LFI Program Receives Innovative Achievement Award
—August 8 , 2008
For the second time, the College of Business has won the Bobby G. Bizzell Innovative Achievement Award from the Southwestern Business Deansâ€™ Association. The award was presented to the collegeâ€™s Latino Financial Issues (LFI) program this spring.
Promoting wealth and asset building among Latinos is the goal of the LFI program. The year-long integrated academic and service learning program exposes students in multidisciplinary fields to community economic development, financial literacy and entrepreneurship.
â€œThis innovative program distinguishes us from other business schools,â€ said Dr. Lisa Montoya, associate dean for undergraduate studies. â€œThrough its unique complement of programming, LFI not only educates UTSA students about the economic plight of Hispanics in the United States, but also steps in and acts to make a difference in the community.â€
The program explores what it means to be out of the financial mainstream and how that affects our economy. According to recent studies, 50 percent of the Latino community operates outside the financial mainstream. â€œThese individuals do not use banks, have a credit history or have a means to apply for mortgages or secured loan products,â€ Montoya said.
Students participate in academic coursework as well as service learning projects throughout the duration of the one year program. The culmination is an internship with a community economic development organization.