Programs in Grinnell
SEG manages innovative local microfinance and education initiatives to combat the problem of rural poverty in central Iowa and empower individuals in difficult situations: the Emergency Loans Program has already provided dozens of thousands of dollars to individuals in the form of small, no-interest loans to break the cycle of debt and help individuals achieve financial dignity; the Entrepreneurial Loans Program provides low-interest loans to entrepreneurs to help them begin or expand their businesses; the Financial Skills Program helps individuals sharpen their personal finance skills so they get more out of their money and improve their quality of life.
According to the US Census Bureau, approximately 17 percent of all Grinnell residents were living under the poverty level in 2010. By providing otherwise unavailable resources to individuals and businesses, SEG works to address poverty-related issues and sustainably expand the local economy.
With our Local Loans Project, SEG is a member of the Campus Microfinance Alliance which seeks to connect campus groups offering financial services to underserved Americans.