Kiva Zip Class Assignment: BuildOn.org after-school program at BN Highschool, The Bronx
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Kiva Zip is a 0% interest crowdfunded loan program. One designed specifically to support financially excluded aspiring micropreneurs. In other words, those deemed too young, too new, too unproven or ...
Kiva Zip is a 0% interest crowdfunded loan program. One designed specifically to support financially excluded aspiring micropreneurs. In other words, those deemed too young, too new, too unproven or too risky for other forms of capital.
FACT: Kiva Zip allows entrepreneurs as young as 16 years old to borrow capital for their startup.
IDEA: Work with teachers in BuildOn.org whose after-school program teaches kids in low-income neighbourhoods/ backgrounds to "end the cycle of poverty, illiteracy and low expectations" to try out a tiny experiment with one high school class in the Bronx. We taught the kids about 'social enterprises' and that by starting one, even a small one, it is possible to simultaneously generate income for yourself AND give back to the community. And then we challenged them to start one. Using small $25 and $50 loans crowdfunded via Kiva Zip. Oh, and in only 7 days.
If this works, we'll have achieved not just creating 16year old donors for BuildOn, but also teaching kids about being entrepreneurial and resourceful, and using these kids to raise the bar of expectations for what's possible in their communities.
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