AMI team attends Lend for America summit

A team of four Arizona Microcredit Initiative leaders traveled to Berkeley, California Nov. 15 and 16 to attend a national conference where students involved in microfinance ventures can share and gain insight about everything from lending models to mitigating risk. The 6th annual Summit was hosted by Lend for America, an organization that helps college students start and run campus microfinance institutions (MFIs). Students involved in 20 different campus MFIs from across the country were invited to join and participate in the conference held at the University of California Berkeley International House. The purpose of a campus MFI, according to Lend for America, is to find individuals and m

AMI Alumni Spotlight: Daniel Dodell

Many students spend their time in college focusing abroad, dedicating enormous amounts of time and effort to raise money or awareness for a global issue. Many forget that there are still problems in their hometowns lingering just down the street. Arizona Microcredit Initiative founding member Daniel Dodell realized this early on. Dodell, a recent Arizona State University supply chain management and accounting graduate, realized his passion for helping local, small businesses in 2011 when he joined the newly founded microfinance organization, Arizona Microcredit Initiative. AMI, whose mission is to aide local entrepreneurs through business instruction and loans, received its seed funding from

Painting business flourishing

Business is booming for Arizona Microcredit Initiative loan client Carla Keaton, owner of Un Petit Merlot, a cocktail and canvas-painting business. Keaton, a Phoenix entrepreneur, decided to start her own small business a few years ago after hearing about a friend’s fun experience at a cocktail and canvas-painting event. She was inspired to create a similar business but with an innovative twist: taking the service to her clients. Keaton’s plan for her business, Un Petit Merlot, began to take shape after she reached out to Arizona Microcredit Initiative (AMI) for help. AMI is a registered nonprofit microfinance organization. The organization offers a cohort class that covers all topics neces

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