Global Citizenship students offer microloans to entrepreneurs in developing countries
Students in a Global Citizenship class at Minnesota School of Business–Brooklyn Center raised and lent funds to a trio of small business owners in Africa, Asia and South America for their service-learning project.
The students worked with Kiva, a nonprofit organization that facilitates the distribution of microloans to qualified entrepreneurs in developing countries to help alleviate poverty.
Student Cherice Powell said the project defined the term “global” in a new way. “Kiva helped me learn how to become a better citizen as well as become a global citizen,” she said. “This project also gave me the benefit of learning global issues such as how other citizens live and how others make an everyday living.”
Lenders can contribute as little as $25 through Kiva to provide accessible capital that helps people around the world create opportunities for themselves.
Students researched Kiva’s website and identified small business owners whom they deemed deserving of loans. They raised money to lend and created posters about the individuals to raise awareness of their situations and why they needed the microloans.
Thanks in part to the MSB–Brooklyn Center students’ efforts, a fish seller in East Africa, a cattle rancher in Central Asia, and a group that operates a small grocery store in Peru remained in business.