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Internship Program ProspectusSummer 2014

Academic Year 2014-2015

! break boundaries and change lives.! ! join us on the cutting edge of finance and law.

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WHO ARE WE?Kaire Capital is a non-profit, student-founded social enterprise dedicated to providing sustainable, commercial solutions to alleviate poverty and economic inequality.

Kaire operates as a microfinance fund management firm, providing financial and banking services to poor consumer segments that ordinary banks won’t even touch.

Over the past few years, we have been changing the lives of poor people throughout the world,and now, we want you to be a part of it.

Three years ago, a group of international students in Shanghai, witnessing widespread poverty, decided it was time for the world’s youth to have a say in the economic system that shapes our world. Bringing together knowledge from their developmental economics curriculum, these students set out to begin an exploration into the world of microfinance. Harnessing the resources in their community, they changed the lives of countless people.

Today, our team has changed, our operating base has relocated, and our business practices have grown more sophisticated. But we have maintained the same mission: to give poor people a way to control their own financial destiny.

WHAT WE DO: AN OVERVIEWWe accumulate financial capital in our community, pooling together resources from investors, donors, and institutions, and manage these assets in the form of a microfinance investment portfolio.

Our Financial ProductsThink of what corporate banks and asset management firms do: lend and invest. That’s essentially similar to what we do, except our investments and loans are not disbursed into companies or the capital markets, but into people. People who rely on our capabilities to uphold their dreams and ambitions.

Whether it be by purchasing microequity in a poor person’s business idea, or disbursing a microcredit loan for a promising student’s education, we offer a variety of financial products that take private sector concepts and use them to give the poor a shot out of poverty.

In a world where poverty-alleviation projects are overwhelmingly unsustainable, and the world’s poor have become increasingly reliant on patronizing handouts, we seek to change that dynamic.

We create respectful, reciprocal, and sustainable business relationships with our clients. That way, although we provide philanthropic services far below market rates, we know that our clients have the will and entrepreneurial spirit to succeed on their own once we have given them their ‘training wheels’

In order to achieve what we aim for, we give our analysts opportunities to participate in tasks that few other internship experiences would allow. From financial modeling to portfolio management, legal due diligence to investor relations, we make sure our analysts leave with skills that set them apart from the rest of the pack.

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OUR PEOPLE: TRUE DIVERSITY

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“I have been involved in finance throughout much of my adult life, but I never found a way to truly bridge finance and social responsibility until I started at Kaire. Now I make it my mission to help our students down the same path I went.”

Louisa Xia, Managing Director (EMEA)Analyst, Bank of America Merrill Lynch

“At Kaire I have had the pleasure of collaborating with some of the brightest students I have ever encountered. I thought working from New York would be a challenge, but Kaire has been anything if not accommodating.”

Jack Chen, Economic AnalystColumbia University Class of 2017

In order to leverage the vigor and passion of society’s youth, we harness a wide scope of talent. In line with our goal to provide an educational and professionally valuable to university students, most of our staff are undergraduates at leading universities around the world. Industry professionals currently working in nonprofits and investment banking are staffed in part-time advisory and management positions to provide industry insight while mentoring our students.

Based out of the University of Hong Kong, we recruit most of our talent from a highly competitive pool of undergraduate students. Joining them are students research teams based out of New York and London, drawn from institutions such as the London School of Economics, Imperial College London, and Columbia University.

“As an HKU student, I think it’s safe to say that there are few, if any opportunities like Kaire in which you gain a real leg up on your industry of choice while truly making a difference.”

Robert Clark, Business AnalystUniversity of Hong Kong, Class of 2017

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OUR TRACK RECORD

40121$1.6

OPERATINGCOUNTRIESSATISFIEDCLIENTS

Europe7%

MENA8%

N. America5%

S. America38%

APAC20%

SS Africa22%

MILLION USDIN S-ROI*

OVERSEAS ENGAGEMENT HISTORY

*As per Q3 2013 independent valuation by microfinance NGO ‘Vittana Foundation’; Current growth adjustments excluded

REGIONS BY TOTAL INVESTMENTS

OUR CANDIDATE PROFILEOur human capital drives our success, and we thus consider our recruitment process extremely vital to the performance of the organization. There is nothing in an organization that can compensate for good talent, and thus we select our candidates extremely carefully. To assess whether a candidate is suitable for a placement in one of our internship programs, we use a holistic judgment of academic, professional and personal factors. While grades are an important indicator of work ethic, we find that personality, interview performance and work experience offer equal indications of success with us. Though there is no ideal profile which we seek, the statistics below might give you a picture of the people that work with us.

43 AVERAGE IBDP SCORE

AVERAGE CGPA 3.5

NONLOCAL64%

LOCAL36%

UK25%

USA13%

HONG KONG63%

NATIONAL ORIGIN UNDERGRADUATE INSTITUTION

SOCSCI/HUM13%

LAW33%

OTHER7%

BUS/ECON47%

FIELD OF STUDY

8%2013 RECRUITMENTACCEPTANCE RATE

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BUSINESS ANALYST PROGRAM: CLIENT-FACING

INTRODUCTIONOur Business Analyst Program is a premier opportunity for undergraduate students to work with a like-minded peer group comprising some of the most excellent students in the fields of finance, economics and business. We also give you the opportunity to work alongside full-time professionals at leading investment banks and non-profit organizations. With a variety of different departments on offer, there will always be something to pique your interest. There are two client-facing roles available, each one essentially either spending capital or raising capital, and each working with a different group of clients

ASSET MANAGEMENT DEPARTMENTOur Asset Management group serves at the frontline of our business model, choosing where and how our capital will be invested. Our AM team develops and implements financial products for a variety of impoverished clients, i.e. student loans, agribusiness loans, retail venture capital, etc.

Job Description:• Client-side financial due diligence

• Assessing the financial needs of the client• Assessing the financial impact of the investment

• Risk assessment and analysis• Managing default and foreign exchange risk

• Portfolio management• Client data collection and interviewing; site visits

Our Past Client Deliverables:• Helped a poor group of mothers in the DR Congo

start their first consumer retail business, putting income in the hands of multiple families below the poverty line while giving their children livelihood

• Sent Maria, a poor Paraguayan student, to medical school. Maria is currently saving lives, offering an infinite return on our investment.

• Helped a group of farmers in Cambodia recover from a bad harvest, enabling them to grow more rice and pineapple to continue operating for a year

• Over 100 more success stories worldwide.

BUSINESS DEVELOPMENT DEPARTMENTOur Business Development group enables our entire organization to thrive, raising capital from a combination of institutional investors and benefactors. Our BD team primarily develops and markets CSR (Corporate Social Responsibility) products, and packages them for sale to private corporations. A role with BD gives you contact and an unparalleled networking opportunity with private and public sector professionals from a variety of industries, in particular the finance, banking and non-profit industries.

Job Description:• Product Development:

• Creating innovative ways to deliver social and economic impact reporting to private investors

• Product Marketing:• Creating sophisticated ways to package our ideas

and products, developing marketing and sales strategies

• Sales: approaching long-standing or new corporate clients to sell our CSR products

• Client Relationship Management (CRM)• Maintaining intimate and professional

relationships with our clients• Managing client investment accounts

WHAT WE LOOK FORWhile we accept applications from any student as a matter of organization policy, we do maintain several selection guidelines that we are likely to consider:

• Candidates should be on track for at least a 2:1 (UK) or a 3.0 GPA (US and HK)

• Candidates may apply in any year of their degree• For BD, candidates studying their degree in Hong

Kong will be prioritized• For AM, candidates should be studying a degree with

quantitative exposure (e.g. business, physics)

Our client-facing roles also require, in general, a type of personality and energy that cannot come across in paper applications. This will be assessed during interview.

BUSINESS ANALYST PROGRAM: RESEARCH

INTRODUCTIONRoles on our Research Analyst Program are primarily targeted at undergraduate students studying in the United States and the United Kingdom. Selected students can either join one of our research teams based out of New York and London, or act as an independent researcher if their home institution is not in these locations. However, there are several positions available in Hong Kong for extremely qualified and passionate students.

OUR RESEARCH ANALYST PROGRAMOur analysts will conduct operational environment research in an area most related to their degree of study, or in the area which most interests them. Kaire operates and invests in a variety of economic, political and social environments. Our investment team needs to acquire a multifaceted understanding of these environments in order to have good judgment and decision-making. This is where our research team comes in, providing detailed understanding and reports on select environments. Research areas are as follows:

Economic Research• Macro-level analysis on the region and sub-region:

• Assessing whether economic growth in the region is conducive to investments in target industries

• Assessing the policies and regulations of national financial institutions and their impact on microfinance investing

• Micro-level analysis on industries and sectors• Assessing future growth potential for a given

agricultural product, or future demand for a university degree

• Assessing both export-related and domestic risk factors for certain industries

• Developmental Economics Analysis• Pinpointing regions or communities in dire need

of financial assistance or economic growth.• Making expansion recommendations for our

investment team

Sociopolitical Research• Analysis on the political developments of a certain

country, subdivision or municipality:• Assessing the stances of political leadership on

the treatment of certain industries or economic aid to certain communities

• Analysis on the gender gap and demographic empowerment techniques

• Locating regions ripe for the introduction of the economic empowerment of a certain gender or ethnic group

• Pinpointing regions in dire need of empowerment for a certain disadvantaged demographic

WHAT WE LOOK FOR

While we accept applications from any student as a matter of organization policy, we do maintain several selection guidelines that we are likely to consider:

• Candidates should be studying a degree in a social science related discipline

• Candidates should be on track for at least a 2:1 (UK) or a 3.3 GPA (US and HK)

• Candidates should provide writing samples from previous reports on economic or political issues

ANALYST APPLICATION DETAILS:

Students in Hong Kong• Apply via CV and Cover Letter to

careers@kairecapital.org• Selected students will be placed in a generalist

rotation position, although candidates are welcome to note an area of interest in their application

Students Overseas• Apply via CV and Cover Letter to

careers@kairecapital.org• Selected students should note whether they wish to

apply for a client-facing rotation, or a research role

WORKING WITH THE BESTUnderstanding that our legal analysts will likely be unexperienced in the practice of law, here at Kaire we make sure they are not alone in the face of daunting legal tasks. As a pro-bono client of Allen & Overy LLP, Kaire legal analysts will have the opportunity to work alongside some of the brightest in the field of banking and finance law

In order to give our students a challenging learning curve, the relationship between our students and our lawyers is based on the understanding that initial legal work will be done by our students. We find that students learn most effectively when launched headfirst into complex legal issues, with assistance only coming after their faculties of legal reasoning are engaged fully. Through this process our students learn by doing.

LEGAL ANALYST PROGRAM

INTRODUCTIONWe offer a select number of bright law students the opportunity to do commercial and corporate legal work in a capacity most law firms would not even offer in their vacation schemes.

Our in-house legal team forms the backbone of every essential aspect of our business. For instance, when our management wishes to incorporate in a jurisdiction and comply with charity requirements, our team will draft legal research memos in line with corporate governance and structuring regulations. When our Asset Management team wishes to make a microfinance investment, our team will draft unsecured loan agreements, giving them exposure to the dynamics of financing law. When our Business Development team sells a CSR package to a corporation, our team will draft entire commercial contracts for these products.

WHAT WE LOOK FOR & HOW TO APPLYOur legal analyst program is highly selective. While we accept applications from any student as a matter of organization policy, we do maintain several selection guidelines that we are likely to consider:

• Candidates should be studying a mixed or single honors law degree from a HK or UK university

• Candidates should be on track for at least a 2:1 (UK students) or a 3.3 GPA (HK students)

• Candidates should have completed modules on Contract Law and Legal Writing (or equivalents), but may otherwise apply any time in their degree.

• Previous work experience is a large consideration

Candidates should apply via CV and Cover Letter to careers@kairecapital.org, with their most recent grades made clear.

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WHERE OUR STUDENTS GO: YOUR FUTURE

FINANCE & INVESTMENT BANKS LEGAL CONSULTING & ADVISORY

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NON-PROFIT OTHER

Here at Kaire Capital we take up an intimate role into the professional development of our talent. The students we recruit are exceptional in their own right: but we make them better.

Through career advice and workshops from industry professionals working within our organization, we provide a first-hand look into the worlds of investment banking, corporate law, consulting, as well as non-profit management.

All local analysts interning with us are guaranteed a secondment in the Business Development department, giving them significant client-side contact with private sector professionals from leading financial institutions and professional services firms. Our analysts also maintain cooperative relationships with groundbreaking nonprofits.

PlacementOur interns have historically placed extremely well into their industry of choice, with a full list of offers and destinations for internships and graduate employment from the companies shown above.

Our RoleDuring recruitment season, Kaire upperclassmen and industry graduates guide our analysts through an extremely nuanced resume drafting, case study, and interview prep process, giving students an indisputable advantage in their professional development.