6. WWW.DVELO.ORG with James Bashara & Drew McWay

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Created on 21 April, 2010by carolinamicrofinance

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Dvelo

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Language: English Status: Public Category: Academic All rights reserved ©
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Speaker: James Bashara & Drew McWay
Company/Organization: Dvelo.org
Wednesday, Feb. 3rd @ 7PM
CMI Workshops presents: WWW.DVELO.ORG with James Bashara & Drew McWay
Topics will include:
Ø How two post-grads developed their entrepreneurial venture
Ø Web-based poverty alleviation
Ø How users can get directly involved in financial development

Background
*Dvelo.org enables users to lend to business owners in impoverished communities through its field partners and a practice called microfinance. These business owners and communities aren't looking for handouts or donations, they simply seek the access to credit that the rest of us often take for granted. They are not charity cases. They are hard-working, responsible individuals that would like to be given the opportunity to succeed in the marketplace.

*Dvelo.org allows partnered microfinance institutions (MFIs) to request direct investment for the communities they work with through the site. These organizations typically get their funds from either donations, grants, or loans from local commercial or institutional lenders. These commercial and institutional lenders often charge anywhere from 15-20% interest on their loans to MFIs around the world because of the perceived risk involved. Dvelo.org serves to reduce this cost of capital for these MFIs by giving them a platform to request loans directly from social lenders for an appealing interest rate.

Check out the Dvelo website
FAN DVELO.ORG on FACEBOOK! JOIN CMI WORKSHOPS ON FACEBOOK TOO!

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