Los Angeles Microfinance Network

Fighting poverty in the world


Posted by microfinance on February 24, 2012


Yes, the rumors are true…

Our first Monthly Microfinance Mixer will be held this coming WEDNESDAY, FEBRUARY 29th from 6 PM – 9 PM at the Happy Ending Bar & Grill on Sunset Boulevard.

This is a great opportunity to come de-stress after a long work day, enjoy a few drinks, and mingle with others who are just as passionate and interested in Microfinance as you are. We get Happy Hour food and drink specials for the duration, and this just so happens to be one of the only places on Sunset Boulevard WITH PARKING!!!

RSVP here: http://lamnfebruary.eventbrite.com


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The Vision of Dr. Muhammad Yunus

Posted by microfinance on February 16, 2012

The Los Angeles Microfinance Network is partnering with the Young Women Social Entrepreneurs of Los Angeles (YWSE LA)  for a movie night this Thursday, February 16th at 7:00 PM. We will be watching the award-winning film about Nobel Peace Prize laureate Dr. Muhammad Yunus and his work confronting poverty with the concepts of microcredit and social business – and how these ideas are empowering women.

More details about the film can be found here: http://bonsaimovie.com/

The screening will be held at:
The Laemmle NoHo 7
5240 Lankershim Blvd
North Hollywood, CA 91601

Again, the movie starts at 7 PM, and we’ll probably all grab a drink/snack afterwards. 

And stay tuned for LAMN’s upcoming networking event in the coming weeks!

All the best,
Raheem Parpia

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Leadership Opportunities with LAMN

Posted by raheemparpia on January 8, 2012

Hello all,

I know you all have been anxiously waiting for the Los Angeles Microfinance Network (LAMN) to get the ball rolling, and I am happy to report that that time has come!

LAMN will be kicking off 2012 with a bang; we will be recruiting a Leadership Board and holding Monthly Microfinance Mixers from February onwards. We are striving for at least 2 speaker events this year, as well as seeking local opportunities to volunteer and extend our helping hand so to empower the Los Angeles community.

It is important to note that the leadership positions do not carry with them an overwhelming burden. Rather, duties will be delegated and you will be held accountable for your responsibilities. LAMN is rather pliable at the moment, what I mean is that it is a work-in-progress, and what THAT means is that it can be whatever we all have the determination to turn it into. We are seeking the creative ones, the ambitious ones, and of course those with an unwavering passion for Microfinance.

Applications can be found here: LAMN_Leadership_Board_Application or if that does not work, just request one via e-mail to lamicrofinance@gmail.com. The application deadline is Sunday, January 22nd at 11:59 PM. Applications should be submitted to lamicrofinance@gmail.com.

Looking forward to a great new year!


Raheem Parpia

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Mid-2011 Welcome!

Posted by microfinance on July 19, 2011


The Los Angeles Microfinance Network (LAMN) is officially jumpstarting itself into action.

LAMN is a resource for all those in the Los Angeles community who are interested in Microfinance. We stand as a volunteer organization that will increasingly provide outlets for those seeking to be involved in microfinance, to learn more about it (from core tenets to current criticisms), to engage the LA community with it, and to raise awareness of it as a tool for empowerment and eradicating poverty.

We will continue to provide regular speaking events and networking mixers so you can all connect with one another and ultimately bring a stronger presence of Microfinance to Southern California.



There will be a meeting in the coming months, so be on the look-out for the invite!

Raheem Parpia
New LAMN President


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ACCION’s 50th anniversary event in Los Angeles

Posted by microfinance on April 8, 2011

You are cordially invited to a cocktail reception at The Beach Club to celebrate ACCION’s 50th anniversary and the important contributions of supporters like you.

ACCION’s president & CEO, Michael Schlein, will share our vision for the future of microfinance based on ACCION’s 50-year track record of


THURSDAY, MAY 19, 2011, 6:30 – 9:00 PM
Please RSVP by May 12, 2011
Lindsey Gleason at lgleason@accion.org or
617.625.7080 x1400
Space is limited.


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InVenture One-Year Anniversary Party

Posted by krishna0701 on April 5, 2011

InVenture is hosting an anniversary party to celebrate the success of our first year and to give
a sneak peek of our new beta website.

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‘To Catch a Dollar’ Film Screening on March 31st at the Culver Stadium

Posted by krishna0701 on March 25, 2011

Join the Los Angeles Microfinance Network for a special film screening of  ‘To Catch a Dollar: Muhammad Yunus Banks on America’  at the Culver Stadium on Thursday, March 31st from 7:30 – 9:30 p.m.

The screening will include an in-depth panel discussion about innovative solutions to today’s financial challenges moderated by CNBC’s Maria Bartiromo featuring Nobel Laureate Muhammad Yunus with special guests Financial Powerhouse Suze Orman and Kiva.org President Premal Shah. Appearances by Hugh Jackman, Matt Damon, Robert DeNiro and many more.

Pledge to see the film and watch the trailer at:

Tickets are $11.75 and can be purchased at:

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YAO LA Spring Swing Event

Posted by krishna0701 on March 15, 2011

Come join us for YAO’s Spring Swing Event on Saturday April 2 at 8PM at The Olympic Collection Banquet Center

We’ll be providing free swing dance instruction, great music, the opportunity to meet new people and win fun prizes!

Also, you’ll hear stories of hope from an international guest speaker from Uganda.

Tickets are $20 online or $25 at the door. Proceeds will go to our microfinance clients.

For more information and to buy tickets go to http://www.opportunity.org/young-ambassadors-for-opportunity/events/spring-swing/

We look forward to seeing you there!
Date: Saturday, April 2 at 8:00pm
Location: The Olympic Collection Banquet Center, 11301 Olympic Blvd., Los Angeles, CA 90064
About YAO-LA: Young Ambassadors for Opportunity (YAO) is a network of passionate, globally-minded young professionals who are dedicated to alleviating poverty through microfinance, with a special focus on supporting Opportunity International’s http://www.opportunity.org/ work in Tanzania. Young ambassadors inspire, educate and involve others in the work of Opportunity International.

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The Battle for Grameen

Posted by krishna0701 on March 10, 2011

Attacks on the sainted Muhammad Yunus escalate

Mar 3rd 2011 | from the Economist print edition

FIRST, trenchant criticism. Late last year Bangladesh’s prime minister, Sheikh Hasina, accused Muhammad Yunus, the founder and managing director of Grameen, the world’s best-known microfinance institution, of playing “a trick” to evade taxes. Then, broad hints that Mr Yunus might consider quitting: “At 70, Professor Yunus is five years beyond the retirement-age limit for bank managing directors in Bangladesh,” the finance minister said in February. Now, direct action. The country’s central bank wrote to Grameen’s board on March 2nd, informing it that Mr Yunus had been “relieved of his responsibilities as managing director of Grameen”.

read the rest of the article here:


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Microfinance USA 2011 in New York City this May 23 -24

Posted by krishna0701 on February 5, 2011

ACCION USA, Opportunity Fund, and Kiva bring you the Microfinance USA 2011 Conference this May 23-24 in New York City!

If you’re a microfinance enthusiast, this conference is not to be missed. Microfinance USA provides a unique setting for networking and learning from the industry’s top practitioners, funders, and researchers.
Over two days, you can:

  • Attended plenary sessions and panels led by the nation’s leading microfinance voices.
  • Experience microfinance first-hand by touring local microenterprises in New York.
  • Debate current microfinance topics during small group sessions and networking dinners.
  • Network with the leading practitioners and researchers in the U.S. microfinance field.

Topics at this year’s conference include:

  • What IS microfinance? – debating and defining our terminology
  • Social Entrepreneurship and Microfinance
  • Student-Powered Microfinance Institutions: How Does it Work?

To see this year’s agenda and to learn more, visit:www.microfinanceusaconference.org


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Spring 2011 Introductory Course on Microfinance

Posted by krishna0701 on February 5, 2011

‘Financial Services for the Poor’ Professional Training Programme

Spring 2011 Introductory Course on Microfinance

Organized by Alliance Forum Foundation, BRAC University

The ‘Financial Services for the Poor’ Professional Training Programme will be held in Bangladesh from April 22nd to May 4th 2011. This unique course combines classroom instruction and lectures with observational visits to microfinance institutions (MFI) in the field to provide participants with a holistic understanding of microfinance grounded in the experience of Bangladesh.

The ten day course will be lead by Dr. Syed M. Hashemi, Director of the Development Institute of BRAC University and Senior Microfinance Specialist of CGAP (Consultative Group to Assist the Poor), as well as, leading practitioners and academics from across the field of microfinance. Observational visits will be made to a number of NGOs including BRAC, Grameen Bank, SafeSave, and ASA for participants to better understand microfinance in practice.

The course fee of $2,700 includes tuition, lodging, local transportation to field visits, and course materials. Airfare, visa costs, fuel surcharge, etc. are not included and participants are responsible for arranging their own travel to Bangladesh.

Course participation is limited to around 20 participants. Highly motivated individuals with a strong interest in pursuing a career in international development or microfinance should apply by the February 19th 2011 deadline.

For further information or to download an application form, please visit: http://www.allianceforum.org/en/mfinfo_en.html

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Sacrificing Microcredit for Megaprofits by Muhammad Yunus

Posted by rhsharma on January 15, 2011


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This week in microfinance

Posted by krishna0701 on December 13, 2010

As many of you know, there has been a lot of press coverage on SKS Microfinance and the regulatory role of the Reserve Bank of India.  Here are some noteworthy updates on this development


RBI to Weigh In on Microfinance Lending
Wall Street Journal
By SUBHADIP SIRCAR and NUPUR ACHARYA KOLKATA—The Reserve Bank of India will soon consult bankers to ensure lending by microfinance institutions isn’t 
See all stories on this topic »

Microfinance pioneer Yunus criticises Indian lenders
DHAKA — Bangladeshi microfinance pioneer Muhammad Yunus on Sunday attacked companies for “misusing and abusing” his original concept of helping poor people 
See all stories on this topic »


Govt to review fund-raising by MFIs
Times of India
NEW DELHI: The government does not appear to be keen on unbridled growth of microfinanceinstitutions (MFIs) and wants a review of the fund-raising plans of 
See all stories on this topic »


Microfinance pioneer Yunus cleared in aid probe
DHAKA — Microfinance pioneer Grameen Bank on Wednesday welcomed a report by Norway that cleared its founder Muhammad Yunus of misusing aid money, 
See all stories on this topic »


Microfinance Loses its Wall Street Luster
Microfinance refers to the provision of tiny loans to poor people in third world countries. Though interest rates can climb beyond 100% in certain cases, 
See all stories on this topic »


Microfinance: Is Grameen Founder Muhammad Yunus a Bloodsucker of the Poor?
Wall Street Journal (blog)
has achieved celebrity status on The Simpsons and acclaim for efforts to alleviate poverty throughmicrofinance–small loans–to the poor in Bangladesh. 
See all stories on this topic »


India Rocked By Microfinance Crisis
India’s nearly four billion dollar microfinance industry is facing collapse after politicians in one of the country’s largest states called on borrowers to 
See all stories on this topic »


India’s Microfinance Blues
Last month’s $221 million rescue loan to a group of troubled Indian microfinance companies—with some $2 billion on the line, nearly eight of 10 borrowers 
See all stories on this topic »


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Underwriting webinar through Accion and Opportunity Fund on Dec 1, 2010

Posted by krishna0701 on November 25, 2010

Hear from senior loan underwriters at two of the nation’s leading microlenders. In anticipation of the Microfinance USA 2011 Conference, please join Neil Boss, Senior Underwriter at ACCION USA and William Cardenas, Senior Loan Consultant at Opportunity Fund for an early pre-conference Webinar. Boss and Cardenas will present case studies on recent loan approvals that exhibit common strengths and weaknesses, and each will discuss some of the internal processes (and the evolution of processes) that have lead to improved and quicker loan decisions. There will be 15 minutes for Q&A with webinar participants. Join us to see microfinance from the inside!

Click the following link to learn more



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Kickoff to Global Entrepreneurship Week happening TONIGHT, 11/10/2010

Posted by krishna0701 on November 10, 2010

An invitation from our friends at the InVenture Fund…

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Local students or campuses interested in the Berkeley Microfinance Simulcast

Posted by krishna0701 on November 7, 2010

The Berkeley Microfinance Simulcast is a live webcasted microfinance class offered at top colleges and universities in the United States.

Basically, all we need is a local campus contact willing to organize a room on campus, market the class to students to put in the room, and then show up for class and manage the chat room.  You can pursue campus credit for the class if you want, or treat it as a student run effort.  Our 50 campuses are all over the map.  This is a grass-roots effort, so we’re not picky as long as we reach students.

1) email sfoote@alethion.com and Julen Baztarrica julen_baztarrica@mba.berkeley.edu with your contact information and your willingness.  Congratulations!  you are now a Campus Coordinator.
2) find a classroom with an internet connection (hardwired) and projector.
3) participate in a technology test to make sure it’s working (sometime in September)
4) market the class to your campus (consistent with whatever timing works for your campus)
5) Join in on the first day!

“In addition to lectures from me, Sean Foote, you also get speakers.  Prior speakers have included the heads of Grameen, Compartamos, Kiva.org, Microplace, UNITUS, Freedom From Hunger, Prisma Microfinance, Elevar Capital . . . . “

If you’re in the class, make sure to join the Berkeley Microfinance Group to interact with classmates, participate in discussions, and access course documents.

more information: http://www.mficonnect.com/page/berkeley-microfinance

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Microfinance Networking Night ~ November 2, 2010

Posted by krishna0701 on October 22, 2010

Microfinance Networking Night

Join us for some food, drinks, and networking hosted by the Los Angeles Microfinance Network, InVenture, and Wokai at Happy Endings in West LA

When: Tuesday, Nov 2, 2010 from 7pm to 10pm

Where: Happy Endings Bar & Restaurant

7038 West Sunset Boulevard
Hollywood, CA 90028


InVenture is the first online platform enabling individuals to invest directly in business owners in developing communities. Our mission is to empower business owners across the globe to lift themselves and their communities out of poverty


Wokai is the first person-to-person internet platform that allows you to provide rural entrepreneurs in China with loan capital. You choose the borrower you want to support, make a tax-deductible contribution, and watch their repayments and progress over time.

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Pepperdine University Convocation with guest speaker from Opportunity International

Posted by leecrystale on October 19, 2010

Pepperdine University Convocation with guest speaker from Opportunity International

Learn more about the impact of microfinance as a working solution to global poverty. Opportunity International microfinance organization with guest speaker Susan Chunda, Opportunity banker in Malawi, will be discussing innovative and sustainable microfinance projects that work towards alleviating chronic poverty.


Tuesday, Nov 16, 2010



Pepperdine University, Elkins Auditorium

24255 Pacific Coast Highway, Malibu, CA 90263

*Please note that parking is on first come first serve basis. We recommend arriving early in order to secure a spot.

Bring a friend and hope to see you there!


the YAO LA Chapter

Learn More:



Guest Speaker Bio:

Susan Chunda joined Opportunity International Bank of Malawi (OIBM) in 2008 as a Micro Banking Loan Officer and was later promoted to a Small Medium Enterprise (SME) Officer. She currently manages a portfolio of 55 clients valued at 39 million Malawian kwacha (over $250,000 US dollars) with 0% average portfolio at risk (PAR). Susan was awarded a certificate of recognition as one of the best performers in SME loans during the first half of 2009. Susan “enjoys being a vessel of bringing knowledge and empowerment to active Malawians who are doing small scale business through giving out loans, business management advice and spiritual advice.” She attended MIREC College where she did computer programming and later went to ShareWorld Open University where she graduated with a diploma in Business Administration.


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Simpsons and Microfinance

Posted by rhsharma on October 7, 2010

Last Sunday’s Simpsons had a microfinance themed episode featuring Mohammad Yunus.
Catch it here if you missed it: http://www.hulu.com/watch/181121/the-simpsons-loan-a-lisa

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Online Event: Microfinance and Health Oct 5,6

Posted by rhsharma on October 5, 2010

Please join us October 5-6 for an online Speakers Corner discussion, “Why Integrate Microfinance and Health Services?”. This activity is hosted jointly by the USAID Microenterprise Development office and facilitated by Freedom from Hunger and the Microcredit Summit Campaign. Visit www.microlinks.org/mfhealth to join the discussion!

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