The Venice Microfinance Initiative

July 2016

The Venice Microfinance InitiativeInvenicement Ca’ Foscari Finance&Business Club, July 2016

July 2016Venice Microfinance Initiative 2

Invenicement Ca’ Foscari

Information, People and Activities

Venice Microfinance Initiative

Introduction, Mission and Values

VMI Core Operations

Timeline, Services and Research

Additional Information

Needs, Partners and Contacts

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VMI Core Operations




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July 2016


Invenicement is a student-managed Finance&Business Club based at Ca’ FoscariUniversity of Venice.

Our mission is to incite and help students to create and develop knowledge,network and motivation on everything there is to learn about the worlds offinance and business. We pursue our objective by connecting our members withcompanies, academics and professionals through events, workshops and activities.

Venice Microfinance Initiative 4

The club was founded in 2013 by drivenCa’ Foscari students who wanted to sharetheir passion for Finance with theircolleagues. To do that, we promotedevents, made partners with institutions,societies and companies, encouragingmutual growth through collaboration withstudents.

What we are

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Since our birth, we have grown.

• 10 Executives

• 450+ Members

• 1.9k+ Followers


During this academic year, we went beyond meetings and conferences,bread and butter of our society. In fact, since September 2015, we havebeen keeping our followers updated on economic and financial newsthrough our Facebook page, we organised skill-oriented workshops andwe developed innovative and ambitious activities, together with the mostpassionate and committed Ca’ Foscari students.

Our People

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Activities 2015-2016Workshop: Excel for Finance I

• 4 lessons, 30 selected students;

• Held by Dr. Domenico Dall’Olio;

• Topic included VBA, Valuation,Computational Finance.

Workshop: Excel for Finance II

• 6 lessons, 45 selected students;

• Held by Dr. Domenico Dall’Olio;

• Stronger focus on basic skills, practice and applications.

Conference: Public Debt• 2 hours, 150 participants;

• Speakers: Prof. P. Biffis, Dr. M. D’Onofrio, Dr. S. Torielli;

• Treated a major issueconcerning Italy and the EU.

Conference: Banking Union• 2 hours, 130 participants;

• Speakers: Prof. A. Urbani, Dr. A. Guarda, Dr. A. Cremonino;

• Treated characteristics and outcomes of the SSM.

Meeting: GMAT|LBS• 1,5 hours, 100 participants;

• Speakers: S. Strafino, A. Karakashian;

• Treated GMAT, business schoolsand admission requirements.

Venice Economic Forum 2016• 4 hours, 100 participants;

• Various speakers;

• Focused on the advantages and disadvantages of innovation on Entrepreneurship and Finance.

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When executives asked members what they would like more during their experience with the club, our fellow students expressed the will to be involved in something of real impact.

The good thing was that we already had that in mind.

Executives

Members

?What

ShouldWe

Do?

Our fresh and innovative project was inspired bysuccessful activities carried out by the MelbourneMicrofinance Initiative, a student society based at TheUniversity of Melbourne, Australia, which core activityconsists in delivering pro-bono consulting to MFIs inSouth East Asia and in the Pacific Region.

Their success, efforts and collaboration were essential tothe development of the Venice Microfinance Initiative.

Inspiration and birth

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VMI’s Values

Bolstering up communities

providing financial and professional supportto low income, non-bankable individuals, aswell as to struggling enterprises, thus liftingthem out of poverty and social exclusion.The action is intended to help communitiesgrow by encouraging entrepreneurship,increasing financial inclusion and empoweringwomen.

Learning Differently

VMI gives ambitious studentsthe opportunity to get sociallyinvolved and benefit from aunique professional experience.Delegates participating in theVenice Microfinance Initiativewill have the chance to deepentheir knowledge aboutmicrofinance and the way MFIscontribute to foster economicgrowth.Students benefit from receivingpreliminary training frompartners and seniors, as long asmentoring along their way. Then,they have the chance to learn onthe job and get actively involvedinto real world issues.

Building Bridges

VMI has been thought to be a link betweenstudents, partners and MFIs operating bothlocally and internationally.Knowledge transfer being at the heart of thisinitiative, we hope to establish long-lastingconnections that will provide microfinancepractitioners the possibility to access a pool oftalents and to inspire young people throughtheir constant effort to support social andeconomic development and increase equalityby encouraging financial inclusion.

VMI’s ambitionis to create apositive impactwithin the localcommunity, by

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July 2016



What we do

The introductory video conference aims to give the students and the MFI operatives the first chance to meet and to set the basis for the collaboration project. During this

meeting, both parties will evaluateand discuss the issues previously

brought up by our team, and consider possible solutions.

The mid-term field journey consists in a 20 days field trip carried out by our consultants to where the MFI is

based. During this visit, VMI will have the chance to meet the institution’soperatives in person, to be involvedwith clients, to submit surveys and

questions and to give direct performance assessments.

VMI’s final video meeting is neededfor our students to evaluate the

implementation of the project, give the final recommendations and

analyse future benefits. During the meeting, VMI will also assess the

impact and success of the initiative, question the improvement of the

project and ask for feedback.

• Give our delegation of VMI consultants the best tools to operate, so that their work can be the post effective.

• Ensure that our project is of real impact, targeting the most suitable MFIs in the proper countries.AIMS

• Five months of collaboration with the MFI, during which four consultants implement the proposed services.

• Initial agreement, plus Skype meetings held at least once every fortnight, and in addition:ACTION

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VMI Core Operations


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Month 1 Month 2 Month 3 Month 4 Month 5

(Macro/Social/Geographic) Risk Analysis Sample Studying Credit Risk Assessment

Risk and Sustainability Management

| Mid-term field trip |

CPAT Checklist WWW Exploitation + Checklist Actions

Comprehensive Digitalisation Process

Workshop and Engagement Planning Carryout Social Impact Report

Remote Opportunity Desk

Weekly Newsletters + Entrance in the Institutional Network

Social Engagement Activities

VMI Core OperationsTimeline

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VMI Core OperationsService 1: Risk and Sustainability Management

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Proper strategic and credit risk management are vital to any MFI. A

suitable loan policies and an informed risk calculation can turn a

microfinance institution from good to excellent, and ensure growth and

possibility of expansion.

Risk Analysis

Macro

We provide a deep analysis related to the competitive

environment in which MFI operates, understanding

strengths, but more important understanding weakness.

Social

The analysis will comprehends the nature of MFI’s

clients and how they can better interact each other,

aiming to a more financial inclusion.

Geographic

We are also willing to make researches the actual and

prospective areas, in order to amplify MFIs’ business.

CRM (Credit Risk Management)

A quantitative and qualitative study about the core

business of the MFI: credit lending. Thanks to a

benchmarking analysis, the utilise of historical

data on credit activity, we aim to provide a tool

that will gives more secure, trustable and

sustainable lending service for the MFI.

Sample Studying

Data are fundamental and during visits, the VMI

Team will be in charged to analyse and collect

these inputs that will be the fundamental tool

by which the CRM system will be implemented

and will give useful information on which MFI

will make operative decisions.


VMI Core OperationsService 2: Comprehensive Digitalisation Process

WWW

Exploitation

Social Media Management

Highest ROI and minimum costs through the use of

selected networks according to the MFI’s characteristics

Computer Tools Guidance

Best consciousness of one’s own MFI through

data comparison making use of expert-level

training on platforms created ad-hoc for MFIs.

Research Methods Teaching

Time reduction and increased efficiency through

education to the best research practices.

Clients

Projection

Awareness

Transparency

(CPAT) Checklist

A growing institution often lacks of adequate publicity, for

free or low cost, and ignores which are the Best practices to

get closer to clients and to the large number of national and

international organisations that support MFIs.

We aim to understand and solve possible communicative

gaps as soon as possible through a pre-programmed

checklist, so that the MFI can enter in contact with networks

and clients in the best way possible and acquire notoriety.

DO

MY CLIENTSI

KNOW ABOUT

The EMN exposure

EaSI

The MFC Network

My Loan Structure

My past success

My laboratories

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VMI Core OperationsService 3: Remote Opportunity Desk

Opportunities for MFIs

There is a wide range of different projects by international associations and

organisations which support MFIs. They include funding, vertical seminars,

knowledge-sharing conferences and other activities.

Opportunities for Clients

People in difficulty, micro/small enterprises and start-ups can all benefit from microfinance

opportunities, as well as from those offered by other realities (EIB, EaSI, etc.), in the form

of fundings, laboratories and prize-contests.

VMI Institutional Network

The partnerships we have established enable us to put you in contact with people and

institutions who hold your growth dear, as well as with other MFIs geographically both

near and distant from you.

With our remote assistance service we communicate, in the first place and weekly, all the opportunities that

you and your clients can benefit from. This service can be divided in three main contents.

What distinguishes this service is that it is all offered constantly, and since the first moment we talk.

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VMI Core OperationsService 4: Social Engagement Activities

Workshops: We support MFIs in the arrangement of training

activities addressed to their clients: creation of a business

plan, family budget, savings plan, individual coaching.

Community Involvement: We organise events on

thematics such as financial education, ethic finance

and entrepreneurial business at University or in the

MFI headquarter.

Microfinance can have a very

strong impact on the lives of

individuals most in need.

It is a very powerful tool to

reduce poverty and increase

financial inclusion. However,

small loans and access to

financial services alone, are not

sufficient to accomplish these

goals. This is why VMI has

developed a series of

complementary services.

Impact Assessment: We study the impact that MFIs, together with

our contribution, are able to have on their clients and within the

economic context they are immersed in, to avoid neglecting the

altruistic purposes which initially led to their foundation.

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VMI Core OperationsOur Research




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Our initiative is essentially not-for-profit and aims to help MFIs and

disadvantaged clients.In order to ensure the best

outcome, it is essential that our consultants meet the MFI

operatives and spends some days in the field. We seek for a sponsor that can help us with funding VMI

consultants’ travel and staying expenses of the mid-term field journey outside the European Union. In return, we offer the

maximum visibility in the project.

Our consultants are selected amongst the best students of the

university and are passionate about social impact. Invenicement will provide them the best tools to operate in a comfortable yet

effective way. Moreover, we will make sure that they can have all

the information they need to work at their best. Nonetheless, we

believe that better insights regarding how to operate and

which area to affect can come frommore experienced organisations.

Through our research, we are mapping the most attractive

markets, the largest organisationsand the main MFIs. By doing that, we realised that the institutions that could be seeking for more assistance might not be in plain sight. We are confident that a

national or international organisation working with

microfinance has more knowledge of the “market needs” that we are looking to fulfil with our services, and can guide us to more access.

Additional InformationWhat we are looking for


4 Additional InformationVMI’s partners

Microfinance Centre

Based in Warsaw, the MFC is a regional microfinance resource centre and network, whose contribution relates to poverty reduction and human potentialdevelopment, within the promotion of a socially oriented microfinance sector.

Its main programs include: Social Performance Management, Financial Education, Research and Energy Efficiency.

European Investment Bank

Established in 1958, the EIB is the European Union's bank. Its mission is to support and increase those investments relevant to strengthen

European policy achievements. Its commitment to microfinance projects in both EU e non EU area is remarkable, enhancing , for example,

feminine entrepreneurship, young people micro and small economic activities.

Microfinanza Rating

Founded in 2000, it is a private and independent internationalrating agency specialized in microfinance. MFR also performs

country screenings, governance evaluation, loan portfolio audit, equity evaluation, and offers training to a diverse range of

microfinance practitioners.

European Microfinance Network

Launched in 2003, EMN gathers together Practitioners, Partners and Corporate Members involved in European Microfinance issues. EMN is

focused on building stronger relations with EU institutions and addressing policy makers, regulators and funders of the sector, so as to

lobby for favorable policies, and further develop the sector. They are focused on capacity building, by encouraging sustainability, good

governance, quality, research and transparency of MFIs to increase the impact of microfinance in Europe.


Melbourne Microfinance Initiative

Founded in 2010, MMI is the first and largest microfinance student organization established at an Australian university.

The Melbourne Microfinance Initiative (MMI) is a student-run organization at the University of Melbourne, Australia. MMI

provides pro-bono consulting services to Microfinance Institutions (MFIs) globally with a vision of having a direct

impact on communities in need, and hosts an array of events designed to engage and empower students to make a

difference.

4 Additional InformationVMI’s partners

Università Ca’ Foscari

Founded in 1868, Ca’ Foscari is the first Business School in Italy, second at European level. More than 30 languages are

thought here. Ca’ Foscari reflects Venice city’s nature, crossroads of history, people, culture and commerce.

Ca’ Foscari Alumni

The Association was founded to gather together Ca’ FoscariAtheneum ex-students. Its aim is to create an extended network of

people with their competences which, in the long run, will help professionals to make treasure of those knowledge and values

acquired during University years, reinforcing their experience, and bringing them to excellence.


4 Additional InformationContacts

AddressInvenicement Ca’ FoscariFinance&Business ClubCannaregio 873Venice 30121 (VE), Italywww.invenicement.com

AcknowledgementThe following people are acknowledged responsible for the production of this document:Mirko Cauci, Sarah Di Gloria, Enrico Piga, Sonia Pusun, Matteo Spiller, Matteo Tirapelle.For any inquiries, please make use of the contacts mentioned above.

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The Venice Microfinance Initiative

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