July 12, 2024

Month of Microfinance Starts in April

The 2012 Month of Microfinance, based at the University of Mary Washington, will make its national debut this April at dozens of college campuses across the country.

The Month of Microfinance, a coalition of student-led and student-focused organizations dedicated to microfinance, is led by the founders of TDC and includes seven collegiate microfinance clubs: La Ceiba, MFI Connect, Campus MFI, Penn Microfinance, The Phoenix Fund and High School Kiva. With 42 partners, including, Kiva, Opportunity International, Accion USA, BRAC USA and Grameen America, the national movement is growing.

During April, students at participating colleges, universities and high schools will host and participate in campus events related to microfinance for increased awareness and fundraising. Each student-hosted event will focus on the definition of microfinance, the groups that benefit from microfinance and the relationship between client-centered and profit driven microfinance.

“I think it is fair to say that a significant number of microfinance practitioners are asking themselves some tough questions today: Are we value-driven or profit-driven? Are we a movement or an industry?” said Shawn Humphrey, associate professor of economics at the University of Mary Washington and founder of TDC. “By claiming the month of April for microfinance clients around the world, the student microfinance movement will bring attention to the importance of client-centered microfinance. In this approach, the well-being of the clients of microfinance is paramount.”

For details about Month of Microfinance goals and activities, read the press release from Monday, March 12. The group hopes to have 1,000 followers on Facebook by April 1.

About Brynn Boyer

Brynn Boyer is assistant director of media and public relations and a 2010 graduate of UMW.


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