Presentation is loading. Please wait.

Presentation is loading. Please wait.

How to start a. Define Campus MFI A group or organization founded or led by students that offers equitable financial services to disadvantaged community.

Similar presentations


Presentation on theme: "How to start a. Define Campus MFI A group or organization founded or led by students that offers equitable financial services to disadvantaged community."— Presentation transcript:

1 How to start a

2 Define Campus MFI A group or organization founded or led by students that offers equitable financial services to disadvantaged community members off-campus

3 Campus MFI Examples

4 The Campus Microfinance Alliance is a platform for students to learn how to practice microfinance.

5 How we help Campus MFIs Annual conference Start Up Kit ( Startupmfi.wikispaces.com) Intensive technical assistance – Site Visits Lend for America Fellowship Alchemy Listserv & Member Monthly

6 Yale University in New Haven, CT Founded 2001 ~50 student staff 2012 Operating Budget: $13,000

7 University of North Carolina Founded in 2009 ~130 student volunteers 2012 Operating Budget: $68,000

8 Brown University Founded in 2008 7 Full-time staff 2012 Operating Budget : $280K

9 Before you start Is microfinance right for you and your campus community? – Commitment – The Team – Skills – University Support – Market Research

10 Start-Up 501(c) 3 Student organization Academic Yale; Rutgers; Brown; UNC Chapel Hill; Georgetown; University of Wisconsin; Grinnell College Arizona State; Fordham University Northwestern; Duke; University of Alabama; Notre Dame; St. Cloud State; Bentley Legal Structure

11 Products & Services Business Training Course Financial Literacy Class Small Business Loans Tax Prep Credit Builder Loans Consumer loansSavings Alternative payday loan products Access to Markets Bank On Technical Assistance: Loan packaging Financial Coaching

12 Fundraising Community Reinvestment Act (1977) –Banks Ask on campus for funds –Think experiential education, community engagement, community service –Professors, department chairs, Dean/President/Provost office, Center for Service Learning, Center for Social Entrepreneurship –Business plan competitions

13 Sustainability Structure: Example - Departments –Executive Board (co-CEOs, COO, CFO) –Fundraising Department –Lending Department –Finance Department –External Relations Department Leadership transitions

14 What to do first ‘Voices of my community’ exercise to get to know your community – Go off campus and have conversations with community members

15 Consider the following Geography: Is there a neighborhood close to campus that is underserved by local providers? What does it look like and what are its main challenges? Are there central places where I can go to speak to local community members? Demographics: Where is there a potential match between their cultural characteristics (ie, low income Hispanic microbusinesses) and our capacities? Psychographics: What are the attitudes, values, challenges, and preferences of community members?

16 Take-home Exercise Voices of my community

17


Download ppt "How to start a. Define Campus MFI A group or organization founded or led by students that offers equitable financial services to disadvantaged community."

Similar presentations


Ads by Google