Farmlab Salon
Sophy Wolters
Friday, February 23 @ Noon

Microcredit 101

Sophy Wolters offers this primer on the basics of microcredit, also known as micro finance.

Micro finance is an upside down development model, giving empowerment to people and developing from the bottom up. We will start with a little history and describe how microfinance changed the world. Then we will talk about methodologies and how we use it. We will cover the use of the social collateral as an empowering tool. And then as a group we discuss how micro finance can be used in the US.

About Sophy Wolters

Sophy Wolters has lived and worked in Guatemala for the last 20 years. She worked in development programs ranging from re-forestry, child nutrition and early stimulation to running Friendship Bridge, a microcredit “plus” organization working in six departments in Guatemala. Her main focus has been working with people in the field. She feels that micro credit has turned the world of development upside down and is passionate about micro-finance as a tool to eradicate poverty and exclusion in the world. At the moment she is consulting for Namaste Direct and other NGO’s.

Farmlab Location

Farmlab / Under Spring, 1745 N. Spring Street #4, LA, CA 90012
Across the street from the site of the Not A Cornfield project, in a warehouse colocated at Baker Street and N. Spring Street

Salons are always free-of-charge, all ages welcome.
Refreshments will be served.



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