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Three Team designs for New MFI Start-ups Bus. Mgt. 490R

Three Team designs for New MFI Start-ups Bus. Mgt. 490R. In-class Exercise & Presentations Feb. 21, 2012. PARAGUAY MICROFINANCE. Group 3: Nasa , Rebecca, Liz, Phoebe, Hugh, Carri , . How would we develop a new microfinance with $20,000?. Targeting the rural, landless poor

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Three Team designs for New MFI Start-ups Bus. Mgt. 490R

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  1. Three Team designs for New MFI Start-upsBus. Mgt. 490R In-class Exercise & Presentations Feb. 21, 2012

  2. PARAGUAY MICROFINANCE Group 3: Nasa, Rebecca, Liz, Phoebe, Hugh, Carri,

  3. How would we develop a new microfinance with $20,000? Targeting the rural, landless poor 19% of Paraguayan live in extreme poverty Of that, 71% live in Rural areas 30% of those are landless

  4. How to connect with people What are the existing social networks… -Start with people that have a social network -Are there established market networks? -Work with marketing networks that are already established

  5. Use a director that is native to the country. We want someone that is already familiar. Have the “country director” or person in charge of the bank search for those in need. Country director also administers the loan and training.

  6. Two different types of loans Solidarity Groups: Similar to the traditional model where they get a loan as a group. Individual Loans: Individuals get loans, meet with loan officer to determine payments etc… -They still meet together for training and meetings with others getting loans. -These loans provide more autonomy and motivation

  7. Flexible Repayments -Make sure that you have dates that are chosen by the person. Ex. Repay after harvest -Make smaller payments on a schedule -Rigidity within the flexibility

  8. Training and Logistics -Those getting loans would come together at a scheduled time -Individuals would share their business plans and support one another. -Hardship Tokens: Each person would get two tokens that they could give turn in at the time of a loan payment to ask for time. Those tokens would be used if their was a disaster or problem and the individual didn’t make enough money.

  9. Mini Grameen A new MFI in India Jennifer Brito Lance Stanley lindsay Dayton Zachary Pinkston Ava Huang Lin Liyun

  10. The Beginning • Develop voluntary fundraising team at BYU. • Posters advertising • India contacts: • Church • Bureaucratic HQ’s to contact individuals applying for loans • Approximately 5000 within first 6 months for loans.

  11. Similarities • Solidarity groups of 5 women • First Loan: Approximate Max. amount 100US • Interest Rate 24 APR • Term 12 months with some exception

  12. Differences • Term: Monthly required payment with flexibility

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