MicroBusiness Mentors Mentores de la Microempresa 5 March 2003.
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Transcript of MicroBusiness Mentors Mentores de la Microempresa 5 March 2003.
MicroBusiness MentorsMicroBusiness MentorsMentores de la Mentores de la MicroempresaMicroempresa
5 March 20035 March 2003
School Poverty ESOL Mobility
Timpanogos 84% 46% 64%Joaquin 68% 51% 53%Franklin 70% 28% 54%Maeser 52% 36% 50%
Survey ResultsSurvey Results
• 71% of respondents annual income of $30,000 or less
• 48% do not have savings
• 81% are potentially interested in being self-employed
• 78% are potentially interested in receiving business training
• 55% are potentially interested in obtaining a loan
Let’s Meet Let’s Meet Juana PérezJuana Pérez
Credit: Roberta Barnes
Photo by: Roberta Barnes, ACCIÓN USA
I sometimes have to pay my I sometimes have to pay my loans with quarters and loans with quarters and
dimes, but I always make dimes, but I always make my payments on time.my payments on time.
–Juana Pérez–Juana Pérez
Let’s Meet Let’s Meet Mauro LeijaMauro Leija
Credit: Roberta Barnes
Photo by: Roberta Barnes, ACCIÓN USA
The guy at the bank said: ”Be The guy at the bank said: ”Be realistic—you’ll never get a loan. realistic—you’ll never get a loan. You have no college diploma, no You have no college diploma, no
capital, no history with any bank.”capital, no history with any bank.”
——Mauro LeijaMauro Leija
It was the right program at the It was the right program at the right time…ACCIright time…ACCIÓÓN had the N had the confidence that my business confidence that my business
could succeed. could succeed.
–Mauro Leija–Mauro Leija
TrainingTraining
Basic business principlesBasic business principles
Eight sessions, eight weeksEight sessions, eight weeks
Training required for loanTraining required for loan
Group SupportGroup Support
Mutual supportMutual support
Members approve loans, assume Members approve loans, assume responsibilityresponsibility
Members share ideas and Members share ideas and experiencesexperiences
MentorsMentors
Mentors have experienceMentors have experience
Mentors provide regular supportMentors provide regular support
LoansLoans
Follow completion of trainingFollow completion of training
Monthly payments for a yearMonthly payments for a year
Payment leads to additional loansPayment leads to additional loans
Help establish creditHelp establish credit
Group members take responsibilityGroup members take responsibility
CreditsCredits Kathleen Gordon, Kathleen Gordon, Micro-Business, USAMicro-Business, USA Kathy Ricci,Kathy Ricci, Utah Microenterprise Loan Fund Utah Microenterprise Loan Fund Buddy Richards,Buddy Richards, BYU Dept. of Ed. Leadership and Foundations, former BYU Dept. of Ed. Leadership and Foundations, former
Bishop of 80 single mothersBishop of 80 single mothers Dale Porter,Dale Porter, Timpanogos Elementary School Timpanogos Elementary School Paul Glauser Paul Glauser and and Bob Horton,Bob Horton, Provo Redevelopment Provo Redevelopment Bill Crim,Bill Crim, Utah Issues Utah Issues Dennis Hall,Dennis Hall, Provo Business Development Committee Provo Business Development Committee Myla Dutton, Myla Dutton, Community ActionCommunity Action Steve DensleySteve Densley, Provo-Orem Chamber of Commerce, Provo-Orem Chamber of Commerce
United Way of Utah CountyUnited Way of Utah County Small Business AssociationSmall Business Association Utah Valley Economic Development AssociationUtah Valley Economic Development Association Bear River Association of GovernmentBear River Association of Government Acción USAAcción USA Grameen Foundation USAGrameen Foundation USA