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MICROFINANCE & SOCIAL ENTREPRENEURSHIP X12.9189 SYLLABUS FALL 2008

Septembe 22 ! "e#embe 1 Ste$e% '(e)eM'%(*+, -/ ! 82 pm Em* ,m31-4%+5.e(5L'#*t'% S$e B5(%3 P6'%e 917 70 21-100 *,6%3t'% S:5*e E*,t O;;#e H'5, B+ App'%tme%tC*,,''m 12 

M#';%*%#e & S'#* E%tepe%e5,6p

COURSE OB<ECTI=ES

Microfinance has expanded dramatically since the first, group-based loans were made by thesocial entrepreneur Muhammad Yunus to women in Bangladesh in 1976 !on-profit and for-profitmicrofinance institutions now compete in the global capital mar"ets Microfinance hassuccessfully demonstrated how social entrepreneurs can brea" down the boundaries betweenphilanthropy and in#estment by deli#ering financial returns and social benefits $fter anintroduction to the "ey concepts and structures of the field, we will loo" at the history of themicrofinance mo#ement and the important role that social entrepreneurs ha#e played in it %ewill then turn to a series of case studies in which social entrepreneurs from around the world use

mar"et principles to address issues such as health, the en#ironment, education, and housing

&he course will include lectures, guest spea"ers, class discussion, web-based #ideos andpodcasts, case studies, and a final presentation and paper &he re'uired texts will be a#ailablefor sale at the !Y( Boo"store as well as on course reser#e at the Bobst )ibrary &he readingswill be posted on Blac"board

COURSE RE>UIREMENTS TO RECEI=E A RA"E

1 $ttend at least * of the 1+ classes ubmit notes on wee"ly readings #ia email prior to each class. /articipate in class discussions0 %rite -7 page social in#estment analysis describing an inno#ati#e pro2ect or organi3ation

and present it to the class &he papers will be due on !o#ember 0th with brief presentationson 4ecember 1st

&he grades will be based on the paper and presentation 56+, wee"ly notes 5+ andclass participation 5+

 !ote on 8ertificate in lobal $ffairs:

&he 8ertificate in lobal $ffairs offers a solid foundation in global affairs, as well as a tool forunderstanding a world that is constantly changing $ comprehensi#e curriculum pro#idesstudents with:; $n in-depth understanding of political de#elopments and alignments since the end of %orld %ar<<, with special emphasis on the post-cold war=; $ basic grasp of factors, such as trade politics, the role of multinationals, economic strategies ofde#eloping countries, and the economic integration, that shape today>s economy and influence

international relations= and; ?amiliarity with international and non-go#ernmental organi3ations, international law, and thenew and e#ol#ing procedures for dealing with international disputes and intrastate ci#il wars

&he certificate is comprised of six lobal $ffairs courses- two re'uired 5<nternational @elations inthe /ost %orld %ar << Ara-191+ and &he /olitics of <nternational Aconomic @elations-191 and four electi#es rades must be re'uested in all courses used towards thecertificate and completed with a grade of B or better /lease tell me by Cctober 6th if you wish tota"e this course for an e#aluati#e grade

1

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MICROFINANCE & SOCIAL ENTREPRENEURSHIP X12.9189 SYLLABUS FALL 2008

RE>UIRE" TEXTS ?A$**be % B''),t'e *%( '% Re,e$e *t B'b,t Lb*+@

Bornstein, 4a#id, Dow to 8hange the %orld: ocial Antrepreneurs and the /ower of !ew <deas,Cxford (ni#ersity /ress, ++0

/rahalad, 8E, &he ?ortune at the Bottom of the /yramid, %harton chool /ublishing, ++6

Yunus, Muhammad, Ban"er to the /oor F Micro-)ending and the Battle $gainst %orld /o#erty,/ublic $ffairs, ++.

SCHE"ULE OF SESSIONS

ee) 1 Septembe 22

INTRO"UCTION TO THE CITIEN SECTOR

Re:5e( Re*(%3,

Bornstein, 4a#id, GDow to 8hange the %orld: ocial Antrepreneurs and the /ower of !ew <deas,HCxford (ni#ersity /ress, ++0 8hapter 1 and 8hapter 1

4ees, I regory, G&he Meaning of ocial Antrepreneurship,H Cctober .1, 199*, ?1@ Note:Number after each article corresponds to that article’s Course Document number onBlackboard.)

Martin, @oger ) and ally Csberg, Gocial Antrepreneurship: &he 8ase for 4efinition,H tanfordocial <nno#ation @e#iew, pring ++7 510

Eristof, !icholas, 4o-ooders with preadsheets, !ew Yor" &imes, Ianuary .+, ++7 5*

Broo"s, 4a#id, G&horoughly Modern 4o-ooders,H !ew Yor" &imes, Cp-Ad, March 1, ++* 56

A((t'%* Re*(%3,

@e#iew !Y( @eynolds /rogram on ocial Antrepreneurship %ebsite:5http:JJwwwnyueduJreynoldsJindexflashhtml

4ruc"er, /eter ?, G&he $ge of ocial &ransformation,H &he $tlantic Monthly, !o#ember 1990, .-*+, 5

Bill 8linton <nter#iew, ?inancial &imes, Iune 19, ++ 51.

ee) 2 ! Septembe 29

INTRO"UCTION TO MICROFINANCE

Re:5e( Re*(%3,

Yunus, Muhammad, Ban"er to the /oor F Micro-)ending and the Battle $gainst %orld /o#erty,8hapters .-*=11

/rahalad, 8E, &he ?ortune at the Bottom of the /yramid, <8<8< 8ase tudy, pg 11

2

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MICROFINANCE & SOCIAL ENTREPRENEURSHIP X12.9189 SYLLABUS FALL 2008

<nter#iew with Muhammad Yunus: &he )eonard )opate how: $ More Dumane Eind of8apitalism 5Ianuary ., ++*  http:JJwwwwnycorgJgopyKrLhttp.$JJwwwwnycorgJshowsJlopateJepisodesJ++*J+1J..segment9**

A((t'%* Re*(%3,

&aylor, 4iana, G&he 8ompelling @ole of /ri#ate ector <n#estment for ?inancial <nclusion,HEeynote $ddress at $ccion>s Microfinance 8rac"ing the 8apital Mar"ets 8onference, March++* 5*

8$/ F Eey /rinciples of Microfinance 51

EE ! O#t'be -

CURRENT STATE OF MICROFINANCE

5e,t Spe*)e,

@oger ?ran", Managing 4irector, 4e#eloping %orld Mar"ets 5wwwdwmar"etscom

Re:5e( Re*(%3,

G4oing ood by 4oing ery !icely <ndeed,H &he Aconomist, Iune 6, ++* 5.+

8ompartamos Banco,H$ )etter to Cur /eers,H ++* 5.1

Bruc", 8onnie, GMillions for Millions,H &he !ew Yor"er, Cctober ., ++6, pg 6-7.,http:JJwwwnewyor"ercomJarchi#eJ++6J1+J.+J+61+.+faNfact1 517

Earnani, $neel, GMicrofinance Misses its Mar",H tanford ocial <nno#ation @e#iew, ummer,++7 51+

usan 4a#is 5rameen ?oundation ($, @esponse to Earnani $rticle in tanford ocial<nno#ation @e#iew, ?all ++7 51*

urowiec"i, Iames, G%hat Microloans Miss,H &he !ew Yor"er, March 17, ++* 59

A((t'%* Re*(%3,

GMicrofinance 8rac"ing the 8apital Mar"ets <<<,H $ccion <nternational M?< 8onference, March++*, @e#iew %ebsite: http:JJwwwaccionorgJ!A&8CMM(!<&YJ/ageaspxKpidL9OsrcidL96

4iec"mann, @aimar, GMicrofinance: $n Amerging <n#estment Cpportunity, (niting ocial

<n#estment and ?inancial @eturns,H 4eutsche Ban" @esearch, 4ecember 19, ++7 516

Boudreaux, Earol and &yler 8owen, G&he Magic of Microcredit,H &he %ilson Puarterly 511

Yago, lenn et al, G&ransatlantic <nno#ations in $ffordable 8apital for MAs,H &he Mil"en <nstituteand &he erman Marshall ?und, ++7 519

G&he Didden %ealth of the /oor,H &he Aconomist, !o#ember , ++ 57

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MICROFINANCE & SOCIAL ENTREPRENEURSHIP X12.9189 SYLLABUS FALL 2008

O#t'be 1 ! COLUMBUS "AY NO CLASS

ee) / ! O#t'be 20

REENINEERIN PHILANTHROPY CHARITY OR IN=ESTMENTD

Re:5e( Re*(%3,

ode"e, te#en with 4oug Bauer, /hilanthropy>s !ew /assing ear: Mission-@elated <n#esting,@oc"efeller /hilanthropy $d#isors, ++* 8hpts 1-0 50

Mcray, 4ouglas, G!etwor" /hilanthropy,H )os $ngeles &imes, Ianuary 1, ++7 5+

ideo: (ganda: $ )ittle oes a )ong %ay, wwwflworldorg, ?rontline %orldhttp:JJwwwpbsorgJfrontlineworldJstoriesJuganda6+1J

@e#iew the /ress 8enter ection of the Ei#aorg %ebsite: www"i#aorg 

Eristof, !icholas, GYou &oo 8an Be $ Ban"er to the /oor,H !ew Yor" &imes, March 7, ++7 57

/rahalad, 8E, &he ?ortune at the Bottom of the /yramid, 8hapters 1-6

A((t'%* Re*(%3,

Google>s uru of i#ing,H &he Aconomist, Ianuary 17, ++* 51

&he Aconomist, G$ ?lourishing lum,H 4ecember , ++7 5

EE ! O#t'be 27

HEALTH CARE

Re:5e( Re*(%3

Bornstein, 4a#id, Dow to 8hange the %orld, 8hapter 19, GMorality Must March with8apacity, Iames rant: &e 8hild ur#i#al @e#olutionH

<nternational ?inance ?acility for <mmunisation /ri#ate /lacement Memorandum 59

oldman achs <n#ol#ement in $< $lliance and <nternational ?inance ?acility for<mmunisation wwwgscomJiffim

G&he ide Affects of 4oing ood,H &he Aconomist, ?ebruary 1, ++* 5

Malaria /$

EE - ! N'$embe

HOUSIN

5e,t Spe*)e

Delen !, Dousing /ortfolio Manager, $cumen ?und

/

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MICROFINANCE & SOCIAL ENTREPRENEURSHIP X12.9189 SYLLABUS FALL 2008

Re:5e( Re*(%3

Mexico 8ase tudy for 8AMA from Dar#ard Business chool 50

ode"e and Bauer, !ew Dampshire 8ommunity )oan ?und: Manufactured Dousing ?und 8asetudy, /ages 7.-70 50

EE 7 ! N'$embe 10

SOCIAL IMPACT MEASUREMENT ! HAT "OES IT MEAND FOR HOMD

Re:5e( Re*(%3

ode"e and Bauer, /hilanthropy>s !ew /assing ear, 8hapter 6 50

Iudith @odin, /resident of @oc"efeller ?oundations, #ideo with 8harlie @ose on uccessMeasureshttp:JJwwwcharlierosecomJshowsJ++7J+*JJJa-discussion-about-philanthropy

EE 8 ! N'$embe 17

E"UCATION

5e,t Spe*)e

Iames heridan, 4irector of 8orporate O ?oundation @elations<nstitute for tudent $chie#ement 5&B8

Re:5e( Re*(%3

%endy Eopp and &each for $merica, Dar#ard Business chool 8ase 0+6-1 5.

G$ Dard @ow to Doe, &eaching /oor 8hildren, 4oes the &each for $merica /rogramme @eally<mpro#e choolsKH &he Aconomist, Cctober 0, ++7 51

ates ?oundation %ebsite on Aducation trategy, wwwgatesfoundationorg

ideo: !epal: $ irl>s )ife, .;'(.'3  ?rontline %orld, Ma"ing @oom to @ead

GDow Many Billionaires 4oes <t &a"e to ?ix a chool ystemKH !ew Yor" &imes, March 9, ++*5.

EE 9 ! N'$embe 2/

PAPERS "UE

THE EN=IRONMENT AN" SUSTAINABILITY

5e,t Spe*)e

Bruce Eahn, 4eutsche Ban"

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MICROFINANCE & SOCIAL ENTREPRENEURSHIP X12.9189 SYLLABUS FALL 2008

Re:5e( Re*(%3,

AQ8o 8ase tudy from /rahalad, pp 1.7-10*

G<n#esting in ustainability: $n <nter#iew with $l ore and 4a#id Blood,H McEinsey Puarterly,May ++7 56

pecter, Michael, GBig ?oot,H &he !ew Yor"er, ?ebruary *, ++* 5

ideo: ?rontline%orld, outh$frica: the /lay /ump wwwflworldorg

ee) 10 "e#embe 1

PAPER PRESENTATIONS

A""ITIONAL COURSE RESOURCES

Collier, Paul, “The Bottom Billion: Why the Poorest Countries are Failing and What Can BeDone About It.”

Al"ington, Iohn and /amela Dartigan, G&he /ower of (nreasonable /eople, Dow ocialAntrepreneurs 8reate Mar"ets that 8hange the %orld, Dar#ard Business /ress,H ++*

mith, Philli! and "ri# Thurman, “A Billion Bootstra!s: $i#ro#redit, Bare%oot Ban&ing and theBusiness olution %or "nding Po'erty.”

tri#&land, Bill, $a&e the Im!ossible Possible.

Microfinance ateway: 5http:JJwwwmicrofinancegatewayorg

 $sho"a: <nno#ators for the /ublic 5wwwasho"aorg

8hangema"ers Iournal and @esources 5 wwwchangema"ersnet

!Y( @eynolds /rogram on ocial Antrepreneurship:5http:JJwwwnyueduJreynoldsJindexflashhtml

enture /hilanthropy /artners 5www#enturephilanthropypartnersorg

&he "oll ?oundation 5wwws"ollfoundationorg

"oll 8enter for ocial Antrepreneurship, aid Business chool at Cxford (ni#ersity5wwwsocialedgeorg

ocial Anterprise $lliance 5wwwse-allianceorg

8enter for Affecti#e /hilanthropy 5wwweffecti#ephilanthropycom

Business for ocial @esponsibility 5wwwbsrorg

<n#estors 8ircle 5wwwin#estorscirclenet

!et <mpact 5wwwnet-impactorg

?ast 8ompany ocial 8apitalist $wards 5www fastcompany comJ social 

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MICROFINANCE & SOCIAL ENTREPRENEURSHIP X12.9189 SYLLABUS FALL 2008

8enter for ocial <nno#ation at tanford raduate chool of Business 5wwwgsbstanfordeduJcsi

ocial <n#estment ?orum 5wwwsocialin#estorg

?rontline %orld Deroes ?rom a mall %orld 5wwwflworldorg

 $cumen ?und 5wwwacumenfundorg

Microfinance <nformation Axchange 5wwwmixmar"etorg

Mico8redit Anterprises 5wwwmcenterprisesorg

%omen>s %orld Ban"ing 5wwwswwborg

 $ccion <nternational 5wwwaccionorg

<< !et 5wwwxiginet

%iser8ommons 5http:JJwwwnaturalcapitalorgJwisercommonshtm

!Y( %agner chool: ?inancial $ccess <nitiati#e: 5http:JJwagnernyueduJfai

&he !ext Billion: (http:JJwwwnextbillionnetJthenext0billion

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