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Dominik Mjartan, Money in the Bank for All

By  Nicole Wallace
January 5, 2016
Dominik Mjartan
University of Arkansas at Little Rock

Dominik Mjartan, 37
Chief Executive, Southern Bancorp Community Partners
Little Rock, Ark.

Dominik Mjartan leads a community-finance nonprofit that provides banking services, loans, and financial counseling in southern Arkansas and the Mississippi Delta, one of the poorest regions in the country. And he’s taking steps to make sure the organization is reaching the people who most need assistance.

“We’ve seen a lot of community-level progress,” says Mr. Mjartan. “But then the question came, ‘Are we making sure that the right folks, those who really, truly lack economic opportunities, are also benefiting, that we’re not leaving them out?’ "

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Dominik Mjartan
University of Arkansas at Little Rock

Dominik Mjartan, 37
Chief Executive, Southern Bancorp Community Partners
Little Rock, Ark.

Dominik Mjartan leads a community-finance nonprofit that provides banking services, loans, and financial counseling in southern Arkansas and the Mississippi Delta, one of the poorest regions in the country. And he’s taking steps to make sure the organization is reaching the people who most need assistance.

“We’ve seen a lot of community-level progress,” says Mr. Mjartan. “But then the question came, ‘Are we making sure that the right folks, those who really, truly lack economic opportunities, are also benefiting, that we’re not leaving them out?’ "

To answer that question, Southern Bancorp Community Partners recently built a sophisticated measurement system to track clients’ economic well-being, based on demographic information, income, and — depending on the program they’re part of — their progress toward improving credit scores and reaching savings goals.

40 Under 40: A Force for Good

See profiles of other trailblazers crafting innovative new solutions to entrenched problems.

The disparities between the rich and poor were a shock to Mr. Mjartan when he arrived in the Delta as a 16-year-old exchange student from the former Czechoslovakia. He later won a scholarship to attend Southern Arkansas University, completed his M.B.A. in Britain, and worked for a tech start-up.

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“I came to this country with a few dollars and have lived the American Dream,” he says. “So I’m very interested in how to make that available and accessible to every child in America.”

A version of this article appeared in the January 5, 2016, issue.
We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication.
Executive LeadershipInnovationFinance and RevenueAdvocacy
Nicole Wallace
Nicole Wallace is features editor of the Chronicle of Philanthropy. Follow her on Twitter @NicoleCOP.
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SPONSORED, GEORGE MASON UNIVERSITY

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