Holy Rosary Credit Union (HRCU) (Kansas City, MO) recognized seven young entrepreneurs for their completion of Biz 101. Biz 101 is a program funded by a grant from National Credit Union Foundation and was aimed at youth from ages 17-22 with no higher education and bleak job prospects. The participants came from HRCU’s field of membership, which includes over 25 Catholic parishes. The program was facilitated by Ximena Pacheco, a Spanish-speaking consultant to the credit union. It combined curriculum from Operation Jump Start and Kauffman Foundation’s First Step FastTrac.
The participants came to the class with a business idea and in ten weeks they learned aspects of building a business concept, marketing, cash flow and profitability. This program is important to HRCU’s field of membership because it is a designated low-income credit union and an emerging CDFI with a Low-Income Target Population. The members of the credit union have a high rate of unemployment and entrepreneurial education is vital to their livelihoods. HRCU would like to offer this program to other target groups within its field of membership with even greater success than the current program.
Seven out of twelve original participants graduated. They came to graduation prepared with a business concept statement and plans to return in November to follow up with their progress. Graduation took place at the Catholic Center in downtown Kansas City. It was attended by the friends and family of the participants, as well as community members representing the Small Business Association, Women’s Business Center and KEAction. The organizations were represented by Ms. Patricia Brown-Dixon, Ms. Dorothy Browning & Mr. Mike McCaskill, respectively. They spoke to the entrepreneurs with words of encouragement and advice on how their organization can be of further assistance.Photo Caption: Holy Rosary Credit Union's graduates of the Biz 101 program.