From Crime to Clean: Unlocking Potential of Ex-Convicts with Financial Engineering and Micro-Lending
Friday, March 9, 2012 - 08:06
in Mathematics & Economics
Imagine a plan that reduces the cost of overcrowded prisons, lowers recidivism, creates a new form of human capital investment, and exemplifies societal goodwill. Five Berkeley Master of Financial Engineering (MFE) Program students at the University of California, Berkeley's Haas School of Business did just that last fall with a proposal to offer financing and credit to former inmates who aim to become entrepreneurs and small business owners.