Dillon Eng, Rice University
Promoting micro-entrepreneurship Although opportunities for those with ideas are easier to come by in the United States, entrepreneurs in the United States who have no credit history or are limited by education or background also struggle to pull themselves out of their current economic situations. During economic downturns, banks scale back on traditional lending, especially to micro-enterprises that they may view as more risky. However, innovation and job expansion are necessary for economic recovery, and we wish to do our best to make it possible for budding businessmen and businesswomen to achieve their goals. As a local organization, we aim to provide entrepreneurs with business training tools, such as marketing strategies and accounting skills, as well as helping to match them with government or private sector lending institutions. Funds for micro-loans In order to achieve our outlines goals, we ourselves require a great deal of capital. We are committing to a large fundraising campaign, which will involve holding events around Houston. These events will be vessels for Houston donors to find out about us and donate to our cause. Establishing non-profit status Currently, we are in the process of applying for 501c3 non-profit status, which will facilitate larger donations to Owl Microfinance. We require funds to both make frequent loans and also to facilitate training sessions for entrepreneurs in Houston.
Promoting micro-entrepreneurship We are working with la C