Missing: Hard Data and Analysis on Microcredit
Microfinance's global acclaim has been fueled, in part, by anecdotes about cash-strapped micro-entrepreneurs propelled out of poverty by bits of extra cash in the form of microloans. But research by NYU Wagner's Professor of Public Policy and Economics Jonathan Morduch shows that little actually is known about the magnitude of very poor people who benefit from microloans -- or to what degree. The evidence that does exist, meanwhile, is flawed.
Professor Morduch is a leading microfinance expert, the co-author of the 2005 book "The Economics of Microfinance" (MIT Press), and lead researcher of the NYU Wagner-based Financial Access Initiative supported by the Bill and Melinda Gates Foundation. On January 21, 2008, he delivered a Distinguished Lecture hosted by the Center for Analytical Finance of the Indian School of Business in Hyderabad. Entitled "Microfinance: The Next Capitalist Revolution?", the presentation focused on expanding concepts of microfinance to meet the needs of the next generation of unbanked customers. The lecture focused on consumer finance, livelihoods strategies, and the roles of the private and poverty sector.
While in India, Professor Morduch also delivered presentations at the Reserve Bank of India, the Delhi School of Economics, and the National Council on Applied Economic Research.
Professor Morduch also visited Japan in December, 2007, where he gave the keynote speech at a symposium on microfinance attended by academics, policymakers, and bankers, held at the Japan Bank for International Cooperation. He delivered talks at Kobe University, the University of Tokyo, and the Ministry of Finance.
Friday, February 1, 2008, Professor Morduch discusses his groundbreaking new paper, "How Can the Poor Afford Microfinance," at the First Annual Forum on Financial Access, hosted at New York University by the Financial Access Initiative. The conference, from 9 a.m. to 2 p.m., includes a student debate competition moderated by a senior writer and editor from The Economist and discussions by leading experts on microfinance and poverty. For further information, click below.
MUP Student at Wagner Wins Soros Fellowship for New Americans
Leda DeRosa, who is pursuing a master’s degree in urban planning (MUP) at NYU Wagner, has been selected as a recipient of a Paul & Daisy Soros Fellowship for New Americans. She is one of 30 winners of the 2013 national competition, chosen from more than 1,050 applicants.
New Americans Fellows are selected on the basis of individual merit and promise - individuals who seem best-positioned to make a distinctive contribution to some aspect of American life. Clearly, Leda fits the bill.
Born in Korea, raised in Connecticut, Leda has a keen desire to work in underserved communities. This, she notes, arises from her complex immigrant and minority identities.
Leda graduated magna cum laude from Barnard College, and was supported with scholarships and part-time jobs. She subsequently worked as a corporate legal assistant for a major New York-based international law firm and as Associate Director of an African-American think tank affiliated with Columbia Law School.
Each Fellow receives tuition and stipend assistance of up to $90,000 in support of graduate education in this country. The full slate of immigrant and academic stories can be found in all of its remarkable diversity here: 2013 Fellows' Bios.
New Fulbright Scholarship Designated For NYU Wagner/UCL Global EMPA Program
NYU Wagner is pleased to announce that a Fulbright scholarship will be offered to an outstanding student from the United Kingdom who gains admission to the Executive Program for Global Policy Leaders (Global EMPA) for the fall, 2015.
The Global EMPA is a joint degree of NYU Wagner and University College London, designed for experienced managers, rising leaders, and executives across sectors. Students in this integrated program spend the first semester in New York City, the second in London, and the summer in global locations at work on a Capstone project. The Fulbright deadline to apply for the new scholarship is October 31, 2014. For more details, please visit the Fulbright Commission.
New York Times Spotlights NYU Wagner Convocation Ceremony Keynote Address
The New York Times online spotlight of 2015 graduation speeches, "Cap and Gown," highlighted NYU Wagner's Convocation speaker Cody Keenan, the chief speechwriter for President Obama. In The Times' coverage, Cody was joined by such luminaries as First Lady Michelle Obama (for Tuskegee University), Apple chief executive Tim Cook (for George Washington University), and Vice President Joe Biden (for Yale University).
The 2015 Wagner Convocation ceremony's inclusion in The Times' compilation of some the country's most inspiring graduation speeches adds a welcome luster to a spectacular event, held May 19 before a capacity crowd in the truly distinctive New York City Center in Midtown Manhattan.
New York Times spotlights NYU Wagner's 'Visual Explorer' application tool
When NYU Wagner reviews applications for admission, we try to add up the many components that make up an applicant and ask ourselves: Who is this person? Two years ago, we added an optional Visual Explorer essay to our application. This essay section provides all applicants with an opportunity to offer information about themselves that is not always captured through the standard essay question on the application. They are asked to select a photograph from an archive of two dozen conceptual images and then write about it. The process draws out their creativity, while grounding them in a moment of reflection about their motivation to study and work in public service.
"Too often," notes Wagner's dean, Ellen Schall, "applying to graduate school is transactional. We added Visual Explorer because we wanted to signal that the Wagner experience is transformational. Visual Explorer calls for people to slow down enough to reflect on their own experiences, connect their passion for public service to their professional goals, and offer their own perspectives on how to change the world."
On Nov. 1, 2009, the Education Life supplement of The New York Times spotlighted Wagner's pattern-breaking application tool, the images for which are provided in collaboration with the nonprofit Center for Creative Leadership, or CCL.