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Lessons from Microfinance for Venture Capital
Video

Lessons from Microfinance for Venture Capital

Anjney Midha
INK, 2014
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Editorial Rating

7

Qualities

  • Innovative
  • Applicable

Recommendation

When Dr. Muhammad Yunus and the Grameen Bank won the 2006 Nobel Peace Prize for their breakthroughs in microfinance, budding venture capitalist (VC) Anjney Midha was eager to explore whether the field of venture capital could emulate the microfinance model. In this presentation, Midha unveils his findings. Though lacking the finer details that interested watchers will crave, his conclusions are remarkable and worthy of further investigation. getAbstract recommends Midha’s oration to VCs, fund managers and neophyte entrepreneurs alike.

Take-Aways

  • The microfinance model boasts two unique characteristics: Financiers lend small sums to borrowers, and peers – rather than professional lenders – approve the loans.
  • Microfinance works when people need small sums of credit, when access to that credit is limited and when a “strong local community” is present.
  • These traits of microfinance are also applicable to venture capitalism.

About the Speaker

Stanford graduate Anjney Midha is a partner at the venture capital firm Kleiner Perkins Caufield & Byers.

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