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!

 

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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.

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

 

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!

“Financial Inclusion versus Microfinance” Presented by LendwithCare

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Thank you for coming to our second event of the year! Unfortunately one of the speakers had to go on an emergency business trip so we were only able to have one of the speakers, Nancy Thomas, explain to us about the work done by LendwithCare.

We hope that you found the presentation about the work done by LendwithCare, with the help of Care Internatioanl UK, and how their work as a microfinance institution differs from others. One interesting part of LendwithCare’s work was that the did not charge interest rates to the local microfinance institutions, so the local organisations could charge lower interests to the borrowers.

We hope to see you again in our next event!

‘Is Charity a Waste of Money?’ – Introduction to Microfinance by Yuan Potts

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Thank you to everyone who came to our first speakers event! We hope you have found Yuan Potts’ talk helpful as a short introduction to Microfinance. In particular, Yuan’s stories of his experience as a Kiva fellow in Cameroon has really shown us how access to even a small amount of funds could  help change people’s lives and allow them to gain financial empowerment.

We hope to see you soon in our next talk on ‘Financial Inclusion vs. Microfinance’ by Lend with Care.

First Meet & Greet Session!

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Thank you to everyone who came to our meet & great session! We hope you have found the information helpful and will be joining us in our future events and participate in the Initiative. We would also love to have you on our team! Link to the short application form can be found here, the deadline has been extended to 23:59 Saturday, 10 October 2015. Looking forward to receiving your applications!