From the Wires
MPOWER Financing Launches New Initiatives to Support International Students at its Inaugural Social Impact Investing Conference in NYC
Expert Panel of International Social Investors and Entrepreneurs Weigh-In on Future of Social Impact Investing;
By: PR Newswire
Oct. 11, 2018 08:30 AM
WASHINGTON and NEW YORK, Oct. 11, 2018 /PRNewswire/ -- MPOWER Financing, the innovative fintech provider of educational loans to high-promise international and DACA students, has introduced three new programs to help students finance their education and succeed in their post-graduation job pursuits. These programs – a Global Citizen Scholarship program, career support and peer-to-peer mentoring – provide students with comprehensive educational and professional support.
MPOWER Financing announced the initiatives and presented the scholarships at its "Lenses on Social Impact" conference held yesterday at the Harvard Club of New York City, which brought together global leaders in the areas of social impact investing and entrepreneurship.
Supporting Students Beyond Educational Loans
MPOWER Financing's new programs are aimed at helping students with their career preparation and job-hunting skills:
More than 700 students from 94 countries applied for the first round of Global Citizen Scholarships, which provides $1,000 each to three international students. In the spring of 2019, MPOWER Financing will increase the scholarship program to $5,000 scholarships for students at MPOWER Financing's partner schools.
Social Impact Investing Panel
Panel experts included Thomas C. Barry, president and CEO, Zephyr Management; Chris Cozzone, senior vice president, Bain Capital Double Impact; Tahira Dosani, managing director, Accion Venture Lab; Rachna Saxena, associate partner, Dalberg Global Development; and Kapil Sharma, vice president for government and public affairs, North America at Wipro. The roundtable was moderated by Mike Davis, chief investment officer and co-founder of MPOWER Financing.
"We are seeing the end of a 50-year cycle where government was primarily responsible for addressing structural social problems," said Barry, "but now the solutions must be driven by the private sector in partnership with the public sector."
Accion's Doani explained what is behind the surge in impact investing. "Traditional investment firms like TPG, KKR and Black Rock are allocating more dollars in the impact investing space because their shareholders are demanding it."
At the same time, several panelists cited the pressure being brought on corporate managements by their employees. "With access to information that did not exist before, corporations cannot get away with what they might have done before. Their employees are holding them to a higher standard that integrates the needs of all stakeholders into the bottom line," said Cozzone.
About MPOWER Financing
View original content:http://www.prnewswire.com/news-releases/mpower-financing-launches-new-initiatives-to-support-international-students-at-its-inaugural-social-impact-investing-conference-in-nyc-300729350.html
SOURCE MPOWER Financing
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