"Microfinance works to enable people without resources to generate their own income," said Peter Fanconi at the University of Navarra. The CEO of Blue Orchard, business a pioneer in this field area, explained to the students how collateral-free loans could combat poverty in developing countries development.

Fanconi's microcreditproject targets those who survive on only $2 or $3 a day. "People without resources don't even have enough to buy a couple of apples, how can you ask them for collateral? Their collateral is a unique opportunity to lift their family out of poverty," he said.

From agreement with the CEO, whose business has invested more than 3.5 billion dollars in 60 countries, the microcredit system is a way to "achieve economic sustainability and ensure that those living in poverty status achieve a higher quality of life".

He also clarified that this form of financing achieves a double scope line: "Investment in microcredits generates a social impact and a financial impact. The activity benefits everyone, from the public or private investor to the recipient of the loan". This double impact is also generated with a multiplier effect, since, according to Fanconi, "for every million euros we receive, at least 200 individual loans are generated".

On the other hand, the executive pointed out that the microfinance sector is an area that is still largely unknown but highly sustainable, as it is far from the threats of conventional investments. "The impact of the investment is not immediate but long term deadline, so we are not so much affected by the Trump phenomenon or economic crises," he said, "We do not depend heavily on current events".

Fanconi also wanted to share with the students "how fascinating the industry is" during his own experience in the sector: "It is impressive, but all men, from all countries, from any religion or environment, have only one concern: to give the best to their family". Finally, he pointed out that the microfinance sector owes its origin to former UN Secretary General Kofi Annan, who promoted project to achieve one of the eight Millennium Development Goals development : the eradication of poverty.