Lindsay Stradley (MBA 2011) spent her internship months during Summer 2010 working at Bridge International Academies in Nairobi, Kenya. This is her story from the field.
Bridge is a for-profit social enterprise that’s building low-cost (i.e., $4/month) private primary schools in the slums. The first school opened in January of 2009, a second in May of that year, and then two more waves in January and May of this past year so that they now have 10 schools across Nairobi.
In Kenya, people are accustomed to paying for education. The upper and middle classes pay premium prices for elite education. Even with the recent expansion of “free” government schools primarily for the lower class, parents pay for uniforms, exam fees, and other miscellaneous expenses like “motivation fees” for teachers – all of which adds up to a very significant portion of a poor family’s income despite the declining quality and ballooning student-teacher ratios of most government schools.
For his Summer 2010 internship, David Auerbach (MBA 2011) worked at IGNIA Partners based in Monterrey, Mexico where he worked on metrics and evaluation of social and environmental Impact as well as conducting due diligence and financial valuations on potential entrepreneurs to invest in. This is his report from the field.
IGNIA is an impact investing venture capital investment firm that supports high growth social enterprises that serve the base of the socio-economic pyramid in Latin America. By providing effective responses to the enormously under-served needs of low income populations, both as consumers as well as active participants in productive value chains, IGNIA empowers entrepreneurship and generates social impact while creating attractive financial returns for its investors.
I sat in the front row of Paul Asquith’s Introduction to Corporate Finance class because, more than anything, I thought his emphatic declarations around the “art of finance” would be more likely to stick in my brain. Strategy…Valuation…Execution. What’s the market? Cash is King. Question assumptions. The numbers don’t lie, people! Learn these rules, love these rules.
For his Summer 2010 internship, Francesco Baldesseri (MBA 2011) worked at Endeavor. He spent his time in Bogota working with with one of their portfolio companies TES America, an engineering services company with clients in the telecommunication, cartography and telemedicine sectors. This is his report from the field.
The first part of my project involved defining a market strategy to expand the company’s telemedicine service, currently implemented in one Colombian department, where it connects 29 rural towns to the capital’s hospital.