Word: jirapinyo
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William F. Weingarten, ’11 and Petch Jirapinyo, ’11, Co-presidents of a Harvard student-run nonprofit, The Cambridge Microfinance Initiative (CMi), have noted that student interest in joining CMi has significantly increased in the last year. Though the group cannot directly offer loans to clients, CMi works with small business owners in the community to develop advertising strategies and business plans to increase profits. Weingarten and Jirapinyo claim that one of the most rewarding aspects of CMi is the opportunity to interact with members of the Cambridge community, including visible residents like the owner...
However, members have mixed reasons for joining CMi. According to Jirapinyo, only half of members appear headed in a financial track. ““Most people who join are interested in social enterprise. After graduating from CMi, many of our members go into microfinance and other social enterprises. The rest might assume more traditional career paths, including consulting and finance,” said Jirapinyo...
...Both Jirapinyo and Weingarten are considering following a more traditional tech or consulting career route after college, but due to positive experiences garnered from CMi, they both hope to eventually return to the world of microfinance. “Even for people that try to go down the consulting path, if you’re going to get that sort of experience, then it makes sense to do it in a way that helps people,” said Weingarten...
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