Week 7

Accounting and Program Audit Team
Log # 7
By: Shawn Chowdhury

Poverty mapping is something that I’ve heard of before but have never really looked into.  Today Dr. Brenton, a professor of anthropology, helped shed some light on the subject of poverty mapping.  Dr. Brenton, who received his PhD in nutritional anthropology from the University of Massachusetts-Amherst, gave a lecture on utilizing mapping tools.  In the lecture he gave different features of Google Earth as well as other free map services that could be used to augment maps to convey some sort of message.

The presentation he gave was very insightful; Dr. Brenton showed the class how maps can be linked to data to augmented maps and help express different situations.  In his presentation, he showed us how the average amount of money women receive was different from the empowerment of women.  The maps use different indicators that are relevant to each situation.
 
These maps could be used as a visual aide to help teams find which areas are most likely to be helped.  Using key indicators will show what areas are most likely to cooperate and benefit from micro financing.  The accounting and finance team can most definitely benefit from using these new tools because of the obvious application of finding new regions to work with and seeing what resources are available.  The marketing and technology team can also benefit from this information by using the maps as visual presentation of how bad poverty is in some areas of the world.

Finance and Risk Assessment Team

Log # 7
By: Nattalia Balkaran

This week has been trialing as we experienced Hurricane Sandy. As a group of students who are trying our best to make a difference in the lives of others in third world countries it was especially gripping for GLOBE to continue onwards with our efforts. With tragedy at home, it is difficult to think about others; out of sight, out of mind. Witnessing the scramble for resources and people waiting for help is heart wrenching because we live in a first world country. We have become so accustomed to things being provided to us at ease that when something as tragic as this occurs, survival seems impossible. It made me realize, what do the people do in countries that are poverty stricken and have ineffective governments? How do they manage? We are very lucky to be able to know that our country has methods and ways of providing relief to those who are suffering, with a population and community that are willing to donate their time. In other countries, that is not the case. 

As GLOBE managers, we have to continue to seek out the people who need the most. With loans in regions such as Vietnam, a country that is not a stranger to natural disasters, at least our help would make a difference in that type of situation. Our loans are to empower individuals, to bring relief into their lives and to hopefully sustain them for the rest of their time on earth. It is to end the cycle of poverty, to have their children be educated and to be better off than they were; just as Peter Kimeu managed to do because of the help he received from others. What we can do today will benefit the lives of many others in the future. Our little loans can help make a change in the countries as generations continue to build upon one another. As time progresses, the little baker’s great grandchildren will be politicians, doctors and lawyers who will change the scope of the state. Even if this will take years to happen, there will be a day when that country will be able to provide for their citizens.  Supporters of GLOBE can think of their contributions as the “future forward payment.”

Marketing and Fundraising Team
Log # 7
By: Nurus Salam

For this week’s reading summary, the Marketing team was assigned Martin Osberg’s article “Social Entrepreneurship”. Before reading this article, I had watched a video about KIVA, a microfinance organization that allows people to lend money via Internet to people in developing countries, in class. Though we have talked about the social entrepreneurship in detail during class, this article pointed out the differences between social entrepreneurship and for-profit entrepreneurship.
 
In distinguishing the social entrepreneurship from for-profit entrepreneurship, the author mentions “the social entrepreneur’s value proposition targets an underserved, neglected, or highly disadvantaged population that lacks the financial means or political clout to achieve the transformative benefit on its own.” After reading Dr. Yunus’ book Banker to the Poor ,  it was really simple to understand why Martin Osberg mentioned that Social entrepreneurs choose to lend money to people that are not recognized by our traditional banking system, as if they do not exist.
    
Dr. Yunus, the pioneer of social entrepreneurship, showed the world that people with no financial history also could be trusted as evidenced by the borrowers of Grameen Bank, who have a very high loan repayment rate. Dr. Yunus’ decision to provide loan to neglected or as traditional bank would call undeserved people, not only proved to be a successful one, it was an innovative thinking as well. People in our society often think that small amount of money cannot make any difference; however, by starting up their own businesses.  Grameen Bank borrowers, through micro-finance, were able to lift themselves up from poverty. This shows that how important it is to have the courage and creative thinking in social entrepreneurship.
 
As for our outside class activity, the GLOBE class was preparing for the Annual Treat for Change event. However, due to University closure because of Hurricane Sandy, we had to reschedule our event to this coming Monday. Hurricane Sandy has washed away so many houses and left millions of people without power and basic necessities in this cold weather. As a result of this, we will be raising money for the Hurricane impacted people in the tri-state area, as well for our borrowers in different parts of the world.

Technology and Communications Team
Log # 7
By: James Vanie

The University was shutdown for the whole week because of the damage that Hurricane Sandy caused throughout the tri-state area.  Our daily lives were all greatly affected, especially for the ones who lived in certain parts of Long Island and lower Manhattan.

On Thursday, Patrick Diamitani and I met up with Positive Energy Group, an unofficial St. John’s organization, to assist with cleaning up the debris in the surrounding area of St. John’s University. About three hours into our efforts, Mujibur, a middle aged Bangladeshi man, stepped out from his house with an assortment of tools to help us.  Before offering his manpower and tools, he asked for our assistance to cut and remove a fallen tree that was obstructing the sidewalk and street. We learned later that Mujibur was raised in Chittagong, the same hometown as Dr. Yunus. More interesting than that, he studied economics under Dr. Yunus in his earlier years. During the day, the acquaintance was all too ironic. Later in the evening, I thought more about the core values of the people that I had worked with and met along the way. We all had something in common- a service and personal obligation to help others. At that point, the acquaintance did not seem so haphazard.

We created a synergy that attracted other likeminded people. Our volunteer work was definitely not the most impacting. We even received negative comments from a few of the local passers by, discouraging us from touching any of the debris. But this was our way of showing compassion through dedicating our time-it was our little stones thrown for the day. And the reward was a sense of self-fulfillment, clear sidewalks/streets, and a day spent with current and aspiring leaders of the world.
 
I realize that, while eradicating extreme poverty is most important to me, there are times when local communities need to come together to show their resilience in the presence of calamity. And through all the destruction and loss, I hope everyone can find something worth remembering from Hurricane Sandy.