Lily Steponaitis

Lily earned her Bachelor of Arts in Geography and Economics from the University of North Carolina at Chapel Hill in 2012 and completed her Masters in City Planning in the MIT Department of Urban Studies and Planning in 2014.  As the Just Banking Post-Graduate Fellow, she is working in collaboration with Dr. Katrin Kaufer and the 2015-2016 Mel King Fellows to develop curricula on the topic of values-based banking.  Values-based banks are grounded in the “real economy,” avoiding speculation and derivatives and working to serve communities by financing social and/or environmental projects and entrepreneurs.  Prior to her fellowship appointment, Lily wrote her Masters thesis on the effects network growth has on democratic engagement at Banco Palmas, the first community-organized bank in Brazil. Her interest in values-based and community-organized banks stems from a passion for understanding and building more just, democratic, and environmentally conscious economies.