Economics Enrichment- "Kiva: Helping People With Microloans"

Economics Enrichment- "Kiva: Helping People With Microloans"
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This take-home assignment is a wonderful follow-up to talking about entrepreneurship and/or loans. It drives home for students how lending and investment (and microloans specifically) can help real people build better lives for themselves.

Students will visit Kiva.org with their parents. Kiva is an organization that helps people lend to entrepreneurs in poor countries so that they can invest in their small businesses. Lenders can lend whatever amount they want (frequently only $25). All the little donations are then pooled together to go to an entrepreneur somewhere around the world.

Have students complete the assignment at home with their parents or during computer time at school. Afterwards, let students present their selections to the class.

To take this assignment to the next level, vote as a class on a loan to fund together. The class can invest $25 towards a loan, and then track repayment through the remainder of the school year. You could also research the country that your entrepreneur lives in.
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1 page
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