John Hatch

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. Childhood and Family 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 Education and early career 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. Following his duty tour in Colombia he briefly served as an instructor in two Peace Corps training programs. Then, in early 1965 he was recruited as a regional Peace Corps director for Peru. Over the next 30 months he supervised some 55 volunteers working in agricultural cooperatives and credit unions serving the poorest. He returned home for graduate studies at the University of Wisconsin–Madison, obtaining an MA in Economic History (1970) and a PhD in Economic Development (1973). In between (1970–71) a Fulbright grant allowed him to spend two crop cycles as a hired labor to 30 peasant farmers in Peru, documenting the power and wisdom of their traditional farming practices. The experience taught him deep respect for the subsistence skills of the poor.