The Bentley Microfinance Group is a principally student run organization that falls under Bentley’s 501(c)3 non-profit classification. Charged with managing its loan fund, BMG targets lending to local entrepreneurs and small business owners in the Greater Boston area who have found the traditional means of accessing capital closed to them. Through our services, BMG works to promote economic development and community involvement. What is Microfinance?Microfinance is a type of financing used throughout the world which serves the millions of people. The concept of microfinance was introduced in 1976 by Nobel Prize recipient Muhammed Yunus. The theory behind microfinance is that some people are excluded from accessing capital, and by giving small loans to the them, they are able to receive a great benefit from small microloans. These loans have a profound affect on those excluded from the traditional sources of capital because it substantially increases their human equity and, according to the law of diminishing returns, their productivity increases exponentially. While microfinance has a strong foothold abroad, BMG focuses on giving microloans to small businesses and entrepreneurs in the Greater Boston area.
|Bentley’s recent Street Outreach Initiative targeted businesses in the city of Waltham. Local business owners shared their experiences with BMG students who in turn introduced the business owners to the concepts of microfinance.||Through a year-long speaker series, BMG regularly educates Bentley’s student body about the business and social objectives of Microfinance.||The Bentley Microfinance Review is a student-run and student-edited undergraduate academic journal similar to the Law Review models found in many of the finest U.S. Law Schools. The Review publishes high quality research that significantly informs and contributes to the fields of microfinance, microenterprise and community development.|