Dr. Sama and the GLOBE Fellows visited the Philippines from May 23rd to June 1st, 2016, hosted by the Daughters of Charity. The Philippines is the 6th country in which GLOBE has expanded its operations. During the visit, the Fellows met 34 of the 36 GLOBE borrowers.
This past semester, GLOBE managers held the annual gathering called the GLOBE Mixer. Students from the Spring 2016 class were reunited and introduced to former GLOBE managers, alumni and donors to update them on the current happenings of the program.
This semester GLOBE is expanding its operations to a 6th country, the Philippines. In February, GLOBE Program Director, Dr. Linda Sama travelled to the Philippines and met with the Daughters of Charity, introducing them to the microloan program. As a result, GLOBE received 36 loan applications from three different regions of the Philippines.
GLOBE Managers Don’t Just Set Goals… They DOUBLE Them!
GLOBE’s first ever Crowdfunding campaign, #94globeborrowers, was a huge success! Spring 2015 GLOBE Managers worked with St. John’s Office of Institutional Advancement and GiveCampus to launch this exciting fundraising campaign. The goal of the campaign was to get 94 unique donors within 30 days.
Fall 2014 Managers Give "Thanks" to GLOBE's Supporters
Building upon the momentum of GLOBE’s 5th Year Anniversary, the GLOBE Fall 2014 Managers hosted the annual GLOBE Appreciation Luncheon in honor of the program’s donors and supporters. The presentation featured an introduction by Dean Shoaf and a moving role-play where the managers embodied two of GLOBE’s borrowers and told their stories. The event was once again a huge success and this semester’s GLOBE Managers effectively demonstrated the value of the GLOBE program within the St. John’s community.
3rd Annual Mixer Celebrates GLOBE's 5th Year Anniversary
The annually held "Friends of GLOBE" Mixer was once again a huge success and effectively commemorated the 5th year anniversary of the student-led, microfinance program. Nine out of eleven semesters of GLOBE Managers, both former and current, were in attendance as well as numerous St. John's faculty and GLOBE supporters.
GLOBE Fellows Facilitate Program Expansion to Nicaragua
This past summer, former GLOBE Managers Felipe Juan, Megan Lane, Sally Ren, and Nurus Salam traveled to Nicaragua as GLOBE Student Fellows along with program director Dr. Linda Sama. This was a great learning opportunity for these students to immerse themselves in the culture and gain first-hand experience at fieldwork in impoverished communities, which is a vital part of GLOBE. GLOBE’s partners, The Daughters of Charity, were extremely helpful and took the Fellows to communities to meet potential borrowers. Nicaragua is a new market for GLOBE; as a direct result of the trip, three new applicants were approved. The Fellows Program has once again proved to be an essential supplementary facet to the microfinance course.
Asian Pacific Heritage Month- Human Trafficking Conference
The GLOBE Spring 2013 class had the opportunity to staff a GLOBE informational table at the OMA's Human Trafficking Conference held on April 6, 2013. The conference's goals included increasing awareness and activism in stopping the trafficking of humans, exploring the role of the travel industry in human trafficking, and creating an agenda for action with the participants of the conference. GLOBE managers actively networked with the conference's participants and presenters to spread the word about GLOBE, effectively tying in the role of microfinance as a possible combatant of human trafficking.
TBCAA Speed Networking Event
The GLOBE spring 2012 class had the opportunity to attend the Tobin College of Business Alumni Association Speed Networking event on February 16th 2012. TCB Alumni went from table to table getting to know students and providing valuable advice regarding careers throughout the night. GLOBE managers had the pleasure of meeting some of St. John’s TCB alumni and informing them about what GLOBE is all about.
Grand Opening of the Grameen America Bronx Branch Office
The opportunity to see Muhammad Yunus at the Bronx Museum of the Arts for the opening of the Grameen Bank’s new Bronx branch helped make the bank a more real, tangible entity in my mind. Grameen’s work intrigued me from the moment I read about it, but it also seemed like a distant, foreign idea rooted half a world away.
Looking Back at Spring 2011
The Globe managers worked hard to achieve their goals for the semester, and in the end, went far beyond their initial expectations. The managers worked in their respective teams, managing and implementing ideas and plans that kept the program’s progress as the main focus. They organized events, created marketing campaigns, developed a new promotional item, gave out new loans and fundraised to add to the GLOBE Fund.
Globe Hosts Second Fundraiser
The GLOBE managers organized their second bake sale of the Spring semester on Monday, March 28 to raise funds and increase awareness of GLOBE among students and faculty. In addition to baked goods, GLOBE promotional items were also sold.
Valentine’s Day Bake Sale
The GLOBE managers organized their first bake sale of the spring 2011 semester on February 14; the Marketing Team organized a great event with the help of the entire class. The class baked an assortment of cookies and cupcakes to help raise money for GLOBE.
That micro-lending will only successfully alleviate poverty if loans are designed with the borrowers in mind, and not the other way around. Microfinance is not a field firms should enter to reap large monetary rewards or high returns on investment. When done correctly, profits for firms are minimal, but the quality of living in the communities in which micro-lending is successful increases dramatically because borrowers are empowered to help themselves and their neighbors.