Financial Modelling for Social Enterprise (FMS 607)
Financial Modelling for Social Enterprise
Overview
This programme explores the successes and limitations of microfinance as an economic development strategy. The focus will be on the role of microfinance in international poverty alleviation efforts. We will explore the history and evolution of the field from both  theoretical and practical perspectives, while the roles played by various constituencies (e.g., clients, policy makers, donors, investors, etc.) will be examined; emphasis will be on the perspective of practitioners and the challenges of managing a (double bottom line) institution.
Description
Learning Mode
Classroom
Study Level
Certificate Course
Duration
7 days
Course Delivery
Intensive
Start Date
22nd September, 2020
Cost
£300 per module
Campus
London
Description
Students in this course will be exposed to how microfinance institutions provide financial services to the poor. Financial services include credit, savings, and insurance. This course explores the role of microfinance in economic development. It will discuss how poor people in poor countries use financial services, such as credit and savings; the history and practice of delivering such services; what is known about their contribution to development; and how stories and statistical studies shape public perceptions of microfinance.
The definition of who is poor varies by country and region, but largely includes those who work within the informal economy in developing countries. This course introduces students to the practices of microfinance institutions in a variety of developing countries, including: India, Mexico, Bolivia, Samoa, and Haiti.
It defines the wide variety of practices and governance structure of these organisations, and the issues they confront. The course focuses on two major issues: impacts of microfinance on the well-being of clients, and the problems confronting managers of microfinance institutions.
objectives
- Be introduced to the practices of MFIs in a variety of different developing countries.
- Identify the impact of microfinance on the well-being of the masses and businesses, both socially and economically, and to understand how poor persons have benefited.
- Identify problems confronting managers of MFIs.
- Identify ways to improve access to, and the utilization of, microfinance services in developing countries to minimize the challenges faced by poor and vulnerable persons in microfinance transactions.
- Understand the extent to which the establishment of microfinance banking systems will stimulate economic development.
Courses Curriculum
Microfinance as an economic development strategy
History and evolution of economic development inequity and policy across nations
History of the practice of delivering financial services and microfinance
Role of microfinance in economic development and international poverty alleviation efforts
Challenges of managing microfinance institutions
Successes and limitations of microfinance in economic development
Roles of stakeholders in microfinance operations (i.e., clients, policy makers, donors, investors, etc.)
How microfinance institutions provide financial services
Governance structure and management of microfinance institutions
Cases of statistical reports on microfinance and public perception
Use and practices of microfinance institutions in developing countries: case reports
Impacts of microfinance on the well-being of clients
Problems confronting management of microfinance institutions in developing countries
The lifecycle of social enterprise financing
Analysis and evaluation of microfinance
Key Benefit
- Participants will understand how microfinance can maximize profits over short periods to encourage microenterprises engaged in simple retail operations – as opposed to complex industrial firms which may be less profitable in the short term but lay the foundations for long term economic development.
- Participants will know how microfinance reduces poverty by allowing the poor to start or expand income-generating microenterprises, such as selling fruit and handmade clothing.
- Participants will understand that reliance on foreign aid by businesses is a major barrier to economic development and microfinance has the capacity to minimize such reliance, making it a clear benefit to development.
Teaching Outcomes
After studying this course, students should be able to:
- Understand the relationship between microfinance and the ‘real economy’ (that is, the area of the economy involved in production, distribution and consumption of goods and services) during economic development.
- Develop and apply formal models econometric work.
- Analyze financial inter-mediation.
- Identify the social and institutional underpinnings of financial activity.
Teaching Methods
The Teaching Methods For This Course Include:
- Individual or group activity on a topic area of interest to the students pertaining to cooperative and social enterprise.
- Daily discussion and reflection questions on readings.
- Short activities to support readings.
- Daily journals for students to engage in discussions with their peers.
Fees and funding
Level 1
£1,250
Level 2
£1,950
Financial Modelling for Social Enterprise
ONLINE CERTIFICATE COURSE
| Key Info | |
|---|---|
| Location | Global |
| Learning Mode | Online |
| Study Level | Certificate |
| Credits | 20 Credits |
| Duration | 10 Weeks |
| Course Level | Level 6 |
| Time Commitment | 8 hours weekly |
| Start Date | 8th September, 2020 |
| Cost |  £1,250 (10 Modules) |
Financial modelling for social enterprise
This programme is valuable for social enterprises of all shapes and sizes, and during all stages of the start-up cycle. It is aimed towards a broad audience including aspiring social entrepreneurs, non-profits who are seeking to to create market-based projects, investors evaluating new businesses, and corporate  entrepreneurs who would like to launch ventures aimed at the bottom of the pyramid market. By the end of this course, students will understand how to build a basic financial model from the ground up, starting from a single business unit – a stand-alone profit-center – scaling up. This course allows you to be able to apply this approach to ensure that your product or service can be realistically commercialised, and that the business model is built for scalability from the outset.
AN ONLINE EDUCATION THAT SETS YOU APART
Top Specialised Institution
Gain global recognition and desired skills from a specialised and quality-assured higher education institution.
Flexible
Choose an online-based education that fits your needs and lifestyle, so you can meet weekly milestones.
Award-winning Teaching
Learn from our industry-leading Faculty Staff who are experts in their field.
The Programme
This course teaches students, including those from non-profit organisations, social entrepreneurs, corporate entrepreneurs, and social change leaders, how to apply financial modelling and creative approaches to market-based funding in order to successfully scale the impact of their work. This course will benefit organisations of all shapes and sizes, and particularly those in the early stages of development. The programme will show you how to think about and build a basic financial model from the ground up, starting from a single business unit – a stand-alone profit-center – and scaling up. This approach will ensure that your product or service can be realistically commercialised, and that the business model is built for scalability from the outset.
GOOD FOR YOU
- Thoroughly understand the concepts of cooperatives and social enterprise.
- Ensure that your product or service can be realistically commercialised and that the business model is built for scalability from the start.
- Understand how to estimate the reach and size of your operational unit and identify what ‘costs at scale’ means to your organisation.
- Understand how to think about and calculate the funding requirements for building and maintaining a capacity that allows you to innovate, learn, and grow your organisation.
- Understand the importance of focusing on financial sustainability at the onset of your venture or a programmatic initiative.
COURSE CURRICULUM
Module 1:
Introduction to financial models and financial modelling
Module 2:
Financial sustainability in social organisations
Module 3:
Financial sustainability in social organisations
Module 4:
Leadership in social enterprise
Module 5:
Corporate finance and financial engineering
Module 6:
Entrepreneurial finance, financial instruments & contracts
Module 7:
Identify what ‘costs-at-scale’ means to your venture or initiative
Module 8:
Testing financial and business model
Module 9:
Case Studies: Business model canvas to map out components of your potential company
Module 10:
Seminar in financial modelling
YOUR COURSE CONVENOR
Professor Ola Familoni
Professor of Management, Strategy and Entrepreneurship at LSSE
Certification
This course is accredited and, to be awarded credit, you must satisfactorily complete written components. Successful students will receive credit, awarded by the Board of Studies of London School of Social Enterprise and Sustainable Economics and International Affiliates. The award will be presented in the form of Advanced Certificate. Exceptional students will be recognised.
Request More Information
Oops! We could not locate your form.
You might also be interested in
Short courses
This course provides students with a knowledge and understanding of the principles of social entrepreneurship. You will learn the fundamentals of programming so you can start writing web applications that can potentially be used in non-profit or public sectors.
Short courses
Students will thoroughly analyse distinctive hypothetical ways to deal with the comprehension of measuring social value and the metrics appropriate for measuring impact. Learn how to take into account the triple bottom line and commit your organisation to focus
Short courses
This course is designed to give participants an understanding of strategic community investment and how it relates to social responsibility. The focus is on practical tool application to establish and manage partnerships and measure the impact of community investment.
Short courses
This programme has a wide array of flexibility which explore issues related to social enterprise, entrepreneurship leadership and innovation strategies ranging from public policy to for profit and non-profit management, from environment stewardship to business ethics.
