Learn about how MMI came to be.
way back in mid-2010,
Whilst he was completing his Bachelor of Commerce at the University of Melbourne, our Peruvian founder, Fernando Tamayo, studied at the University of Pennsylvania for a semester as an exchange student. It was there were he stumbled across Penn Microfinance, an organisation through which he had the opportunity to see Microfinance at work first-hand in his native Peru.
He came back to Melbourne to find that there weren’t Microfinance organisations that provided students with the opportunity to experience what he did in Peru, and that most students did not know what Microfinance was.
So with five passionate BCom friends, they founded the Melbourne Microfinance Initiative in mid-2010, the first Australian student-run Microfinance organisation. And in a little over six months, MMI grew from a group of six students to an organisation of more than three hundred members.
In 2011, MMI provided semester-long consultancy services to NGOs in Cambodia, Laos and Ghana, ran the Global Student Microfinance Day, and was operated by twenty-five students and alumni.
Almost 10 years later, MMI continues to create a lasting impact in communities across the globe. We remain the Australia’s largest student-led Microfinance organisation, with over 600 members in 2018. Now with a focus on our own backyard, MMI runs six, year-long consulting projects each year both at home and abroad, and organises a diverse portfolio of events and workshops that aim to up skill students, to enable them to create positive change in their own communities.
We’ve now held our two largest and most successful events now for four years running - Careers in Social Impact, a panel event that features individuals working in impactful careers; and the Global Microfinance Case Competition, an international case competition that is held in partnership with six different universities, where students are tasked with finding and presenting a solution to a current problem of one of our clients.