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Class inspires students to start CSEC

Mustafa Ascha

Issue date: 11/20/09 Section: News
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Juniors Katey McCabe and Ali Briggs started the Case Social Entrepreneurship Club (CSEC) in hopes of what they refer to as "doing well by doing good."

For the purpose of their club, social entrepreneurship is the act of engaging in a business with the express goal of also creating some external benefit for society. In addition to this definition, McCabe and Briggs also said that they would like to support nonprofit organizations.

Their interest in the idea of social entrepreneurship sparked when the two took a SAGES class called, "Economics of Global Poverty" with professor of economics, Martine Lussier. Also the professor for various macroeconomics courses, Lussier holds a deep passion for the study of economics.

She was one of the first resources toward which McCabe and Briggs focused their efforts. "Ali and I took this class and figured we could do something that was helpful," explained McCabe. From there, McCabe and Briggs suggested to Lussier that the funds allocated to that specific SAGES course be used to send money to the Kiva organization.

Upon the creation of the CSEC, Kiva was first on the agenda. Kiva is an organization that facilitates small loan transfers between people in more developed countries and people living in poverty. These small loan transfers can range in amount: the website immediately offers options for lending ranging between $25 and $250. Such small amounts lead to the term "microlending" as a description of the Kiva organization. As of this week, the organization has had a 98.04% repayment rate.

More specifically, the loans go to entrepreneurs' businesses in lower income areas of the world. One of Briggs' favorite stories is that of a woman from Kenya who used her funds to support a peanut butter business. The borrower, Grace Ayaa, is a mother of four children who was faced with the problem of earning money to support herself and her children. She began by using a mortar and pestle to crush peanuts, but soon found that this method was not fast enough to meet demand for her peanut butter. She then decided to save money for a processing machine. This machine, however, can only be used to make small batches at a time because Ayaa has nowhere to store the peanut butter. So, Kiva helped her raise the money to purchase a refrigerator. Of the $475 that Ayaa borrowed, she returned all $475.

For those students who are interested in learning how to combine effective business models with social sustainability, the CSEC meets on Wednesdays at 5 p.m in PBL room 120.
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In This Issue

News

  • Can you name this place?
  • Class inspires students to start CSEC
  • CWRU's Eco-Party
  • Eyewitness: Editor-in-chief for a day
  • Have you heard about Grupo de Capoeira?
  • Spectrum's sixth annual Drag Ball takes place Saturday
  • The college student's guide to credit cards - Part 3
  • USG creates transparency committee to improve communication
  • USG Brief

Sports

  • Colts and Saints are NFL's teams to beat
  • Five thoughts on the '09 season
  • Football's success is built on this senior class
  • Men win Veale Classic
  • Spartan Spotlight: Erin Hollinger
  • Spartans cap perfect 10-0 regular season
  • Spartans get first-ever win against B-W
  • Women's basketball drops lidlifter

Fun Page

  • Combo Scramble Solution
  • Crossword Solution
  • Sudoku Solutions

Opinion

  • Discriminating against smokers again
  • Editorial: CWRU athletics' accomplishments praiseworthy
  • It takes two to have unsafe sex
  • Nothing much humane about humanity
  • SEC referendum deserves impartial consideration
  • The gap year: volunteering
  • Where is your favorite campus spot to chill, nap or relax?

Focus

  • American Music Masters Series wraps up week with Janis Joplin tribute
  • CIM graduate returns to Cleveland with jazz, cabaret aspirations
  • Delta Gamma swims for sight
  • Green is the new black: eco-friendly fashion
  • Hitting the spot: Atlas Sound
  • Holiday season with a cranberry craze
  • Latest installment in popular Call of Duty series improves on already high quality franchise
  • Sigma Psi hosts Mr. CWRU competition to benefit local communities
  • Starving Student: simple grub
  • The Buzz

Cross Country

  • Women finish third in region, qualify for nationals

Football

  • Bracket Breakdown
  • Football Gameday: Case vs. Trine

Sex and Dating

  • Passive pregnancy prevention plan

Soccer

  • Crooks UAA's Coach of the Year
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