Chauncey Holloman, a 17-year-old from Mabelvale, Ark., has won the 2005 Girls Going Places College Scholarship competition.[@@]

Guardian Life Insurance Company of America, New York, sponsors the scholarship contest, which recognizes girls between the ages of 12 and 18 who have demonstrated exceptional entrepreneurship.

Holloman has founded Harlem Lyrics Enterprises Inc., a greeting card and merchandising business.

Guardian also awarded a $5,000 scholarship, a $3,000 scholarship and 12 $1,000 scholarships.

Guardian says it received more than 4,600 entries for the 2005 competition.

Adults nominated the competition participants by submitting essays describing the participants’ qualifications. The judges who picked the winners looked for nominees who have demonstrated entrepreneurship or financial acumen; taken the first steps toward financial independence; made a difference in their schools or communities; and shown potential for future success, according to Guardian.

The 2004 first prizewinner, Laima Tazmin, founded LAVTweb, a Web development company.

The 2003 first prizewinner, Kelly Drinkwater, founded the Splash store during her first year of middle school.

The 2002 first prizewinner, Karalynn Forrest, founded a summer camp.