In this episode, Caroline Glackin and Michael Barbera discuss micro-finance, micro-loans, and human behavior. Microfinance, also called microcredit, is a type of banking service that is provided to unemployed or low-income individuals or groups who otherwise have no other access to financial services. While institutions participating in the area of microfinance are most often associated with lending, many offer additional services, including bank accounts and micro-insurance products, and provide financial and business education. Ultimately, the goal of microfinance is to give impoverished people an opportunity to become self-sufficient.
Dr. Caroline Glackin is on the faculty at UNC Fayetteville State University where she serves as a Direct Selling Education Foundation Fellow and Sam Walton Fellow. She graduated Bryn Mawr College (A.B., economics), The Wharton School (MBA, entrepreneurial management), and the University of Delaware (Ph.D., Urban Affairs, and Public Policy).She publishes on access to microloan capital, the potential for behavioral economics to inform understanding of the borrowing process, and the role of savings as a proxy for credit history. Dr. Glackin published research on entrepreneurial finance courses and the range of pedagogies in entrepreneurial finance education. She co-authored texts with NFTE founder Steve Mariotti entitled Entrepreneurship, 4e and Entrepreneurship and Small Business Management, 2e. Dr. Glackin was the Executive Director of a U.S. Treasury certified Community Development Financial Institution and was the Director of the Delaware State University’s Center for Enterprise Development. She served as co-chair of the Governor’s (Delaware) Task Force for Financial Independence.
Caroline Glackin Email: email@example.com