Monday, 20 April 2009

Student investment aids projects at home and abroad

On Friday, Mount Madonna School students gave school officials a check for $800 money they earned through a class project to benefit the school’s campaign to build a new multi-purpose gymnasium
Santa Cruz Sentinel

Sentinel staff report
Posted: 04/19/2009

WATSONVILLE -- The nearly $1,000 Mount Madonna School fifth-graders raised last year traveled to Azerbaijan to support a dairy farm, to Cambodia to get a transportation project up and running, to Mexico to jump-start an embroidery business and to Nicaragua to help a pig farmer.

Now the cash has come home.

Friday, the now sixth-graders donated $800 they received back from repaid micro loans to their school's campaign to fund construction of a gym.

"After we were repaid by the people we'd made loans to in other parts of the world, we thought it would be nice if we could use the money to help ... our own community," said sixth-grader Zoe Kelly.

The students raised the money last year through sales of a DVD detailing their research into waste reduction and environmental pollution. They invested the proceeds in several loans, ranging from $25 to $125 each, through Kiva, www.kiva.org, an organization which connects lenders with startup entrepreneurs in developing countries to help end poverty.

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