The Social Entrepreneurs of Grinnell (SEG), a student-run nonprofit microfinance lending organization at Grinnell College, is one of 15 finalists in the White House “Campus Champions of Change Challenge.”
SEG was chosen from more than 1,400 submissions and is the only small college finalist and the only from Iowa. The Campus Champions of Change initiative highlights innovative ideas on college campuses across the country and aims to inspire others to get involved in their communities.
In its five years of operation, SEG has expanded from providing international loans in remote communities to also working to improve conditions in local communities. The microfinance organization has loaned more than $37,000 to 44 countries, with $13,000 going to 25 individuals in the Grinnell area.
The project selected for the competition—SEG’s Local Loans Project—provides emergency, no-interest microloans to individuals for medical expenses, automobile repairs, education, and repayment of high-interest loans from payday loan sharks.
Voting for the Challenge continues until Sat., Mar. 3 at 11:59 p.m. EST. The top five finalists will be invited to an event at the White House, will be featured on mtvU and MTV Act, and the overall winner will host an episode of mtvU’s signature program, “The Dean’s List.”
To speak to a SEG student coordinator, please contact Cindy Deppe, communications, deppec[at]grinnell[dot]edu, 641-269-4834.