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Rooted in the Haverford tradition of embedding in its curricula a strong, ethical commitment to a just world, MI3 engages students in exploring the use of financial and human capital to address social problems.

Impact Investing


Professor Shannon Mudd

Spring Semesters

An exploration of microfinance as an approach to meeting the financial needs of the poor with the potential to have significant positive impacts on their lives. The course is open to all students and provides them with the opportunity to explore theoretical explanations for its methodology, evaluate empirical research into its impacts and debate important issues in its practice.

Professor Shannon Mudd

Fall Semesters

The availability of finance to households and firms, especially small firms, varies substantially across time, place and activity. For poor households, in particular, access to appropriate financial products in terms of service, product and quality are often severely limited and often obtained only at high cost. This course is conducted as research seminar with students taking a large part of the responsibility for presenting

the research questions and findings in both seminal and recent research efforts in this area. The main emphasis is on understanding the factors that affect small firm access to finance and the financial access of the poor.

ECON298 Impact Investing: Theory and Practice

Professor Shannon Mudd

In this course students have the opportunity not only to gain an understanding of the theory and practice of impact investing across its many components, but also to gain practical experience. Through Mi3's membership in Investors’ Circle (IC), an impact angel network, students have an opportunity to attend monthly IC Philly meetings to hear pitches by entrepreneurs seeking investment and see one form of impact investing in action. With IC Philly students will screen potential investments, participate in the due diligence process and make an investment recommendation to the foundation of an alumnus to place money. Class meeting will vary among lectures, guest speaker, case work, and group work on the investment process. The class will end with presentations to an Investment Advisory Council comprised of alumnae with professional impact investment backgrounds.

Category: Payday loans

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