Microfinance is an innovative strategy for poverty alleviation in developing countries that provides financial services for the economically active poor. Nearly three billion poor people lack access to basic financial services. The best anti-poverty strategies are those that recognize the power that people have to improve their lives. Access to financial services – whether in the form of savings, credit, money transfers or insurance – is a fundamental tool for improving a family’s productive capacity. When poor people have access to financial services, they invest in assets such as sending their children to school, seeking health care and more nutritious food, and building income-earning potential by investing in their own enterprises.
Undergraduate course offered by the Department of Economics each spring—Eco 203, Microfinance (3 credits)
Interdisciplinary lecture series featuring leading microfinance practitioners and scholars
This program is a 10-day travel experience visiting microfinance institutions in different global regions. Faculty and students have traveled to Honduras, Peru, Ghana, Cambodia, Zambia and Kenya.
Teams of students collaborate on innovative technology development projects in partnership with microfinance institutions abroad.
Students have a vibrant and active campus organization. Activities include online visits to microfinance organizations, fundraising for microfinance institutions in the developing world, assisting local microentrepreneurs to grow their business, and inviting practitioners to share their expertise and best practices on campus.
Research and Publications
The Program sponsors faculty and student research on the microfinance industry. The first scholarly volume of articles, “Moving Beyond Storytelling: Emerging Research in Microfinance,” outlines a multidisciplinary agenda for the field. Included are articles written by Lehigh faculty and other leading microfinance academics and practitioners. Additionally, Lehigh students collaborated with faculty in writing what is currently the only “Introduction to Microfinance” textbook targeted for undergraduates.
The Program hosts an ongoing series of workshops in targeted innovation needs areas in the microfinance industry. Recent workshop topics have included management information systems technologies, and the prospects for microfinance growth in Africa. Last spring, the Martindale Center co-organized a major international Microfinance industry workshop as a forum for microfinance industry professionals to come together to discuss the future of the industry, and to try to map the way forward. The workshop led to the publication of an industry White Paper written by the four co-organizers (Ira Lieberma, Lipam International, Paul DiLeo and Anna Kanze, Grassroots Capital Management, Todd A. Watkins, Executive Director of the Martindale Center for the Study of Private Enterprise), examining the key questions discussed at workshop, and the lessons that can be extracted for microfinance and impact investing, more broadly. The workshop also led to a series of blogs. Links below.
Spring 2017 Industry Workshop
The Microfinance Industry: Revolution or Footnote? Lessons for the Next 10 Years
An international microfinance industry workshop, hosted and co-produced by The Martindale Center, Calmeadow and the Center for Financial Inclusion, and Lipam International.
- Workshop Overview (PDF)
- Workshop Program (PDF)
- White Paper - "Revolution or Footnote?" (English)
- White Paper - "Microfinanzas: ¿Revolución o Nota al Pie?” (Espagnol)
- Post Workshop Blog Series:
-Microfinance Is Dead; Long Live Microfinance!
-Time to Ditch Impact Investing’s Unproductive Self-Analysis
-Can MFIs Deliver What Poor People Need?
-FinTech in Microfinance: In Search of the High Tech – High Touch Unicorn
- Workshop Videos:
|Panel 1||Panel 2||Panel 3||Panel 4||Panel 5|
|Regional Development of Microfinance||Product
|New Entrants and Competitive Challenges||Financial Inclusion
and Impact Investing
|Successes, Vulnerabilities and the Next Ten Years|
With thanks to our Workshop sponsors and co-organizers:
Contact us firstname.lastname@example.org