microcredit will be launched on November 18th 2004.
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•******** To mark the launch, we will organize entrepreneurship contests for low-income individuals in as many countries as possible.
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•******** Contest Prizes will be given to selected microentrepeneurs.* One microentrepreneur in each country will ring the bell to open their country stock exchange.*
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•******** 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 25.
*
If interested in coordinating or facilitating part of this effort, please email:
*********** Mei Chee (lchee@mba2005.hbs.edu (lchee@mba2005.hbs.edu)) for Southeast Asia
*********** Deirdre Cooper (dcooper@mba2005.hbs.edu (dcooper@mba2005.hbs.edu)) for Africa and South Asia
*********************** Akbar Khuwaja (akhuwaja@aol.com (akhuwaja@aol.com)) for Mozambique
*********** Mike Kerlin (mkerlin@mba2005.hbs.edu (mkerlin@mba2005.hbs.edu)) for Latin America
*********** Bhakti Mirchandani (b@mba2005.hbs.edu (b@mba2005.hbs.edu)) for Post-Conflict Areas
*********************** Elena Selyuk (eselyuk@bu.edu (eselyuk@bu.edu)) for Rwanda
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3.* Grameen Foundation USA
*
MADVC strategic partner Grameen Foundation USA seeks a bright, energetic person to help develop the organization’s individual giving program.

Reporting to the Director of Development, the [b]Development Assistant is responsible for direct mail appeals, stewardship of annual giving donors, planning special events, donor research, new donor relations, data entry, as well as general assistance with all other development activities. The successful candidate will have a bachelors degree, exceptional interpersonal and written communications skills, strong organizational skills, experience with a donor database, integrity, and a sense of humor. A passion for micro-credit and the Grameen methodology is a must.

Women and persons of color encouraged to apply. More information at jobs@gfusa.org (jobs@gfusa.org).
*
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III.* JOBS AND INTERNSHIPS
Please visit http://www.microfinancenetwork.org/jobs.php and 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. Kennedy School of Government: Teaching Fellow
2. Grameen Foundation USA: Development Assistant

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IV.************* ONLINE RESOURCES AND COMMON TERMS
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Please visit our updated online resource page at http://www.microfinancenetwork.org/resources.php for a brief description and links to the home pages of 53 industry leaders in the field of development finance.* Thanks to Dean Mahon, new featured organizations include:
*

1. Small Enterprise Education and Promotion (SEEP) Network
2. Boston Community Capital

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

1. Bridge Financing
2. CAMEL
3. Commercialization
4. Financial Self-Sufficiency
5. Fixed-Asset Lending/Loans
6. Informal Sector/Economy
7. Microcredit to Housing Finance (MCHF)
8. Shelter Advocacy to Housing Finance (SAHF)
9. Flexible Loan Product
10. Housing Improvement/Repair Loan
11. New Housing Construction Loan
12. Land Acquisition Loan
13. Infrastructure Provision Loan

*
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
*
Michael Carson, a Mid-Career Student at the Kennedy School of Government and founding member of the Social Enterprise in Action (SEIA), has been kind enough to share his knowledge of a local CDFI with the network in “Boston Community Capital, A Mission-Driven Community Development Finance Institution” with the network.* The article can also be found at http://www.microfinancenetwork.org/Papers.php.**
*
Garrett Wyse, Microfinance Researcher, Administrator, and Manager from Waterford Ireland, has generously offered to share his thesis proposal on poverty reduction as a global public good with us.* As Garrett’s piece, available online at garrettwyse@ireland.com (garrettwyse@ireland.com).* **
*

V.* POST YOUR OWN OPPORTUNITY
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As the network continues to grow, we are transitioning toward a decentralized opportunity submission process.*
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1. 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.
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VI.* NETWORK EXPANSION
*
In addition, thanks to William Meyers, who has been gracious enough to allow the MADVC team to distribute its newsletter to the community development banking listserv, and Regina Galang, who has been disseminating the newsletter to her classmates at Kellogg, the MADVC e-newsletter mailing list has grown to 341 this month.* We point out that the power of a network is proportional to the square of its number of members and the frequency of their interaction.**
*
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VII.* 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 independent Pacific island nation, Samoa.* We point out that this network member is focused on staffing coordination, specific cultural considerations, funding and cash flow constraints and overall microfinance education and advocacy for our strategic partner South Pacific Business Development (SPBD).* SPBD is the largest and most successful MFI in Samoa.* It works exclusively with poor Samoan women and provides training, unsecured credit and ongoing guidance and motivation to help these women create and sustain small businesses so that they can work their way out of poverty.* Please see details at: http://www.microfinancenetwork.org/YengFelipeStory.php.*
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VIII.* GET INVOLVED
*
If interested in building the microfinance and development venture capital network, please contact the following individuals, depending on your functional area of interest.* Marketing: Deirdre Cooper (dcooper@mba2005.hbs.edu (dcooper@mba2005.hbs.edu)).* Knowledge-building: Regina Galang (rgalang2005@kellogg.northwestern.edu (rgalang2005@kellogg.northwestern.edu)) and Akbar Khuwaja (akhuwaja@aol.com (akhuwaja@aol.com)).* Relationship-building: Bhakti Mirchandani (b@mba2005.hbs.edu (b@mba2005.hbs.edu)).*
*
Primary Contact People for the launch of the Year of Microcredit are: Mei Chee (lchee@mba2005.hbs.edu (lchee@mba2005.hbs.edu)) for Asia; Mike Kerlin (mkerlin@mba2005.hbs.edu (mkerlin@mba2005.hbs.edu)) for Latin America; Deirdre Cooper (dcooper@mba2005.hbs.edu (dcooper@mba2005.hbs.edu)) for the Middle East and Africa; and Bhakti Mirchandani (b@mba2005.hbs.edu (b@mba2005.hbs.edu)) for post-conflict regions.***
*
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.*
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IX.* 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:
CamMicrofinNet-subscribe@yahoogroups.com (cammicrofinnet-subscribe@yahoogroups.com)
*
*
With Best Regards
*
The MADVC Team
www.microfinancenetwork.org





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