On April 3rd, Elon Microfinance Initiative began its month-long celebration of the Month of Microfinance. The Month of Microfinance was created to foster an entrepreneurial spirit among student groups and professional organizations with a passion for microfinance and social business. Elon Microfinance Initiative is a proud endorsing partner of the Month of Microfinance movement.
EMI’s first action this month was to spread the word about microfinance. EMI members considered the social and economic impacts of microfinance, and communicated their responses through social media channels using #MicrofinanceCanBe. “Microfinance helps generate hope through financial empowerment,” noted Michael Visconti, EMI’s VP of Operations. “Kiva loans provide us a way to help those in need and provide much needed inspiration.”
EMI is also excited to partner with Slow Money NC, a North Carolina-based microfinance institution that provides loans to businesses in the agricultural sector. In addition, a group of EMI students will present a project as part of Elon University’s Triple Impact Challenge, a contest designed for students to present solutions to social concerns. The Challenge will take place Thursday, April 17th. Additionally, EMI looks to develop a university-wide Kiva team at Elon University to spread the word about microfinance and its impact in a global community. We are confident that the Elon community will embrace our goals and support us in our quest to end poverty worldwide.