Microfinance 101 - Session 2
Measuring Success
October 13th, 7:00pm to 8:30pm
Today’s session will cover an overview of the financial products people need and use and how people go about acquiring those products by saving up, saving down, or saving through. In addition, we will explore the importance of sustainability and how microfinance institutions measure success in terms of breadth and depth of outreach. A key component of microfinance sustainability is through the use of interest rates and we will spend time looking at how rates are set, what interest income is used for, and what institutional challenges exist for determining a fair and reasonable interest rate. We also will look at websites that compare microfinance institutions around the world and efforts to make microfinance more transparent and accountable for social impact.
Recommended Reading
1. The Microcredit Summit’s State of the Campaign Report -2009
2. CGAP Measureing Social Indicators
3. CGAP Microfinance & The Millenium Development Goals
Bio For Rob Gailey
Rob Gailey is the Director for the Center For International Development at Point Loma Nazarene University
DEGREES
B.A., Eastern Nazarene College
Doctoral Candidate (ABD), University of San Diego, School of Leadership and Education Sciences, with a concentration in Nonprofit Management
Rob Gailey teaches nonprofit organizational management and theories of economic development in the International Development Studies major at PLNU and serves as the faculty advisor to PLNU’s Microfinance Club. He is currently a doctoral candidate (ABD) at the University of San Diego’s School of Leadership and Education Sciences, with a concentration in Nonprofit Management.
As Director of the Center for International Development, Rob Gailey is actively engaged with students across campus to bring awareness and solutions to social issues that impact our global economy. The Center for International Development has funded students to participate in international development conferences and research in LA, NY, Halifax, Rwanda, DC, and China.
RESEARCH
Professor Gailey’s dissertation research is focused on the role of social capital and household economic welfare among clients of a microfinance organization in South Africa. Rob’s research interests include microfinance, international economic development, poverty measurements, faith-based approaches to holistic relief and development, and intercultural studies.Rob collaborates with other disciplines and offices on campus to explore how to enhance PLNU’s involvement in international humanitarian and development work, and leads student groups to Armenia and Mexico to build homes for impoverished villages. He has participated in Teachers Noticing Teachers, the Baylor Conference on Poverty, Lazarian World Homes, the American Humanics Management Institute, USD’s Social Issues Conference, the Skoll World Forum on Social Entrepreneurship at Oxford University, the Global Missiology Conference of the Nazarene church, and various microfinance conferences throughout the region.
INTERESTS
Rob Gailey is a globally-minded individual with proven expertise in his field of study, and a personal background which successfully inspires his research, teaching, and publications. He spent six years of his childhood in the country of Swaziland and since has conducted microfinance/development training in the following countries: Liberia, Kosovo, Rwanda, Armenia, Mozambique, Sierra Leone, Bosnia, Haiti, Georgia, Mongolia, Philippines, Albania, Thailand, South Africa, and Kenya.
He and his wife, Wanda, served for 18 months as missionaries in the country of Malawi, where Rob directed a vocational school. Rob has also served two years as research director for the Microcredit Summit Campaign in Washington D.C. and six years as director of Microfinance Consulting Services for World Relief. Rob and his wife have two children.
For a List of Professor Gailey’s publication please visit The Center For International Development
