Microfinance in the Classroom
In Ghiyath Nakshbendi’s “Microfinance & Global Business Development” class, his students are hands-on. They make microloans through Kiva, a popular online organization that provides small loans to entrepreneurs around the globe. They browse loan requests, donate, and track loan progress online, and the organization’s on-the-ground partners—called “Field Partners”—distribute the loans directly to the recipients.
Nakshbendi’s class has made microloans to four entrepreneurs in total—three in 2010 and one in 2008—and boasts a zero percent delinquency rate. An executive-in-residence in Kogod’s International Business department, Nakshbendi brings his background in developmental finance in the Middle East and North Africa to the Kogod course.