Foundation Corporate Sponsor BCU Helps Personal Finance Students Receive Real-World Lending Experience
VHHS students recently had a real-life lending experience as part of an opportunity sponsored by Baxter Credit Union (BCU). BCU, a corporate sponsor of the District 128 Foundation for Learning, provided funding for students in Sean Crevier's Personal Finance Classes to experience lending through Kiva. Kiva Microfunds is a 501 non-profit organization that allows people to lend money via the Internet to low-income / underserved entrepreneurs and students in 86 countries. Kiva's mission is “to connect people through lending to alleviate poverty.”
The VHHS students worked in teams to develop the criteria for selection of loan recipients, and each team was able to provide a $50 loan to an entrepreneur in an impoverished country.
BCU representatives Jill Sammons and Shawn Valentine were on hand to share additional financial literacy insight to students in the 8th period class.
"It was fun getting a bit creative with how to use grant money," said Crevier. "I'm glad BCU was able to come in and see what our kids are all about here at VHHS, as well as directly experience the process involved in the distribution of their grant."
At top, Personal Finance students make their Kiva presentations to fellow classmates. Below, BCU representative Jill Sammons talks to the class about lending procedures (at left) and is joined by BCU representative Shawn Valentine in learning more about the VHHS Kiva project from Sean Crevier.