Tobin College of Business--Marketing Students on Staten Island Provide Promotion Consulting to GLOBE Microloan Program

November 11, 2009

In collaboration with the university’s Academic Service Learning, marketing students in the Fall 2009 Sales Promotion course on the Staten Island campus have developed a strategic sales promotion plan that will be implemented on the Staten Island campus during the week of November 16th, in support of the GLOBE Microloan Program.

As a student-managed program, the GLOBE (Global Loan Opportunities for Budding Entrepreneurs) Program is guided by its mission to help alleviate poverty in developing countries by providing small business loans to entrepreneurs in impoverished areas who would otherwise not have access to traditional sources of credit. GLOBE is inspired by the work of 2006 Nobel Peace Prize-winner Muhammad Yunus, founder of Grameen Bank and pioneer of modern-day microcredit targeted at the world’s poorest entrepreneurs, mostly women, with the aim of lifting them and their families out of poverty.

The main events of the fundraiser, which will be held during International Education Week (November 16-19), will be a week-long 50/50 raffle with a culminating event on November 19, 2009. Raffle tickets will be sold on campus November 16-19 and winners will be announced at the November 19 event.

On November 16-19, raffle tickets will be sold in DaSilva Hall and students will be on hand to provide information about GLOBE. Contests and games will be conducted in the cafeteria from noon to 3 p.m. on November 19.

Thus far students have collected prizes that include: sports jerseys, video games, baskets of coffee and chocolate (provided by the Ozanam scholars), NFL tickets and other desirable items, all of which were donated to the cause by Dean Narducci, Student Life, the Ozanam Scholars and others. Representatives from Greek Life and the Accounting Club have also agreed to help, in a campus-wide involvement.

This event is designed with several outcomes in mind: to raise awareness of the GLOBE microloan course which is open to Staten Island students, to raise funds for the loan program, to learn more about sales promotion practice and to connect our campus to GLOBE.

In conjunction, Dr. Linda Sama's GLOBE class will be holding an appreciation luncheon on Tuesday, November 17th to honor donors and supporters of the program. At the luncheon, students will share updates and information on the progress and current goals of the program.