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| Micro-lending by Middle Schoolers |
| Written by Sue Rockwood | |
| Tuesday, 08 January 2008 | |
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Middle School students are learning about the power of microfinancing by making small loans to entrepreneurs in the developing world. These entrepreneurs are using their loans to finance business plans that help lift them out of poverty. Students researched people whose pictures, business plans, and repayment history were posted on the nonprofit website www.kiva.org , and they chose to help 15 of them using the school’s Kiva account. Students will read progress reports and be able to email questions and encouragement to the people they’ve assisted via the nonprofit’s website. Our middle school students aren’t letting distance and differences in culture, wealth or access to information keep them from connecting to real people the world over, and making a difference in their lives. Following the middle school’s example, intermediate students, as they study cultures around the globe, will also connect with and loan money to unique small businesses in the developing world. |
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| Last Updated ( Tuesday, 08 January 2008 ) |
What do these people have in common: An agricultural group in Peru; a cobbler in Togo; a flower seller in Samoa; and a pig farmer in Cambodia? They’ve each convinced our Middle School students to loan them $25!
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