Paul Christensen
Paul Christensen

FINANCE; INTERNATIONAL BUSINESS & MARKETS
Clinical Professor of Finance
Academic Director of Global Study Programs
Senior Advisor for Global Strategy

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Paul Christensen is Associate Dean and Executive Director, Global Programs and Clinical Associate Professor of Finance at the Kellogg School of Management where he teaches courses on microfinance and international business. In addition, he helps direct the school’s International Business and Markets Program where he is involved in international curriculum development, visiting scholars and executives, student club activities and alumni outreach. Prior to Kellogg, Paul served as the founder and President of ShoreCap International Ltd., a $28 million private equity company sponsored by ShoreBank Corporation which invests in financial institutions in developing countries throughout Africa, Asia and Eastern Europe. Having established the company in London, Paul built a portfolio of 15 leading development finance institutions serving over 1,000,000 microfinance and small business clients and produced annual fund returns in excess of 20%. From 2000-2003, Paul served as President and CEO of ShoreBank Enterprise Group, a $12 million-asset small business development organization in Cleveland, Ohio. Prior to joining ShoreBank, Paul was an Engagement Manager for the consulting firm, McKinsey and Company, where he focused on operations performance, organizational effectiveness and strategic planning for clients in the financial services, manufacturing, consumer goods, petroleum, and electric utility industries. Paul received an MBA with distinction from Cornell University and a Bachelor of Arts, economics, summa cum laude and Phi Beta Kappa, from Dartmouth College.

  • Recent Media Coverage

    Shanghai Business Review: Growing Up

    Medill Reports: Opportunity International reduces poverty for millions of people through microfinancing

    Microfinance Insights: The Goose that Laid the Golden Egg: Can Microfinance Fulfill its Promise?

    See all Kellogg in the Media
Print Vita
Education
MBA, 1992, Cornell University
BA, 1987, Economics, Dartmouth College, Phi Beta Kappa, Rockfeller Prize in Economics, Summa Cum Laude

Grants and Awards
Kellogg Nota Bene Speaker, Class of 2009, May 13, 2009
Recipient of Certificate of Impact teaching award for Microfinance class, June 5, 2009
Selected for the 2009-2011 Emerging Leaders Program of the Chicago Council on Global Affairs, September 2009

 
Print Research

 
Print Teaching
Full-Time / Part-Time MBA
Microfinance & the Role of Financial Institutions in Development (FINC-937-0)

This course counts toward the following majors: Finance, Social Enterprise, International Business

Historically excluded by traditional financial service providers, the majority of the world’s three billion people living on less than $2 per day have no access to formal savings, loan, insurance and payment services. Over the past 35 years, specialized microfinance institutions have sprung up around the world to meet the financial needs of poor people and help lift them out of poverty. This class provides an in-depth overview of the global microfinance business, tracing its evolution from a social, NGO-dominated movement to an increasingly commercial $50-billion industry. Readings, lectures and case studies will be used to highlight current microfinance practices and explore how global capital markets are responding to the huge latent demand for financial services from the poor. Students will also learn how international microfinance models have been applied to low-income and underbanked segments of the U.S. economy and what lessons can be learned from domestic institutions seeking to serve this market in a profitable way.