Students will contribute to a research project focusing on the establishment of the Economic and Social Empowerment Foundation Inc. (ESEF) as a nonprofit organization that will provide microcredit financing to low-income entrepreneurs in the Buffalo region.
This research project focuses on the establishment of the Economic and Social Empowerment Foundation Inc. (ESEF) as a nonprofit organization that will provide microcredit financing to low-income entrepreneurs in the Buffalo region. The initial clientele for ESEF will concentrate on the refugee population who reside in the west-side of Buffalo; however, there is intent within the design for future expansion and accommodation for the inclusion of low-income entrepreneurs overall. These low-income refugees are interested in entrepreneurship but face a lack of funding options. Without credit history, it is difficult for these would-be entrepreneurs to borrow startup capital from financial institutions. As a work-in-progress, this project has helped promoted the International West Bazaar and intends to provide microcredit options through establishment of self-sufficiency economic models that will increase productivity instead of reliance; thus promoting these individuals as active members of the Buffalo community. In addition, the ESEF organization will provide business training to these individuals who are still adapting to U.S. government procedures with regards to taxation and business regulations.
The specific outcomes of this project will be identified by the faculty mentor at the beginning of your collaboration.
|Length of commitment||To be determined by student/mentor|
|Start time||Fall, Spring, Summer|
|Level of collaboration||To be determined by student/mentor|
|Benefits||Academic Credit, Possible Internship Credit|
|Who is eligible||Graduate or Undergraduate students with degrees/majors in the School of Management, Economics, and Urban Studies are preferred. All majors may apply. Excellent research skills. Comfortable with computation. Prior knowledge in economic development|
If you are planning to use this project to satisfy program requirements for your academic major or minor, it is your responsibility to obtain approval from your academic department prior to beginning the project.
The specific preparation activities for this project will be customized through discussions between you and your project mentor. Please be sure to ask them for the instructions to complete the required preparation activities.