Last night, I spoke to 30 members of the international business society - Delta Phi Epsilon. They wanted to know about what it takes to establish a new MFI overseas - personnel needs, finding loan funds, granting loans, controlling delinquency and defaults, savings, and so forth. I also gave them a rundown on how to find jobs in the industry when first starting out. Not an easy task, but possible.
The lack of mainstream foreign language fluency (Russian, French, Spanish, Mandarin) seems to be an obstacle for many who want to enter the field. However, it was a most enjoyable evening for me to spend some time with members of the next generation of social entrepreneurs.
It's official. Orbelina Valeriano is now Prisma Microfinance, Inc.'s new President. She has full responsibility for our Honduras Division and represents Prisma in all associational and legal affairs in Central America. I have taken over as Chairman of the Board and CEO of Prisma Microfinance, Inc.
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