Our students are literally changing the world!
Our 8th grade algebra students, under the guidance of Mrs. McGuire are in the process of providing loans to individuals in the developing world through a microfinance organization. The organization, Kiva International, builds relationships between perspective small business owners and individuals or organizations who have the ability and desire to offer a helping hand. As these loans are provided to launch small businesses, this effort is intended to help end the cycle of poverty for families around the world. The students in the 8th grade algebra class chose to invest in the following two individuals:
Foday in Sierra Leone (Activity: Pharmacy) $150.00
Foday is 45 years old. He is married and has 3 children, ages 19, 16, and 11. He has 2 additional dependents who live with him for schooling.
In 2001, Foday established his Patient Drug business. He began his business just to provide adequate support for his children and wife. His business is located at the city center and his main customers are all classes of business people. Working 7 days a week and 14 hours a day, he earns about 500,000 SLL a month from this business.
Foday would like a loan in the amount of 6,000,000 SLL. He has already received and successfully repaid 1 loan, and now requires a new loan in order to buy two cartons of Panadol (tabs) 500,000, Amoxcilline (cap) 500,000 and Ampicilline (cap) 500,000. He hopes that this loan will increase his stock levels.
In the future, Foday plans to educate his children and to create a business for his wife. He has been delayed in his goals of creating a business for his wife and also in educating his children. He thanks you for your support.
Musaidi in Kenya (Activity: Poultry) $100.00
Musaidi is a married woman and has been blessed with three kids who attend school. She lives in her own house that has neither electricity nor piped water. Her greatest monthly expense is school fees. Musaidi operates a poultry selling business, which has been operational for over two years. She mentioned disease outbreaks causing losses as a challenge in the business. Musaidi dreams of becoming a wholesaler of poultry in the future.With the loan of KES 30,000 she wants to purchase chicks and poultry feed. She joined Yehu to access loans to boost her business.