Global Music Outreach Case Study

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Global Music Outreach (GloMo) strives to provide a quality music education to students in Tanzania. Currently, GloMo has been focusing on internal affairs and creating policies as a newly established Cube Start Up. Throughout this process, GloMo has strived to make its program the best that it possibly can be for the children it serves in Tanzania (L. Limarzi, personal communication, February 16, 2017). Additionally, GloMo has worked on creating local partnerships with Chapel Hill schools to create cross cultural ties within its program. However, GloMo is currently spending large portions of the donations raised on various fees in order to send money to the school it supports in Tanzania. By establishing a more traditional system to transfer funds, GloMo will be freed to allocate more of its budget towards assisting the school in teaching music.

Currently, Global Music is using Carolina Union’s Student Activities Funds Services (SAFO) for its banking needs, and Western Union in order to transfer money to Tanzania. According to information gathered …show more content…
According to Wells Fargo (2017), as long as GloMo maintains an average balance of $500 per month in said account, GloMo will have no monthly fees (Fees & Information section). Additionally, GloMo will be given a business debit card that can be used to make transactions with either Western Union, PayPal, or some other money transferring service without having to pay additional fees from Wells Fargo (Wells Fargo, 2017, What You Get section). This will save GloMo at least $148 per year. GloMo can potentially save more switching to PayPal. Initial research from Chapel Hill Consulting shows that transactions made with PayPal are significantly less than Western Unions, as PayPal’s only fee is a 3.4% charge to exchange currency (PayPal, 2016, Additional Fees section, para.

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