Podcasts about Jonathan Morduch

"How the World's Poor Live on $2 a Day"

Originally from Mexico, developing microfinance in Latin America and India was a natural step for Johanna Posada. With over 15 years of experience working in corporate finance, economics, microfinance and investing in emerging markets, Johanna, now based in Seattle, has long been involved in economic development. Currently, as Managing Director and cofounder of Elevar Equity, an impact investment fund that focuses on fintech in both of those regions, Johanna has been able to find an intersection between work that has a social component and is also business oriented. Elevar Equity targets investment in transformative and scalable businesses focusing on underserved customers. In this episode, I sat down with Johanna to talk about her experience and lessons learned from managing four funds with more than $270M assets under management, helping startups through multiple exits and impacting millions of people. We also cover her experience in microfinance and how the ecosystem has evolved over the years, her reasons for choosing LatAm and India, why foreign investors should be looking into the LatAm investment scene, and what the future holds for Elevar. Check out this episode of Crossing Borders to learn about Latin America’s impact investing space, and how the Elevar investment method helps people at the bottom of the pyramid build their businesses. Elevar’s Three Pillars of Investment The concept of impact is unique to every company, and Elevar Equity is no exception to that. Aligning their business model to meet the needs of underserved customers is an essential part of the company’s thesis. When investing, Johanna mentions three pillars to keep in mind: the community that is being served, what is the best price-point and quality, and scale. Check out this episode of Crossing Borders to learn more about the three pillars of impact according to Elevar Equity. Founder Focused Investing Johanna is a firm believer that entrepreneurs should be chosen for their skills and their drive, not their gender. Recent conversations about this topic have led her to collaborate with the IDB and other local actors to create more visibility for women in fintech. The issue is not necessarily that women are not participating in the sector, says Johanna. In fact, some studies say that 40-50% of companies have a female co-founder! However, in many cases where the cofounder is a woman, the voice of the company tends to be a man. Although positive discrimination is well-intended, Johanna explains that opting to invest solely on women can sometimes get complicated from a fund’s perspective as it limits the pipeline from which to choose. Hear Johanna talk more about the value that a female perspective can bring to a company in this episode of Crossing Borders. What makes LatAm interesting from a macro and micro perspective Johanna explains why there is so much potential in regions like LatAm and India that could be interesting for investors. These reasons include changing consumer and workforce demographics, mobile phone and financial penetration, and regional macroeconomic disruptions that are turning LatAm into a powerhouse. Johanna considers that these factors combine to create resilient communities that are essential for innovation and growth in companies. Find out how Johanna sees potential in emerging economies in regions like LatAm in this Crossing Borders episode. Johanna Posada has had the opportunity to see the microfinance ecosystem evolve in the region throughout the past decade. She’s managed four funds, of which, one is fully divested, two are fully invested, and the fourth is in the process of investment. Whether it’s from Elevar Equity’s offices in Bangalore, Bogota, Mexico City or Seattle she strives to bring success to underserved customers. Check out this Crossing Borders episode to learn about Johanna’s passion for combining finance with development and how she has become a leader for impact investing in the region. Show notes: [1:53] - What is Elevar? [2:44] - Where in the world do you invest? [3:08] - About offices in India and Latin America. [5:25] - Getting into impact investments. [7:27] - Microfinance ecosystem in 2004-2005 [9:31] - Biggest lesson learned from first $24M fund. [11:49] - Staying true to the customer and client in impact investing. [13:46] - What constitutes impact for a company? [16:13] - After the $24M fund, what happened next? [19:00] - Favorite company investments in LatAm and India. [23:51] - About fintech and financial inclusion; things people in the US take for granted. [26:44] - About Fund II. [27:17] - Experience with exits in LatAm. [28:45] - Do you see new exits coming from Asia or LatAm? [30:10] - Why should we be investing in LatAm right now? [31:26] - Genderless investing. [34:50] - Johanna’s top resources for entrepreneurs [36:03] - Johanna’s advice to her younger self [37:14] - What's next for you and Elevar? Resources mentioned: Elevar Equity Varthana Samunnati Credijusto “Portfolios of the Poor” by Daryl Collins, Jonathan Morduch, Orlanda Ruthven, and Stuart Rutherford The Lean Startup by Eric Ries

Felix Salmon of Fusion, Slate Moneybox columnist Jordan Weissmann, and political risk consultant Anna Szymanski are joined by author Rachel Schneider to discuss: The Financial Diaries, by Jonathan Morduch and Rachel Schneider Affirm and financing consumer purchases Amazon’s new second headquarters In Slate Plus: Cross-currency basis swaps If you’d like to leave us a voicemail for our December call-in show, ring us at (347) 960-6314. Check out other Panoply podcasts at panoply.fm. Email: slatemoney@slate.com Twitter:@felixsalmon, @Three_Guineas, @JHWeissmann Production by Daniel Schroeder Learn more about your ad choices. Visit megaphone.fm/adchoices

Felix Salmon of Fusion, Slate Moneybox columnist Jordan Weissmann, and political risk consultant Anna Szymanski are joined by author Rachel Schneider to discuss: The Financial Diaries, by Jonathan Morduch and Rachel Schneider Affirm and financing consumer purchases Amazon’s new second headquarters In Slate Plus: Cross-currency basis swaps If you’d like to leave us a voicemail for our December call-in show, ring us at (347) 960-6314. Check out other Panoply podcasts at panoply.fm. Email: slatemoney@slate.com Twitter:@felixsalmon, @Three_Guineas, @JHWeissmann Production by Daniel Schroeder Learn more about your ad choices. Visit megaphone.fm/adchoices

Volatility. Instability. Insecurity. Precarity. There’s a burgeoning lexicon seeking to capture the grim economic state of more and more Americans. Join us as Jonathan Morduch describes what he and Rachel Schneider discovered when they got 253 households to track their every bit of income and their every expense over the...

Volatility. Instability. Insecurity. Precarity. There’s a burgeoning lexicon seeking to capture the grim economic state of more and more Americans. Join us as Jonathan Morduch describes what he and Rachel Schneider discovered when they got 253 households to track their every bit of income and their every expense over the course of a year. The results—showcased in The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton University Press, 2017)—are sobering, and should cause us to reevaluate what we think we know about poverty and inequality in postindustrial America. Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford University Press, 2017).   Learn more about your ad choices. Visit megaphone.fm/adchoices

Volatility. Instability. Insecurity. Precarity. There’s a burgeoning lexicon seeking to capture the grim economic state of more and more Americans. Join us as Jonathan Morduch describes what he and Rachel Schneider discovered when they got 253 households to track their every bit of income and their every expense over the course of a year. The results—showcased in The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton University Press, 2017)—are sobering, and should cause us to reevaluate what we think we know about poverty and inequality in postindustrial America. Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford University Press, 2017).   Learn more about your ad choices. Visit megaphone.fm/adchoices

Volatility. Instability. Insecurity. Precarity. There’s a burgeoning lexicon seeking to capture the grim economic state of more and more Americans. Join us as Jonathan Morduch describes what he and Rachel Schneider discovered when they got 253 households to track their every bit of income and their every expense over the course of a year. The results—showcased in The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton University Press, 2017)—are sobering, and should cause us to reevaluate what we think we know about poverty and inequality in postindustrial America. Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford University Press, 2017).   Learn more about your ad choices. Visit megaphone.fm/adchoices

Volatility. Instability. Insecurity. Precarity. There’s a burgeoning lexicon seeking to capture the grim economic state of more and more Americans. Join us as Jonathan Morduch describes what he and Rachel Schneider discovered when they got 253 households to track their every bit of income and their every expense over the course of a year. The results—showcased in The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton University Press, 2017)—are sobering, and should cause us to reevaluate what we think we know about poverty and inequality in postindustrial America. Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford University Press, 2017).   Learn more about your ad choices. Visit megaphone.fm/adchoices

Volatility. Instability. Insecurity. Precarity. There’s a burgeoning lexicon seeking to capture the grim economic state of more and more Americans. Join us as Jonathan Morduch describes what he and Rachel Schneider discovered when they got 253 households to track their every bit of income and their every expense over the course of a year. The results—showcased in The Financial Diaries: How American Families Cope in a World of Uncertainty (Princeton University Press, 2017)—are sobering, and should cause us to reevaluate what we think we know about poverty and inequality in postindustrial America. Stephen Pimpare is Senior Lecturer in the Politics & Society Program and Faculty Fellow at the Carsey School of Public Policy at the University of New Hampshire. He is the author of The New Victorians (New Press, 2004), A People’s History of Poverty in America (New Press, 2008), winner of the Michael Harrington Award, and Ghettos, Tramps and Welfare Queens: Down and Out on the Silver Screen (Oxford University Press, 2017).   Learn more about your ad choices. Visit megaphone.fm/adchoices

We often talk about economic insecurity at the statistical level, but how does it impact people’s lives day to day and month to month? Rachel Schneider and Jonathan Morduch examined this question by getting to know families who struggle with financial security, and chronicled their findings in the eye opening book The Financial Diaries: How […]

Much has changed for the average American family from a financial standpoint in the last few decades. Much of the advice we receive is outdated in today’s climate. A study is based on 235 families from all across the United States. For one year they gave the authors access to every detail of their financial lives. The families were not among the poorest nor were they among the richest. A quarter was below the poverty line, half were at or making two times the poverty line, and a quarter were above the prior group.Today we discuss The U.S. Financial Diaries with Jonathan Morduch. Full Article Here Show Notes The Yin Evil Twins Brewing: The black of the black and tan. The U.S. Financial Diaries: More information about the study, the people involved, and the book. Simple Wealth: Research and evaluate rental properties. Learn more about your ad choices. Visit megaphone.fm/adchoices

The guest for this episode is Jonathan Morduch, he is a professor of public policy and economics at NYU and the author of The Financial Diaries: How American Families Cope in a World of Uncertainty, co-authored with Rachel Schneider. The book looks at the financial situations of ordinary American families. It is centered around a detailed survey of 235 households where they recorded what they earned and what they spent at an extremely granular level. From a truck mechanic whose income depends on bad weather wearing out the parts on trucks to a blackjack dealer whose tips literally depend on her customers' winnings at the blackjack table, the surveys reveal a huge amount of variance in the incomes and expenses of these households. This variance is not captured in annualized statistics, but it has profound implications for the way these households spend and save. We discuss financial literacy in the context of the real problems people face and relate the stories to some results from behavioural and experimental economics.  

What would you find out about yourself after writing down all of your income and expenses for a year? Jonathan Morduch and Rachel Schneider, authors of The Financial Diaries, did just that, and they found some disturbing trends about work, emergency funds, and families struggling to get ahead. We talk to them about how families cope on today's podcast. On the Haven Life line, Brenda is changing jobs from a 401k to a 403b. Can she move money between these two funds? If she can...should she? We'll discuss her options. In headlines, Jamie Wize from the BUZZ Index (ticker BUZ) joins us to talk about recent social media swells about SNAP and Palo Alto.  Of course we have Doug's trivia, some bad jokes, and lots more.... Huge thanks to MagnifyMoney.com for helping us with today's show!

Millions of middle-class Americans face an unexpected reality in today's era of economic growth: their paychecks vary so much that paying bills and saving for the future is exhausting and challenging month after month. This week on Benchmark, Dan and Scott speak with Jonathan Morduch and Rachel Schneider, whose book, "The Financial Diaries," vividly illustrates the financial struggles of more than 200 U.S. families.

Millions of Americans are facing "a shocking level" of income and expense volatility - much like what's experienced in emerging markets. That's the key finding of a new book by Rachel Schneider, Senior Vice President at CFSI, and Jonathan Morduch of New York University. Called "The Financial Diaries, How American Families Cope in a World of Uncertainty," the book presents insights gained from tracking the financial lives of 235 low and moderate income households for a full year, exploring in remarkable detail the ways they deal with financial insecurity. Schneider discusses the research and its implications for America's economic, social and political future in this wide-ranging interview.

Richard Rosenberg, consultant to CGAP, talks about the value proposition of microfinance and how this relates to the price for financial services.Richard has been with CGAP since its founding in 1995. He has written or contributed to numerous CGAP publications. His current areas of focus include interest rate issues, over-indebtedness, and regulation of microfinance. He is a core faculty member of the Microfinance Training Program at The Boulder Institute. MicroSave and the Financial Access Initiative invite you to join the authors of Portfolios of the Poor for a two-day virtual conference. This event will be moderated by co-authors Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven, and MicroSave’s Graham Wright. Dates: June 8-9, 2010 For more information and free registration, please visit www.MicroSave.org

Yaw Nyarko, Professor of Economics at New York University and Director of NYU Africa House, talks about the particulars of the research for Portfolios of the Poor and how it will influence the development of new research trends. Yaw Nyarko is a theoretical economist whose current work focuses on two main areas: (1) models where the economic actors engage in active learning about their environments and (2) human capital models of economic growth and development. MicroSave and the Financial Access Initiative invite you to join the authors of Portfolios of the Poor for a two-day virtual conference. This event will be moderated by co-authors Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven, and MicroSave’s Graham Wright. Dates: June 8-9, 2010 For more information and free registration, please visit www.MicroSave.org

Richard Rosenberg, consultant to CGAP, highlights the biggest findings of “Portfolios of the Poor”. Richard has been with CGAP since its founding in 1995. He has written or contributed to numerous CGAP publications. His current areas of focus include interest rate issues, over-indebtedness, and regulation of microfinance. He is a core faculty member of the Microfinance Training Program at The Boulder Institute. MicroSave and the Financial Access Initiative invite you to join the authors of Portfolios of the Poor for a two-day virtual conference. This event will be moderated by co-authors Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven, and MicroSave’s Graham Wright. Dates: June 8-9, 2010 For more information and free registration, please visit www.MicroSave.org

Jonathan Morduch, co-author of "Portfolios of the Poor" shares his opinion on what the book tells us about reimagining microfinance. Jonathan Morduch is Professor of Public Policy and Economics at the NYU Wagner Graduate School of Public Service, and Managing Director of the Financial Access Initiative, a consortium of researchers focused on financial inclusion. Morduch has taught on the Economics faculty at Harvard University, and has held visiting positions at Stanford, Princeton, and the University of Tokyo. He has worked with the United Nations and World Bank, and advises global NGOs. He is Associate Editor of the Journal of Economic Perspectives and on the board of the Journal of Globalization and Development. MicroSave and the Financial Access Initiative invite you to join the authors of Portfolios of the Poor for a two-day virtual conference. This event will be moderated by co-authors Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven, and MicroSave’s Graham Wright. Dates: June 8-9, 2010 For more information and free registration, please visit www.MicroSave.org

Jonathan Morduch, co-author of "Portfolios of the Poor" shares his opinion on what the book tells us about reimagining microfinance. Jonathan Morduch is Professor of Public Policy and Economics at the NYU Wagner Graduate School of Public Service, and Managing Director of the Financial Access Initiative, a consortium of researchers focused on financial inclusion.

Stuart Rutherford, co-author of "Portfolios of the Poor" talks about Grameen-2, SafeSave and Buro in Bangladesh. He also gives his opinion on the potential of e-banking and m-banking for the microfinance industry. MicroSave and the Financial Access Initiative invite you to join the authors of Portfolios of the Poor for a two-day virtual conference. This event will be moderated by co-authors Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven, and MicroSave’s Graham Wright. Dates: June 8-9, 2010 For more information and free registration, please visit www.MicroSave.org

Stuart Rutherford, co-author of "Portfolios of the Poor" talks about the financial products that poor people need from MFIs. MicroSave and the Financial Access Initiative invite you to join the authors of Portfolios of the Poor for a two-day virtual conference. This event will be moderated by co-authors Daryl Collins, Jonathan Morduch, Stuart Rutherford and Orlanda Ruthven, and MicroSave’s Graham Wright. Dates: June 8-9, 2010 For more information and free registration, please visit www.MicroSave.org

Daryl Colliins and Jonathan Morduch discuss their book, co-authored with Stuart Rutherford and Orland Ruthven, Portfolios of the Poor. Forty percent of the world’s population lives on less than $2 a day. You may be surprised by the extent to which they use financial services.  Daryl and Jonathan describe their work and their findings. Running […]

Daryl Colliins and Jonathan Morduch discuss their book, co-authored with Stuart Rutherford and Orland Ruthven, Portfolios of the Poor. Forty percent of the world’s population lives on less than $2 a day. You may be surprised by the extent to which they use financial services.  Daryl and Jonathan describe their work and their findings. Running […]