The Silicon Valley Microfinance Network

The Bay Area’s premier microfinance education and networking organization

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Posts Tagged ‘kiva’

SVMN Presents Microfinance 201 Education Course

Posted by hilarywilson on March 23, 2011

SVMN Education Course

Microfinance 201: Cases in Microfinance

Silicon Valley Microfinance Network (SVMN) is proud to offer “Microfinance 201: Cases in Microfinance (MF201)”.  During this course, Professor Sean Foote will lead a reflective, in-depth look at case studies on some of the most notable microfinance institutions in the industry, both within the United States and worldwide.  After a brief introduction to renowned microfinance institutions (MFIs) such as ASA, Kiva, Opportunity Fund, MicroPlace and Compartamos, Professor Foote will peel back the layers of a few organizations and examine topics such as:

•    corporate strategy
•    deal structuring
•    product proliferation
•    liquidity
•    valuing

and how these organizations deal with geographical differences and maintain innovation to effectively distribute loans and meet the needs of their clients.

Target Audience

The course is targeted to executives who want mobilize their companies into action in the microfinance space, to professionals who are looking to transition their careers, and to anyone who wants to gain a substantial understanding of the origins, workings, and current landscape of microfinance.

To register for this course, go to http://svmnmicrofinance201.eventbrite.com or click “Register” below.


SVMN Faculty

Sean FooteMF201 will be taught by your own SVMN Faculty, Silicon Valley Microfinance Network Board Member Sean Foote as primary instructor, with guest lecturers from Opportunity Fund, Kiva and MicroPlace.  Instructor Sean Foote is a partner at Labrador Ventures and a veteran venture capitalist who actively serves on boards of both private companies and nonprofit organizations and lectures on microfinance at UC Berkeley’s Haas School of Business.  His brilliant and engaging style make this course an interactive experience whose material participants will draw on for years to come.

What: MF 201: Cases in Microfinance Education Course

When: Mondays, April 11th, 18th & 25th 6:30-8:30pm

Where: O’Melveny & Meyers San Francisco Offices (Two Embarcadero Center, 28th Fl, San Francisco, CA 94111)

Tuition

Student/Nonprofit Employee: $250.00 per course

Regular Attendee: $450.00 per course

For more information about this course or other SVMN programming, email Hilary Wilson at hilary@svmn.net.

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Opportunity Fund Microfinance Call Night

Posted by hilarywilson on March 11, 2011

Volunteers Needed! Opportunity Fund Microfinance Call Night

Want to roll up your sleeves and get involved in microfinance in your backyard?  Join us on  Tuesday, March 15th. Opportunity Fund is hosting a Call Night, an exciting event that allows YOU to be a part of the microloan process for Bay Area borrowers. We hope to see you there!

WHAT: 1.) Phone microloan borrowers with profiles posted on Kiva.org to collect journal entries reporting on how they benefited from the loan.  2.)Phone Opportunity Fund IDA MicroSavings clients who recently met their savings goal. A quick call to congratulate a major milestone!

WHY YOUR HELP IS NEEDED: A few hours of your time saves staff an entire day hammering the phone lines. You make local microfinance more efficient!

WHY YOU SHOULD JOIN: You get to speak with microfinance clients, and learn about how it works with people here in your own community. At the same time, get to know your fellow volunteers, microfinance enthusiasts in the Bay Area!

 

 

When: Tuesday, March 15 6:00-7:30pm

Where: Opportunity Fund’s San Francisco Office (785 Market Street, 17th Floor, San Francisco, CA)

Questions? Email Caitlin (at) opportunityfund.org

Details & RSVP: http://www.facebook.com/event.php?eid=181160265262535&ref=mf

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February Speaker Event

Posted by hilarywilson on February 23, 2011

Microfinance for Student Loans: Giving Youth a Little Credit!

- Thursday, February 24th -


The next SVMN Speaker Event on Thursday, February 24th at Blum Hall on the UC Berkeley campus feature Kushal Chakrabarti (Co-Founder & CEO, Vittana), Ben Elberger (Regional Director, Kiva) and Noga Leviner (Executive Director, Lumni USA), as they discuss the challenges, successes and future landscape of the new frontier of harnessing microfinance for students loans, both in the US and abroad.

Industry leaders are leveraging debt and equity-like investments as well as P2P lending models to provide youth (both in the US and abroad) with the tools necessary to pursue higher education. As a result, the student-loan market has experienced explosive growth.  SVMN is proud to present this unique opportunity to hear the nation’s leaders talk about the rise of using microloans for education and answer your questions. We look forward to seeing you there!

Register early! Online registration closes the day of the event. At-the-door admission is $10 more. Tickets are limited!

When: Thursday, February 24th

6:30-7:00 — Sign-in, dinner, networking
7:00-7:50 — Intros and speaker presentations
7:50-8:15 — Q&A
8:15-8:30 – Networking

Where:

Blum Hall (Across Hearst St. from Ectheverry Hall)
UC Berkeley Campus
2521 Hearst Ave Berkeley
Berkeley, CA 94709

Cost:

in advance: $20 regular attendee | $10 students & non-profits (w/ ID)
at the door: $30 regular attendee | $20 students & non-profits (w/ ID)
(includes food + drinks)

Speaker Bios

Kushal Chakrabarti, Co-Founder & CEO Vittana

As the son of first-generation immigrants, Kushal knows first-hand the importance of education and its power to change lives. He owes everything to a few teachers and mentors who believed in him and took a risk on him when he was younger. Previously, Kushal led technical strategy, design and development for the multi-hundred million dollar personalized recommendations system at Amazon.com and, before that, was a research scientist working in artificial intelligence and computational biology. He has authored over 20 patents, talks and peer-reviewed articles over his career.

Kushal graduated from the University of California, Berkeley with a B.S. in computer science and a B.A. in molecular biology. What gets him up every morning is the knowledge that although there’s a lot about the world he can’t change, he can help make a difference about this.

Ben Elberger, Regional Director, Kiva

As Regional Director, Ben is responsible for setting strategy in Anglophone Africa and South Asia, managing field-based staff, and conducting due diligence on potential MFI partners. Based in San Francisco, Ben contributes to Kiva’s risk management framework, assists in building out Kiva’s evolving internal portfolio systems, and is spearheading efforts to enter and expand in key South Asian markets. Ben was previously a Microfinance Partnerships Manager and Microfinance Partnerships Coordinator with Kiva joining the team in early 2006. Prior to Kiva, Ben was a research assistant at the Center for Global Development where he worked with research fellows investigating the impact of International Monetary Fund programs on developing country health spending and on the political dynamics of the global health agenda. He has published on topics in international development and microfinance. Ben is a graduate of Stanford University with a degree in Public Policy and, despite being a native New Yorker, loves California.

Noga Leviner, Executive Director, Lumni USA

Noga brought Lumni to the United States in 2008 and has led the company through its startup phase including legal and operational design, setting strategic direction, fundraising and business development, and testing the concept pilot. She previously worked as a Program Manager for Ashoka where she headed the organization’s 60-country impact assessment program, conducted due diligence on the work of social entrepreneurs, and led or co-led the launch of a series of programs to identify and support social entrepreneurs including those pursuing financial services innovations. She holds a B.A. from Stanford University.


Parking Info:

Blum Hall is located about 100 yards past Euclid Avenue on the south side of Hearst Avenue, across Etcheverry Hall, at the north-east end of UC Berkeley’s campus.  The closes parking structure to Blum Hall is the Upper Hearst Lot.

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May 20-21 2010 Microfinance USA

Posted by Sriram Puthucode on March 9, 2010

open 700 Microfinance USA

The place where microfinance practitioners, investors, and enthusiasts meet.

May 20-21, 2010 * San Francisco, CA

Presented by: Opportunity Fund, Kiva, the ACCION U.S. Network and

SVMN

Explore, Engage, and Expand microfinance in the United States.

Early bird registration through March 15th!

www.microfinanceusa2010.org

Featured Speakers:

Maria Shriver, First Lady of California

Premal Shah, President of Kiva

Leslie Kane, Executive Vice President of Grameen America

Bob Annibale, Global Director of Citi Microfinance

Conference Features:

Microfinance Careers Roundtable

Microloan Client Tours

MicroEntrepreneurs Food Festival & Cocktail Reception

Principal Sponsor

Chevronsp
Prime Sponsor
BofAsp
Signature Sponsor
Citi Logo

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5/26 SVMN Meeting Recap: Breaking the Mold . . . and Maybe the Rules

Posted by April Newman on June 19, 2009

Breaking the Mold . . . and Maybe the Rules

– SVMN Speaker Event recap written by Cindy Law

Mads and Matt

Mads Kjaer (seated) and Matt Flannery speak to SVMN May 26, 2009

“The only way we can [eradicate poverty] is if we do things differently than what we have done historically . . . we need to think in a new way and create new patterns.” – MCY4 Founder Mads Kjaer

“Breaking Mold… and Maybe the Rules” featured MYC4 Founder Mads Kjaer and Kiva.org Co-Founder Matt Flannery, whose organizations provide two innovative and complementary peer-to-peer lending platforms. Kjaer and Flannery illuminated the broader regulatory environment shaping their work and its implications on the legal and financial structures of their respective organizations.

Kjaer introduced MYC4 as an 18-month old organization that has already amassed 15,000 investors from 90 countries to provide a $10 million loan portfolio. Kjaer discussed MYC4’s innovation in returning interest to users at an average rate of 13% and how the organization is building transparency in its online marketplace for loans, including disclosing transaction costs and country-specific tax rates on earned income. Kjaer provided a live demonstration of MYC4’s online platform and the application of the Dutch Auction, a bidding process around which the MYC4 process is based.

Flannery shared the story of Kiva’s origination and rapid progression from a vision for friends to a widely successful venture whose lender demand has historically outstripped the organization’s supply of loans to fund. Flannery discussed how due to legal obstacles, Kiva – which initially considered an interest-generating loan model comparable to that of MYC4 – pursued 501(c)(3) status and ultimately changed its thinking around its revenue model. Whereas MYC4 generates revenue from fees collected on each loan, Kiva’s revenue primarily stems from lender monetization and interest from cash flows.

From a risk perspective, financial and commercial risk lie with investors for both organizations; however, MYC4 and Kiva have developed distinct legal models and approaches to managing insolvency among borrowers and field partners. In Kiva’s case, Flannery and General Counsel Austin Choi explained the organization’s role as an intermediary on behalf of individual lenders. By maintaining a contract with each MFI partner, Kiva is able to reduce person-to-person transaction costs for lenders. In contrast, MYC4’s contracts are held by individual investors who hold the legal rights and responsibilities to each loan.

SVMN Board Member Sean Foote moderated the panel and Q&A session.

Mads to group

MYC4 Co-founder & CEO Mads Kjaer speaks to SVMN at O'Melveny & Myers office in San Francisco, CA.

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