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1017 - 1 Innovations in Financing the Poor: The Role of...

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1 Innovations in Financing the Poor: The Role of Rising Academics in Microenterprise Warner Woodworth Professor, Marriott School Brigham Young University Harvard University, April 10, 2003
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2 THE UNIVERSITY AS INCUBATOR OF MICROCREDIT STRATEGIES BYU AS A CASE STUDY Focus: Facilitate development of students as international public entrepreneurs Use academic work to better the world Design action research methods Apply concepts/theories to human problems Empower students as global change agents Foster microcredit and microentrepreneurship, as well as train individuals in nonprofit and humanitarian skills
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3 International Strengths at Brigham Young University BYU’s international uniqueness may be different than a lot of colleges or universities based on the following factors: Students from 130 countries 72% speak a second language BYU teaches over 60 languages on campus verses the second most diverse course offerings being those of Yale with only 25 languages being offered BYU also has the largest study abroad program of any U.S. university – more students than other schools going overseas Over half of BYU’s student body of 30,000 people have lived abroad for two or more years . . . Mostly as Mormon missionaries They become fluent in the language They understand and appreciate the culture They love the people The combined results of the above factors suggest this is an important distinctive competence.
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4 Past Programs to Empower Students as Global Change Agents 14 Years: Training over 300 students and sending them off to combat world poverty and create greater economic justice among marginalized communities 11 Years: Developing new courses or classroom modules in public entrepreneurship, systems of microcredit, NGO management, Third World development, social stewardship, integration of Laubach Literacy with microcredit, and grassroots consulting skills 5 Years: Marriott School Committee to Alleviate Family Poverty (network of faculty, students and area business executives that plans programs and projects) 6 Years: Annual Conference on Microenterprise Development (average attendance of 1,200 individuals)
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5 Example of BYU’s Annual Conference Please join us at our 6th Annual Conference. The conference begins with an opening ceremony Thursday evening, 13 March, followed by two days of breakout sessions. We invite you to come learn, discuss, and network with individuals and organizations making a difference. Dates: 13 March 2003—Opening Ceremony 14–15 March 2003—Conference Theme: Sustainable Strategies for Building Economic Self-Reliance Location: Wilkinson Student Center Brigham Young University Provo, Utah Featuring: Four tracks of workshops, research and presentations highlighting microenterprise and other development innovations. Tracks: Research Symposium, Research Papers and Presentations on "Linking MFIs to Capital Markets
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1017 - 1 Innovations in Financing the Poor: The Role of...

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