Spanish for Professional Purposes...

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Tuesday, December 14, 2010

Carolina Student Launches Microfinance Program in Guatemala City

In the summer of 2010, UNC-CH student Santiago Beltrán launched FAC Internacional: El Fondo de Apoyo Comunitario Internacional.

During his first semester on campus, Santi got involved with the micro-loan organization, Community Empowerment Fund, through the Campus Y.

By his second semester on campus, he had been awarded the UNC Entrepreneurial Public Service Fellowship to start a microfinance program (FAC Internacional) in Guatemala City in collaboration with Lemonade International.

Once in Guatemala, Santi quickly went to work with local organizations that already had a strong presence in the community. Through the local schools, he found Nestor, the Loan Program Coordinator who runs things on the ground in Guatemala---coordinating the activities of various borrow groups and a savings group.

Back on campus for his sophomore year, Santi has built the student organization in Chapel Hill and now has the FAC Internacional website up and running. Be sure to check out the donate tab on the website, which features individual entrepreneurs and their projects. 100% of your donations go directly to the entrepreneur of your choice.

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