Last week I spoke to a class of about 25 undergraduate business students at the Haas School of Business at UC Berkeley. Two main topics that we covered: 1) how to establish a for-profit private MFI; and 2) careers in the micro-finance industry. We only had one hour to get through a lot of material.
We spent the first 30 minutes on the ins and outs of what it took to establish Prisma Microfinance in Central America - funding, human resources, legal, operations, loans, sales and marketing, delinquencies, defaults, and the high cost of delivering micro-credit.
During the second half, we covered academic preparation in accounting, finance, foreign languages and marketing. This was followed by areas of opportunities for internships, global micro-capital funds, and where jobs are posted.
It was fast, but rewarding to spend some time with bright young students and the chance to donate some time and expertise to my alma mater - UC Berkeley. Go Bears!!!! Thanks to Emily, Nikita, and Tiffany for the invitation.
After the class I walked over to the Bancroft Hotel across from the campus to attend a late reception and dinner for Ann Veneman, Director of UNICEF and former Secretary of Agriculture. The event was sponsored by the Goldman School of Public Policy.