Helping Millions Help Themselves MicroBikeUSA Tyler Heishman Fred Piumelli Bryan Stinchfield April 29, 2008 Microfinance.

Presentación del tema: "Helping Millions Help Themselves MicroBikeUSA Tyler Heishman Fred Piumelli Bryan Stinchfield April 29, 2008 Microfinance."— Transcripción de la presentación:

1 Helping Millions Help Themselves MicroBikeUSA Tyler Heishman Fred Piumelli Bryan Stinchfield April 29, 2008 Microfinance

2 Meet Clara Hernandez  Started vegetable stand  "This business was a result of pure necessity“  Took $250 loan from Compartamos  "We needed capital to expand and buy more produce, but we had nothing left to invest," says Clara.  Business transformed over 3 loans

3 Enabling Dignity through Profits  Microentrepreneurs have strong business ideas  Small loans are needed to finance growth  No bank loans  moneylenders  poverty trap  Dignity through lending

4 Microfinance Today  2006 Nobel Peace Prize  2005 "International Year of Microfinance"  Total Active Borrowers: Over 57 million*  Total Loan Portfolio (USD): Over $25 Billion* * www.MixMarket.org

5 ACCION’s Vision  Addressing capital inadequacy  Attracting capital through investments  Attaining scale

6 Over 35 Partners in 25 Countries Americas Argentina Bolivia Brazil (2) Colombia (5) Ecuador (3) El Salvador (2) Guatemala Haiti Honduras Mexico (2) Nicaragua Paraguay (2) Peru United States Venezuela Africa Benin Mozambique Nigeria Tanzania Uganda Tanzania Zimbabwe Asia India China

7 Michael Delorenzo Tyler Heishman Keith Kolakowski Frederick Piumelli Bryan Stinchfield James Watson COMING SUMMER 2008

8 Carrying Our Lives on Bikes

9 Can a $35 Loan End Poverty?  Microfinance enables dignity  High repayment allows operational sustainability  Approaching the tipping point  What will you do to help?

10 www.microbikeusa.com microbikeusa@gmail.com Tyler Heishman: heishma_tyle@bentley.edu Fred Piumelli: piumell_fred@bentley.edu Bryan Stinchfield: stinchf_bry@bentley.edu Questions and Discussion