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ITC Clients

Clients of the ITC have included: 

  • ANDE
  • Ashoka
  • Aureos Capital Limited
  • Blue Sky Projects LLC
  • BRAC
  • Calvert Foundation
  • CentriCycle
  • Concero Connect
  • Consultative Group to Assist the Poor (CGAP)
  • Design Innovations for Infants and Mothers Everywhere (DIIME)
  • Doctors United for Haiti (DUFH)
  • E+Co
  • Farm Shop Trust
  • FINCA International
  • Global Partnerships
  • Grameen Foundation
  • Grassroots Business Fund
  • Gray Ghost
  • Habitat for Humanity International
  • HoneyCare Africa
  • Humo Micro Lending Fund
  • International Association of Microfinance Investors (IAMFI)
  • International Finance Corporation (IFC)
  • Lumana Association
  • MCM Group International
  • MFX Solutions
  • MicroEnergy Credits Corporation (MEC)
  • Movirtu Limited
  • Oikocredit
  • PACT World
  • Peace Dividend
  • Pilus Energy
  • Planet Rating
  • Root Capital
  • Russian Microfinance Center (RMC)
  • Tides Foundation
  • Unitus Impact
  • Village Capital 




"The structure of the clinic is great for what we need as high-growth social enterprises, because it allows for the time and dedication to get to know our businesses and culture and risks, rather than rushing to template solutions that really aren't a good fit. It's also obvious that you can tap into a wealth of experience across different fields. I'm looking forward to our next project!"  Madison Ayer, Director, Honey Care Africa.



"Supporting microfinance institutions in poor countries requires special skills and knowledge. The traditional rules of international business were written for banks and other big players, and not for investments in microfinance. The next generation of lawyers should use the law to promote the global effort to reduce poverty. We are delighted that the University of Michigan has taken on this challenge."  Robert Bragar, former General Counsel, Oikocredit



"This clinic is a terrific opportunity for students to have a 'hands on experience' on cross-border lending and equity transactions involving microfinance institutions.  This is also a fabulous opportunity for IFC to contribute to the the training of a new generation of lawyers who will have an interest in the microfinance world.  IFC is delighted to have the opportunity to participate in this exciting journey."  Caroline Kahn, Chief Counsel and the Global Lead Counsel for Transportation, Legal Department, International Finance Corporation (IFC).



"The interest and depth of knowledge of all the students, both in the business school and law school, is truly impressive. It is clear that increased interexchange between the business students and law students can only lead to stronger skills sets, and opportunity, in the field of social development and investment."  Anne M. Murray, former Senior Development Officer, E+Co.


“We are very grateful for what you are achieving in these projects, on behalf of the literally thousands of microfinance sector participants who want the information you are compiling; now they won't have to do the same time-consuming work.  Your contribution to IAMFI is at the heart of our mission - to compile and organize fragmented, incomplete, non-standardized information from multiple sources - with the goals of 1) helping investors and others understand the microfinance landscape better and 2) lowering the hurdles to investment in the sector, in benefit of the 1.5 billion unbanked poor who still need access to financial services.”  Joan Trant, former Executive Director, International Association of Microfinance Investors (IAMFI).


"The international transactions clinic did a superb job reviewing our local transaction documents, identifying risks, and offering solutions.  The support has allowed Grameen Foundation to be more effective in deploying capital for microfinance institutions around the world.  It's exciting to see a cadre of talented young lawyers engaging in the microfinance space."  Camilla Nestor, Vice President, Financial Services, Grameen Foundation.


"As a social venture operating around the world, we were thrilled to find the International Transactions Clinic.  Its team of talented young lawyers worked tirelessly to accomplish key transactions enabling clean energy system financing via the carbon markets."  James Dailey, Co-Founder, MicroEnergy Credits.


The ITC at times collaborates with law firms to support its clients. In each case, the law firm is offering its services to the ITC and clients of the ITC on a pro bono basis.  Collaborating law firms include:  Bingham McCutchen LLP (,  DLA Piper LLP (US) (, Paul Hastings LLP (,  Reed Smith LLP (, and  Shaub & Williams LLP (

Here is what one student says about an ITC/law firm collaboration:


"Carl [of Bingham McCutchen] has been nothing but generous with his time in helping us understand the transactions we’re working on, . . .  Other lawyers might have become impatient with my rather basic questions, but Carl took every opportunity to ensure that we fully understood the reasoning behind every contractual clause, the tactics we were pursuing, and the suggestions we were making to our client.  That’s why the skills students hone during microfinance transactions will also prepare them for transactions that are more macro than micro, . . .  My understanding of the transaction we were working on – and international transactional work in general – increased immensely," Domanskis said. "And Carl's involvement with students wasn’t restricted to the transaction; he genuinely took an interest in us as people and offered himself as a resource as we graduate and enter the real world."  Maria Domanskis, '09



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