To break it down mathematically...
16 students with $20 each
+ 40 days of hard work & using their talents
= $3,000.00 for the working poor (GOAL)
After discussing what poverty looks like in developing countries and learning about the work of Opportunity International, students were challenged to make a difference. Those who accepted the challenge were then given a $20 dollar bill as a "loan", along with the simple instruction to "go out and multiply that money as much as you can during the next 40 days."
The students responded by thinking of creative ways to use their talents to multiply the money. Six teenagers immediately pooled their money and held a “Dinner and a Movie Night” at the church. This event alone enabled these students to quadruple their investment! Other students provided services, such as babysitting, yard work, and even converting VHS to DVD, in order to raise funds. Students also used their talents to create items like jewelry, custom cookbooks, goodie bags, and even bottling a special family recipe BBQ sauce.
Students sold these items on their own and also at a “Talents Bazaar,” which took place after a church service at the end of our project. Students set up tables and sold their creations at this event. They also held a “Bakery Café” during the event, where elegant desserts and lunch foods were sold.
After repaying the original “loans” ($20 bills), these students were able to successfully raise an additional $3,000.00 for Opportunity International. Click HERE to see the profiles of the actual entrepreneurs who have received small business loans directly funded by our students! After signing in, you can also watch the progress of these entrepreneurs as they build their businesses and repay these loans over a four to six month period. Once repaid, the money will then be re-loaned again and again!
IMPACT: The students surpassed their $3,000 goal and raised a total $5,225.00, funding micro-loans for 22 entrepreneurs.
Want to join the story? Resources and more information on how you can conduct a similar campaign are below: