MicroBusiness Mentors Mentores de la Microempresa 5 March 2003.

MicroBusiness MentorsMicroBusiness MentorsMentores de la Mentores de la MicroempresaMicroempresa

5 March 20035 March 2003

$30,000 - $39,000

Over $40,000

$20,000 - $29,000

Under $20,000

Median Family Income

50 – 99

100 – 250

20 – 49

0 – 20

Violent Crime (1998)

Public Assisted Housing(2000)

950 Rental Subsidies350 Public Housing Units

1300 Total Units

3.1 – 3.2

3.3 – 3.5

2.7 – 3.0

2.0 – 2.6

High School Senior Average GPA (1999-2000)

3.46

2.03

School Poverty ESOL Mobility

Timpanogos 84% 46% 64%Joaquin 68% 51% 53%Franklin 70% 28% 54%Maeser 52% 36% 50%

0

5000

10000

15000

20000

25000

30000

1990 2000

Latinos

Utah County Utah County LatinosLatinos

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

Other Examples of Other Examples of SuccessSuccess

Photo by: Roberta Barnes, ACCIÓN USA

Jaime PérezJaime Pérez

Photo by: Stacy Reiter, ACCIÓN USA

Jocelyn TejadaJocelyn Tejada

Questions and AnswersQuestions and Answers

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