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Promoting Inclusive Markets and Financial Systems


Sustainable Microenterprise and Development Program - New Hampshire Certificate


Huddleston Hall, 73 Main Street
Durham, NH, USA 03824
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Jun 16, 2014 (Mon) - Jun 27, 2014 (Fri),

Program Overview

This comprehensive two-week program emphasizes a livelihoods approach to pro-poor economic development that encompasses both financial and non-financial strategies. The curriculum starts with the online Principles of Microfinance online pre-course, which is a required component of the certificate. The face-to-face class starts with the poor -- how they earn their livelihoods and the complexity with which they manage their financial situations. Students will gain an overview to the landscape of financial services that serve (and often do not serve) the poor, contrasting formal and informal forms of finance, including the Savings Groups movement, the Self-Help Group movement in India and commercial microfinance. Students will also assess the opportunities and threats inherent in the rapidly evolving service delivery options associated with mobile banking. Because financial services, including microfinance, are only one part of the economic development picture, the curriculum incorporates the theory and practices associated with social entrepreneurship, pro-poor value chain development, and community supported agriculture and fisheries. It emphasizes tools and strategies of transparency and good management practices that honor the Triple Bottom Line (financial, social, environmental) of sustainability.

The SMDP Certificate offers a unique perspective by examining programs implemented in poor communities overseas, as well as economically challenged areas within the United States. Classes will include lectures, case studies, student projects, field research, and field visits to explore microenterprise and farm-to-fork development at the community level.

The primary objectives are to:

  1. Provide participants with an understanding of the history, theoretical principles, methodologies, business models, products and services, and players in the global development finance field.
  2. Understand from the client perspective the challenges of extreme poverty, the survival strategies the poor use to make ends meet and how microfinance, enterprise development and other development models can be useful (or not) in making impacts to stem poverty.
  3. Explore community-led responses to poverty, the globalization of food production and the impacts of climate change from local agriculture and fisheries, social enterprise and other economic development models.

Participants who would benefit from attending this course are both seasoned or recent entrants into the field of development finance who want to expand their knowledge of the fundamentals of the microfinance, microenterprise, value chain development and social enterprise. This includes:

  • Professionals changing careers
  • Current employees of MFIs, development finance agencies, NGOs
  • Social impact investors, central bankers, private donors and foundations


  • Malcolm Harper, Professor Emeritus Cranfield School of Management, UK
  • Michael Swack, Carsey Institute and Whittemore School of Business, UNH
  • William Maddocks, Carsey Institute UNH
  • Candace Nelson, Independent Microfinance Consultant

SMDP Certificate Goal

The goal of the SMDP NH Certificate is to give both new and experienced development practitioners a solid understanding of the wide range of options available in the development finance field and help students to critically explore which methodologies, strategies, products, services, organizational models, and movements have the greatest efficacy towards building dignity, assets, financial and civil inclusion among the poor in less developed and more developed economies.

SMDP Certificate Topics

  • Sustainable Livelihoods and the Portfolios of the Poor
  • Extreme Poverty and Ladders of Economic and Social Progress
  • The Grameen Bank Experience and the Coming of Age of Microfinance
  • Traditional and New Forms of Financial Services for the Poor
  • Things fall apart – the Commercialization of Microfinance: Market Success, Client Failure and
  • Innovative Approaches to Financial Services for the Poor
  • A New Path Toward Livelihood Development - Social Enterprise and Social Responsible Investment
  • Sustainable Microfinance and Approches To Ensure Transparency,  Client Protection and Social Performance Outcomes
  • ProPoor Agricultural Value Chain Development and Sustainable Agriculture in New Hampshire
  • Building Local Sustainable Communities and Microenterprise Development in the U.S. 
  • Putting it all together: Building the road to financial inclusion and sustainable livelihoods

Sustainable Agriculture and Microenterprise Field Visits

  • Brookford Farm – a biologically diverse farm that practices sustainable, community-based farming Women’s Rural Entrepreneurship Network
  • The Mount Washington Hotel – Location where the Brettonwoods Conference launched World Bank 

Who should attend the SMDP NH Certificate?

A wide range of professionals can benefit through participation in the SMDP NH Certificate including investment bankers, financial managers and other financial service industry professionals exploring moving into social impact investing. Donors who are funding or exploring support for microfinance programs and mid- to upper-level managers of microfinance institutions and banks, microfinance regulators, other development field practitioners who wish to learn about strategies for reaching the very poor. U.S. based development practitioners who wish to learn about microenterprise development and local economic development in the developing world, those who want to design and initiate microfinance and impact investment programs, as well as employees of government agencies and programs who are promoting microfinance and those students who are new to the field will learn significant new skills and insights.

Earn Academic Credit  -  Masters-level academic credits available for attendance at the SMDP NH Certificate and completion of a course assessment assignment.


Apply today at: http://carseyinstitute.unh.edu/smdp/nh

For additional information please contact:

William Maddocks, Program Coordinator, william.maddocks@unh.edu

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