Mentor: Dr. John Hedemen
Due to their inability to take risks, their strict financial constraints, and limited leadership capabilities, nonprofits have been in the shadows of successful for-profit businesses. Microfinancing has emerged as a way to combat these barriers while maintaining economic incentives. This presentation will focus on what microfinancing is, how it can generate sustainable growth, and why it is important for disadvantaged communities. By connecting impoverished people to financial services, microfinancing has proven to be both socially conscious and economically beneficial.