GLOBE, a student-managed academic program at St. John’s University, provides loans to entrepreneurs in the developing world. Through GLOBE, students are educated about the world of microfinance while helping the poorest of the poor help themselves and their families out of poverty. Student management permits a low-cost administrative structure with very little overhead costs. The Daughters of Charity act as field partners and identify worthy loan candidates, make recommendations, disseminate funds and collect loan repayments in an ongoing effort to reduce poverty and distress in the communities in which they work.
