Victory at the Global Microfinance Case Competition

09 January 2014

Law students Luke Strom, Daniel Herring and Richard Belcher

On Friday the 27th of September the finals of the Global Microfinance Case Competition were held in Melbourne. The competition was held between four universities, the University of Melbourne, Monash University, University Technology Sydney and University of Auckland. Having come through regional finals, the 110 entered teams were whittled down to four. The competing teams were required to analyse a case study of a microfinance institution in Cambodia. Each team presented, for ten minuets, solutions to issues facing the company and answered ten minutes of further questions.

Representing Auckland University, Daniel Herring, Richard Belcher and Luke Strom were unanimously chosen as the winning team. Impressing with practical and pragmatic solutions, the team won an all expenses paid dinner with the Chairman of Macquarie Group, Simon McKeon; Vice-President of A.T. Kearney, Enrico Rizzon; and Ex-Dean of University of Melbourne’s Faculty of Business and Economic, Margaret Abernethy. The dinner was an opportunity for the students to discuss issues and topics with business leaders. The team particularly enjoyed the insights into the positive role business can have on society.

The following day, all the finalist teams had a professional development day with National Australia Bank. In the onsite facilities, the teams leant about topics within the field of microfinance, finance and economics, and banking from several of the Banks heads of department.

Returning home, Dan, Richie and Luke felt the competition was a great opportunity to apply what they have learnt at university to issues faced within society and were grateful for the opportunity to compete. The competition will be running again next year and if this year was anything to go by, it is an event they do not want to miss.


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