Microfinance Program (Globe) - One Year Later

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TitleMicrofinance Program (Globe) - One Year Later
Publication TypeJournal Article
Year of Publication2010
AuthorsSama, L. M.
JournalReview of Business
Date PublishedSpring2010
ISBN Number00346454
KeywordsLOANS, MICROFINANCE, N.Y.). Peter J. Tobin College of Business, NEW York (N.Y.), NEW York (State), poverty, ST. John's University (New York

The article presents an update on the Globe microfinance program of the Peter J. Tobin College of Business of the St. John's University in New York as of April 2010. It describes Globe as a student-managed, academic microlending program which aims to establish a global community that will have a role in the eradication of poverty. It adds that the program has raised nearly 60,000 U.S. dollars within a year since its inception. Under the program, loans ranging from 60 dollars to 500 dollars are provided.


Food for Thought

A Catholic university is called to become an evermore effective instrument of cultural progress for individuals as well as for society. Included among its research activities, therefore, will be a study of serious contemporary problems in areas such as the dignity of human life, the promotion of justice for all, the quality of personal and family life, the protection of nature, the search for peace and political stability, a more just sharing in the world’s resources and a new economic and political order that will better serve the human community at a national and international level.

Pope John Paul II,
Ex Corde Ecclesiae (32)