John Keith Hatch | |
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Born | November 7, 1940 Pullman, Washington |
Nationality | American |
Occupation | Founder, FINCA International |
Dr. John Keith Hatch (born November 7, 1940) is an American economic development expert and a pioneer in modern-day microfinance. He is the founder of FINCA International and the Rural Development Services (RDS), and is famous for innovating village banking, arguably the world’s most widely imitated microfinance methodology.
Hatch was born in 1940 in Pullman, Washington. His father, a college professor, could trace his ancestors back 14 generations to the first Pilgrim baby born in the New World. His mother, born in Costa Rica, had ancestors which included an authentic conquistador, a railway-builder, and a co-founder of Pan American World Airlines
After high school in Massachusetts and a BA in History from Johns Hopkins University, in July 1962 Hatch joined the Peace Corps for a 2-year tour of duty in Colombia. Trained as a "community development" volunteer, he was assigned to a semi-urban barrio known as Hoyo Sapo ("Frog Hole") on the outskirts of Medellín. There, he helped organize the community to construct sewer lines, streets, a community center, library, soccer field, and a footbridge. It was also in Medellin that he became fluent in Spanish, embraced Latin culture, and was first exposed to severe poverty, infant malnutrition, and illiteracy. Little did he realize at the time that he had just embarked on a career of service to the world's poorest families that would continue uninterrupted for the next four decades of his life.