Oct 27 2009
The Emily C. Specchio Foundation is proud to announce the inaugural Emily C. Specchio Ambassadors. We started this program this year to encourage and support youth who have big ideas to make a positive impact on communities in need, whether it be local or international.
Our 2009 Ambassadors are:
- Vincent Caldas
- Timothy Mernar
- Kevin Tolentino
All three ambassadors are seniors at St. Peter’s Preparatory School in Jersey City New Jersey
The winner project idea: “The Prep Micro-bank: A Student Driven Philanthropic Enterprise”
(excerpts from the winning proposal are below)
- “Students from St. Peter’s Preparatory School in conjunction with our Campus Ministry plan to give funds in the form of no-interest loans so that recipients in impoverished nations can use the principal to begin a business that will contribute to growing a local economy and to get on their own two feet.”
- “The [loan] recipients will be members of communities where Jesuit and Jersuit volunteers serve, for instance, Micronesia, Nigeria, and Ecuador. These no-interest loans will provide much needed principal for people to start their own enterprises and secure their own means of income, which they will then use to pay back the original loan. This will allow us to continue awarding these loans using only our primary investment.”
Vincent, Timothy, and Kevin will receive $1000 up-front from The Emily C. Specchio Foundation, and will additionally receive 2:1 matching funds (up to $5000 total) for speaking engagements designed to inspire youth to make a difference.
Follow their progress on this deserving project on their microfinance website!