Women make up a majority of the world's low-income population, often the result of legal and cultural inequalities exacerbated by a lack of access to traditional financial services. Microfinance, a term used to describe the provision of small loans and other services from “microfinance institutions” (MFIs), is helping to address this problem by providing low-income women an opportunity to lift themselves out of poverty. Women are the primary recipients of these micro loans because of their high repayment rates and findings that they reinvest 90% of their income into their families and communities. As a result, women are being increasingly viewed as valuable contributors to local economic development.
The WorldDenver Young Professionals are thrilled to have two leaders in the fields of microfinance and women's empowerment present on this very important topic. Patricia Foley Hinnen is the Founder and CEO of Capital Sisters International, a 501(c)3 nonprofit social enterprise devoted to empowering women through microfinance. Karen Larson is the Executive Director of Friendship Bridge, a 501(c)3 nonprofit microfinance institution (MFI) providing microfinance solutions to the women of Guatemala. Please join us for an insightful presentation and discussion on Microfinance and Women's Empowerment.
More about the panelists:
Patricia Foley Hinnen, Founding CEO of Capital Sisters International
Patricia Foley Hinnen is the Founder and Chief Executive Officer of Capital Sisters International, an organization that promotes financial inclusion around the world. She has worked in economic development and international affairs within the microfinance industry, the U.S. Congress, and the U.S. State Department, where she served as a microfinance and gender advisor. She has served on the board of The International Alliance for Women, and was the Co-founder and Managing Director of their Microenterprise Development Program. Patricia has a BA in Political Science, Economics and Public Policy from the University of Colorado and Master of Public Policy and Program Evaluation from Denver University.
Karen Larson, Executive Director of Friendship Bridge
Karen Larson is the Executive Director of Friendship Bridge, an organization that provides microcredit and education to women in Guatemala, to help them create their own solutions to poverty. Before working in international non-profits, Karen was the President and COO for Key Equipment Finance, Global Vendor Services, as well as at ATT Capital, the financing arm of AT&T. Karen received a BA in economics from the University of California, San Diego and also completed an executive education programs at Duke University, the Fuqua School of Business and Case Western University.