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Tuesday, December 3, 2024

A Dialog with our Chief Funding Officer

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Girls’s World Banking intern Melisa sat down with Chief Funding Officer
CJ Juhasz and talked about her impression investing work and curiosity in ladies’s points.

M: You could have greater than 10 years of expertise working in finance. What made you turn to microfinance and gender points?

CJ: Indirectly, it’s not a lot a change as an evolution. Throughout my time on Wall Road, I grew to become very within the premise that entry to finance offers people the chance to enhance their lives, notice their enterprise ambitions, and that on a macro-scale,  you can also make a distinction on a improvement agenda.

Moreover, ladies’s points have been with me all my life. My favourite T-Shirt as a child rising up within the 70s mentioned “Something a boy can do, a woman can do higher”. I graduated from West Level, served within the US Military, and labored on Wall Road, so you may think about the form of gender points I used to be confronted with over the course of my profession. I made a decision that if I can proceed to assist different ladies in preventing this battle, whereas giving them the instruments to understand their goals and to not be held again by their gender, then all the higher.

M: You’re in control of Girls’s World Banking Asset Administration. What do you want probably the most about your work? What’s the most difficult a part of it?

CJ is welcomed to the Ujjivan board in March 2013
CJ is welcomed to the Ujjivan board in March 2013

CJ: What’s terrific about Girls’s World Banking Asset Administration is that it’s a new enterprise line that grew out of my outdated obligations managing the Capital Markets Group. We have been usually requested by our community members to be an investor accomplice; nevertheless, as an NGO, we didn’t have the capital to take action. We determined to look into elevating a 3rd celebration fund, and a part of our analysis was to find out if there was in truth a necessity for Girls’s World Banking to play the function of an fairness investor. We answered that query with a powerful sure, for 2 causes. There are two developments that accompany microfinance commercialization that concern us: 1)  the motion away from ladies generally as purchasers and as employees; and a pair of) the motion away from the social mission, because the revenue maximization motive can overshadow the establishment’s mission to be a accountable lender. We see Girls’s World Banking’s function as an investor to guard our community members’ missions by investing in of their continued dedication to serving primarily ladies, and figuring out and selling ladies of their employees and administration, and in addition in supporting accountable, consumer–centered development methods.  When the fund has a profitable observe file, we will even have demonstrated the enterprise case for investing in women-focused microfinance.

M: You could have been working for Girls’s World Banking since 2007. What’s the most constructive attribute that you’ve discovered within the group?

CJ: After going to West Level, spending three years within the Military, and dealing for 12 years on Wall Road, the chance to work primarily with ladies has been refreshing  My colleagues at Girls’s World Banking are so dedicated, hardworking, and intrinsically motivated that it makes the group a extremely particular place to work. I additionally worth the chance to journey all over the world and see the impression of microfinance operators on the lives of their purchasers, and witness what’s happening on the bottom,

M: May you inform us a bit concerning the work you can be doing rising monetary inclusion within the Center East microfinance establishments as an Eisenhower Fellow?

CJ: I used to be really honored to be invited to use to Eisenhower Fellowship final 12 months. The mission of the Fellowship is to have interaction mid-career professionals from all over the world to reinforce their management expertise, broaden their community of contacts, deepen their international views, and unite them in a various, international neighborhood the place dialogue, understanding, and collaboration result in a extra affluent, simply, and peaceable world. Annually, the Multi Nation Program brings Fellows from nations all over the world to the U.S. whereas the USA Program sends Individuals overseas to achieve worldwide publicity to individuals, establishments, applied sciences and concepts. Eisenhower Fellows suggest itineraries for themselves, and I instantly considered going to the Center East, first as a result of it appears to be the flash level of bewilderment amongst America and the remainder of the world, but in addition—which is critical for my profession and what I need to accomplish at Girls’s World Banking–I might very very similar to to establish funding alternatives in microfinance establishments which can be centered on serving to ladies within the Arab World, due to the distinctive function that ladies play or don’t play of their societies there. I can be travelling to Turkey and Jordan and can get to fulfill with a few of my friends in microfinance, in addition to policy-makers, regulators, improvement organizations and different key gamers.  I will develop an actual understanding of the present microfinance panorama in these nations.

M: Seems like a tremendous alternative. Because you’re a fellow too, what do you suppose are the advantages of Fellowship program at Girls’s World Banking?

CJ: I’m personally an enormous fan of it, as a result of the Isis Fund has benefitted from the help of Fellows, first by way of Ines and now Liannette. I can not comprehend how I might be nonetheless afloat and doing what I’m doing with out their help! The Fellowship program is a improbable approach for Girls’s World Banking to draw actually proficient people with actual ardour in a generalist capability.

M: What particular qualities do you convey to the group?

CJ: One of many key strengths I convey to the group is my over a decade of expertise on Wall Road and having the ability to see firsthand the place finance can go incorrect and the place it’s a software to perform great issues. Significantly, I perceive how you can get offers completed, how you can worth an organization, and how you can construction a authorized transaction inside the applicable regulatory surroundings.

I additionally imagine that as one of many extra senior employees members within the group–I’m outdated (laughs)–I’m able to characterize a girl at a unique stage in her life attempting to stability the priorities that include that.  There are a variety of younger individuals on this group and I want to suppose that I play a mentorship function to a few of my youthful colleagues.

I will even all the time level to my army background. Wherever I’m going, I’ve the energy of the West Level/Military management coaching that interprets into a capability to work with individuals from a really broad vary of backgrounds, and a capability to successfully handle up, down and sideways as a way to get missions achieved.


Observe CJ on Twitter: @cjjuhasz

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