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
Volume30
Pagination80-81
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
Abstract

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.

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Food for Thought

Catholic universities will be particularly attentive to the poorest and to those who suffer economic, social, cultural or religious injustice. This responsibility begins within the academic community but it also finds application beyond it.

Pope John Paul II, Ex Corde Ecclesiae (40)