microfinance
Microfinance In Action: Students Impact Global Economies
Microfinance in Action Revisited
It’s been an exciting, tumultuous, but ultimately productive three years for the educators and students at Southwind High School in Tennesee. Those involved with the Microfinance in Action (MFiA) project have seen a lot of success despite some setbacks along the way. But the outpouring of support from the community and other educators has helped keep the flow uninterrupted.
What is Microfinance in Action (MFiA)?
When MFiA was originally proposed, it was proposed as a three-year project that would take students through the process of learning about microfinancing, and how important it can be to stimulate the economy. Especially in resource and job depressed areas in this country and abroad. They were also tasked with learning about and distributing KIVA loans to small businesses. It also proposed that students travel to low-income areas, or areas affected by natural disasters to get a real look at what poverty looks like and hopefully become passionate about ending it. In our blog we explored what an integrated curriculum exploring globalization and economics looked like and heard about the real world skills and field experiences (Microfinance in Action, August 2013). Results were inspiring.
Exploring Local Economics through Field Experiences
One of their main goals was to leave the textbook behind and create an environment of practical learning, where students would interact with their community, and communities beyond theirs to get a greater perspective on what economics and Microfinance in particular means in their day-to-day lives. So they started a journey to some of the most economically devastated states in the nation. Beginning with their own.
Making a Global Impact
They began this journey along the banks of the Mississippi in Memphis and worked their way down through the Delta to New Orleans. From there they moved to the home of the Lakota Tribes and finally to the sugar cane fields of the Dominican Republic. No one could accuse them of being lazy travelers, that’s for sure. And while I could spoil you with the details of their trip, that would ultimately take away from what was the end game goal for this project; creating a book entitled Microfinance in Action: A Guidebook for Teenagers. They just recently returned from Guatemala where they finished filming the documentary portion of their proposal, which should be edited later this summer. That documentary, along with the book they plan on publishing, will be a great resource for educators who might want to try this model at their own schools.
Other goals they had proposed were setting up a KIVA Club loan program where students could work with accredited loan companies to set up microfinance loans for those in need at home and abroad. This ended up being far more successful than they had anticipated but came with an unfortunate cost. Biba Kavass, the innovative educator behind this proposal, was diagnosed with a brain tumor. And while she continues to work on the project, she will soon have to take a step back and let others lead in her place. But the community rallied. Roughly to the tune of $150,000 and climbing. Because of this community support they’ve already made 148 loans out to people in over 50 countries. The next step is setting up a larger and more focused KIVA Club loan program, working with SME Uganda to make slightly larger loans available to people in need.
Follow MFiA Online
The project website, microfininaction.weebly.com, is also doing well, having received it’s 1000th unique visitor recently. This website is where Biba, and those who will continue in her stead, chronicle their work as well as get in contact with prospective partners.
Despite the unforeseeable setbacks they faced it would seem like MFiA has been a great success, in every avenue they proposed. The students, educators, and community all benefited from this project, which is something we value here at McCarthy Dressman. We hope to see many more innovative projects, like this one, funded in the future.
Further Reading
- KivaU
- OneHen
- Integrating Globalization into the Curriculum
- Three Ideas for a 21st Century Global Currlculum
- New York Times Learning Network: Globalization
Share this:
Microfinance in Action
How can high school students learn about globalization in an economics course?
In an increasingly globalized world the standard skill set of a global citizen is rapidly shifting. While it would be impossible to give the students every bit of skill and knowledge they will need to be competitive in the global marketplace, one program is setting about to make a small change in how high school students approach economics that looks to be paying big dividends.
The teachers at Southwind High School in Memphis, TN have implemented a completely unique approach to teaching economics students about globalization and microfinance.
The project, currently in progress, involves the students in project-based learning to address multiple student skills including:
- critical thinking
- decision-making
- global citizenship, and
- responsibility
So how has this school approached this project and how successful have they been in its implementation? This ambitious endeavor is projected to take three years to implement.
Incorporating Problem Based Learning with Global Economic Issues
For economics students at Southwind High, things have changed. No longer the victims of textbooks and lectures, these students participate in an integrated curriculum on globalization.
What does an integrated curriculum exploring globalization and economics look like?
First, students work in groups to develop awareness of important concepts for the project. Research topics include:
- United Nations’ Millennium Development Goals (MDGs)
- economic, political, and social issues of a particular developing nation
- use of microfinance to promote economic growth and sustainability
Next, using ‘future problem solving’ skills, the groups develop a solution to address those issues in their selected country.
Finally, students will present their findings to the Ambassador of their selected country. Presentations will also be shared in a guidebook entitled Microfinance in Action: A Guide for Teenagers that will be used to supplement other high school economics courses.
How are real world skills and field experiences incorporated into the project?
In addition to the web research conducted, student groups communicate via Skype to high schools in developing nations. Using social media, students promote awareness of global economic issues, publishing research to a global awareness blog and producing video documentary segments. The blog also invites other schools to get involved or start their own program.
Students also have the opportunity to travel to various locations in the United States and Central America to document individual stories of those most affected by economic issues. During that time students will produce presentations on research they have conducted on economic, political, and cultural issues on selected developing nations.
What is the impact of this project so far?
During year one, students created the project website where you can watch the project unfold. (http://shskivamemphis.weebly.com). Groups have completed their Global research and the first two chapters of the Guidebook have been drafted and are being revised. The students and participating faculty traveled both to the Global Youth Institute as well as to Mississippi to film their documentary projects. So far, the program served 150 students at Southwind as well as teachers from ten different schools.
How can this project inspire other educators?
By taking such a unique and global perspective on economics, teachers Biba S. Kavass and Landon Hawthorne are insuring their students will have a much easier time navigating the global market place due to the early exposure to real economic disparity issues and their subsequent research and involvement.
Project-based learning and integrated curriculum are powerful opportunities to engage students and build real world skills. Here are some resources to explore for developing similar projects for your students.
- Future Problem Solving Skills Program
- KivaU
- OneHen
- Integrating Globalization into the Curriculum
- Three Ideas for a 21st Century Global Currlculum
- Teaching Global
- New York Times Learning Network: Globalization
Related articles
- Pbl (pcreadingposts.wordpress.com)
- The Joy of Project Based Learning (nsparks89.wordpress.com)
- Project Based Learning in a 1:1 School (karenmcvay.com)
- The PBL Super Highway… Over 45 Links To Great Project Based Learning (21centuryedtech.wordpress.com)
McCarthey Dressman Education Foundation 