2008 Woodie Awards
SectionsBeta Alpha Psi raises money for lending programs in Kenya
Christie Davenport
Issue date: 11/16/07 Section: Features
- Page 1 of 1
In lending each of their hands to a good cause, a fraternity at Missouri State University is fundraising for micro-lending programs in Kenya.
Beta Alpha Psi, a national honors fraternity for accounting and finance majors, decided to start working on a project these past few months to help raise awareness of the economic situations in developing countries.
Micro-lending, according to Caleb Ebel, Beta Alpha Psi director of service activities, is the most productive way to help developing countries.
Ebel said he really likes the 'Pay It Forward' micro-lending project that the fraternity is raising money for and thinks it is a really great cause.
"Micro-lending is when small loans are given to enterprise groups and businesses in order to give them the money that they don't have so that they can buy equipment and materials used to earn a living," Ebel said.
"Once that business pays off the loan, the process starts back over where the loan goes to another cause," Ebel said. "It's the 'Pay It Forward' project."
"We have sent out letters to nearly 250 businesses in Missouri and will be sending information to all COBA and economic department staff and faculty soon," Ebel said.
According to Ebel, not only those who are contacted by Beta Alpha Psi can get involved.
"We would love for students to give donations," Ebel said. "Even if it's just change or $1."
The fraternity also would like to have other organizations get involved with the project as well, Ebel said.
"We have a goal of raising $5,000, and I personally think we could do even more than that," he said. "This is a great opportunity to really make a difference in the quality of life for those groups in Africa."
Students interested in helping out with this project, donations can be taken to the School of Accountancy office in Glass 439, or contact Caleb Ebel.
Beta Alpha Psi, a national honors fraternity for accounting and finance majors, decided to start working on a project these past few months to help raise awareness of the economic situations in developing countries.
Micro-lending, according to Caleb Ebel, Beta Alpha Psi director of service activities, is the most productive way to help developing countries.
Ebel said he really likes the 'Pay It Forward' micro-lending project that the fraternity is raising money for and thinks it is a really great cause.
"Micro-lending is when small loans are given to enterprise groups and businesses in order to give them the money that they don't have so that they can buy equipment and materials used to earn a living," Ebel said.
"Once that business pays off the loan, the process starts back over where the loan goes to another cause," Ebel said. "It's the 'Pay It Forward' project."
"We have sent out letters to nearly 250 businesses in Missouri and will be sending information to all COBA and economic department staff and faculty soon," Ebel said.
According to Ebel, not only those who are contacted by Beta Alpha Psi can get involved.
"We would love for students to give donations," Ebel said. "Even if it's just change or $1."
The fraternity also would like to have other organizations get involved with the project as well, Ebel said.
"We have a goal of raising $5,000, and I personally think we could do even more than that," he said. "This is a great opportunity to really make a difference in the quality of life for those groups in Africa."
Students interested in helping out with this project, donations can be taken to the School of Accountancy office in Glass 439, or contact Caleb Ebel.
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