Introduction to Microfinance

This course will provide students with an understanding of the structure and theevolution of the microfinance industry, the products and services offered in the industry, how capital markets and non-traditional capital sources fund microfinance institutions (MFIs) and support the industry, and how investors perceive and evaluate microfinance investments. This course builds on a widerange of topics and concepts covered in the prerequisite economics, corporate finance, and investment courses, and integrates them with a global financial markets (MFI country context and impact on global funding sources), and ethical issues (fair lending practices, client education) perspective. Through guestspeakers and a field visit experience, participants will learn from individuals and organizations engaged in microfinance. Students will also be exposed to various opportunities to volunteer or work in the microfinance industry in the New York City area.