In 2002, a group of BYU students decided to create MBM. These social visionaries committed themselves to make the world a better place by applying the principles of microfinance and microcredit. Their goal was to provide sustainable assistance to the Hispanic Community in Utah Valley, especially in the Provo/Orem area.
Their research showed that the low-income Hispanic community from the Provo area were in need of microbusiness mentoring, consulting and financial services. The purpose was to help Hispanics achieve self-sufficiency by teaching basic microbusiness principles. Then, these people would have the opportunity to create their own business.
For about 10 weeks, participants of the mentoring program receive training and consulting on a one-on-one basis. A mentor would meet with them and go over inexpensive business ideas. Mentors help with the process of creating and evaluating a business idea. Later on, participants would start or expand their businesses; thus, achieving financial stability.
This is a vision that started more than 10 years ago, and it is still moving forward. We have an on-campus internship that provides business mentors with real-life experience while they serve the community. This is just one example of the impact that social-entrepreneurship does for the world.