We are proud to announce that the MVSB Middle School Loan Program was named a finalist in the ABA Foundation Community Commitment Awards!
“The MVSB Middle School Business Program, which began in 1996, is a community-focused, financial-education initiative aimed at letting young students experience the real-world dynamics of business, finance and entrepreneurship. As part of the program, students form teams to brainstorm business ideas and develop them into comprehensive business plans. If a panel approves their plans, the teams are granted loans to kick-start their projects. Students secure and manage these loans, equipping them with practical business skills and other financial literacy fundamentals including the responsibility of repaying loans, interest, and cost and profit. An example of a student project is “Adopt a Rock,” where students sold rocks as emotional support items.”
The ABA Foundation’s Community Commitment Awards recognize banks’ extraordinary acts of service to support the people in their communities and grow their local economies – showcasing those who set the standard for community engagement nationwide.
Go to www.aba.com/about-us/aba-foundation/strong-resilient-communities/community-commitment-awards/past-winners to read more and view all winners.
