The GLOBE (Global Loan Opportunities for Budding Entrepreneurs) initiative is a microloan program in The Peter J. Tobin College of Business at St. John’s University that engages students in international finance while fulfilling St. John’s Vincentian mission of helping those in need. Since its inception in 2009, GLOBE has given out microloans to borrowers around the world, in partnership with the Daughters of Charity, who coordinate the distribution and collection of funds. GLOBE is funded entirely by donations.
The program was founded by Linda M. Sama, Ph.D., who wanted to strengthen the impact that business principles and Vincentian values have on her students’ lives. She chose a hands-on approach. “After 20 years, I felt the need to stop merely writing about social issues and do something about them,” Sama explained. “I wanted to get students to start thinking about business as a positive vehicle for social change– that would have a greater impact than just writing an article in an ethics journal.”
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