Microfinance In the Modern World: Impact of FinTech in the Industry

Date: Tuesday, 15th November, 6pm-7pm
Location: 32L.G.20 (LSE)
Guest Speaker: Diana Biggs, CEO and Founder of Proof of Purpose

Thank you everyone who shower their passion and interest towards Mircrofinance and Fintech by attending the event!

Of course we are also grateful that our speaker, Diana Biggs, came to the event to speak for us about the Mircrofinance and Fintech industry in general and her entrepreneurial life.

She started off the discussion by explaining the objective of the Microfinance industry and how the rising infant industry of Fintech can help to raise awareness of such industry. After that, she focused on the topic of electronic currency cloud system that can reduce the financial inequality around the world. She continued on the discussion on how to make financial industries to be more available to people living in developing countries. She then introduced few different sites where people like us can invest or donate small or large sum of money on entrepreneurs whom need capitals and funds to start up their own business in the developing countries with low rate of interest. To end the discussion, she told her hardships of entrepreneurial journey and answered any questions about her life in Microfinance & Fintech industry. 

It was a pleasure to organise the event where LSE student bodies could ask the speaker freely about the questions that they had before or after the discussion. Hope to see everyone again at our upcoming event!



Microfinance In the Modern World: Impact of FinTech in the Industry

Date: Tuesday, 15th November, 6pm-7pm
Location: 32L.G.20 (LSE)
Guest Speaker: Diana Biggs, CEO and Founder of Proof of Purpose

Diana Biggs is currently working in strategy and partnerships in technology and the financial services industry. Her work in global development, tech and finance spans more than twenty years and five continents, including roles at Oliver Wyman Financial Services, the International Institute for Environment and Development (IIED) and Kiva.org. She is currently working at a technological firm called Proof of Purpose, which provides transaction services to microfinance and financial inclusion firms.

Diana actively speaks on topics including digital currency, financial inclusion and tech for good, and serves as a mentor and advisor for early-stage startups working in those sectors.

It will be a valuable opportunity not only for those who are interested in Microfinance itself, but FinTech and the financial industry.

2016-2017 Committee

Does financial inclusion via microfinance reduce poverty?

16th February, 2016 @CLM 2.02

Watch the debate here!

Thank you everyone who has either shown their interest, helped us spread the word and became a part in the debate. Each and every one of your support has been the cornerstone of this event and we cannot thank you enough.

We would also like to thank Dr Milford Bateman, Dr Phyllis SantaMaria and of course Dr Kate Meagher, who participated in the debate.

The heated duel between Dr SantaMaria and Dr Bateman was excellent and fit for the topic, “Does financial inclusion via microfinance reduce poverty” as the topic itself is also subject to a very heated debate in the field of development studies. Both sides had very good arguments and both sides were able to capture the audience as after the debate was over, a lot of them managed their way towards the panel to ask personal questions.

This debate marks the end of the LSE SU Microfinance Society’s 15-16 agenda, with which we will say thank you for the continued support towards our society and our organisation. We will return soon with announcements for the 16-17 committee elections.

In the mean time: some photos for your visual entertainment.

President Jung Woo Yang makes the opening speech
Dr Phyllis SantaMaria presents her case first: Microfinance does improve the quality of life
Next is Dr Milford Bateman, who argues that Rubik’s Cubes are as effective as microfinance in terms of reducing poverty
Dr Bateman answers questions from Dr Kate Meagher and the audience
Dr SantaMaria also answers questions from Dr Kate Meagher and the audience
Thank you to everyone who attended the event!


Does financial inclusion through microfinance reduce poverty?

16th February, 2016
5.30pm – 7.30pm
Location: TBC upon registration

Registration Link: http://goo.gl/forms/fKnicuxqLV

Dr Milford Bateman is currently a Visiting Professor of Economics at the University of Juraj Dorbila located at Pula, Croatia, while working as a freelance consultant on local economic development. He is known for his works on development economics in the Western Balkans. His controversial book, Why Doesn’t Microfinance Work? which focused on the impacts of microfinance projects in the developing world, sparked debate on the effectiveness of microfinance around the world.

Debating against Dr Bateman is Dr Phyllis SantaMaria, who is the Founder and Director of the Financial Inclusion Forum UK and also a Founder and Director of Learning without Borders. She is in favour of microfinance and will be arguing in favour of financial inclusion and other forms of microfinance, such as microinsurance.

Mediating the debate will be LSE’s very own Dr Kate Meagher, Associate Professor in Development Studies, known for her work in rural development and informal economies in developing nations, especially in the African continent.

Microfinance in the UK – FairFinance

Thanks to everyone who have attended the last event of the year 2015!

It was an eventful Michaelmas Term and it was great to look to the people that are closer to us to end the year. FairFinance gave us a very good presentation about their work in London and the wider United Kingdom, providing capital to those who cannot access mainstream banks due to multiple issues.

It was a pleasure seeing you all for the presentation. Thank you all for the continued support throughout the term and I wish to see you again in Lent Term when we do not have weekly guest presentations, but a special event featuring Professor Milford Bateman in February.

Happy holidays!

Microfinance Initiative Information Session

Thank you for all your attention on our Microfinance Initiative!

It was a pleasure for us meeting you all and I hope to see all of your applications for the Initiative, which is due next Wednesday (9th).

Please do not miss a grand opportunity to change the world!

Next week will be the delayed FairFinance presentation, which will be good for those seeking microfinance opportunities in developed countries, especially the UK.

Introduction to Microinsurance

Many thanks to those who came to the event, where the MICRO network introduced the concept of microinsurance to the audience.

The concept of microinsurance might have been a difficult concept to engulf and understand, as the whole field of insurance is a very specialised field. Looking close to us, LSE even has a specific programme for insurance – BSc Actuarial Science!

Next week we have the big Microfinance Initiative Informational Session, which will be held in the same room – KSW.G.01. Please ensure to save the date as it will be much easier to understand than microinsurance!

Upcoming Events – Michaelmas Term

We have a series of  interesting events coming up!
Mark these dates on your calendar so you don’t miss any of them!

8th December, 2015
Fair Finance: Microfinance in Developed Nations
TW2.3.01, 5pm-6pm

Event Link

FairFinance, a UK based social company focusing on microfinance, will be coming to LSE to give a presentation about how microfinance in the UK works. This will give an insight to the members of the LSESU Microfinance Society on how microfinance organisations operate in developed countries. They will further elaborate on employment opportunities, including volunteer work and internships in the sector as well as case studies presented by the organisation. This will then be followed by a Q&A session.