Tuesday, February 19, 2008

February 20 Microfinance in the Developing World

TiE is The Indus Entrepreneurs, also known as Talent Ideas and Enterprise. Not limited in membership to the Asian Indian Diaspora, TiE is a network of entrepreneurs and investors, which is how jobs are created. TiE started in Silicon Valley, home to many garage band startups, such as HP, Apple, Google. Maybe you have heard of them. (This carpet store played an interesting role too) But entrepreneurship also includes your friend's Etsy, shop, web design business. In that vein, microfinance is the business of making small loans to individuals in developing countries. A noted example is the Grameen Bank founded by Muhammad Yunus, who was awarded the Nobel Peace prize for it. Grameen Phone, an offshoot of the Grameen Bank operates by the same model. Mix microfinance with Hernando de Soto's ideas and you have a powerful combination.

Tonight TiE Oregon presents Chris Brookfield from UNITUS which bankrolls microfinance. He will discuss the microfinance world, its impact on poverty and creating self sustaining microfinance networks. Details at TiE.

PSU 310 S.W Lincoln Street. 6PM-9. $10-$35 - see the website for details