What parents need to know
Parents Need to Know
Parents need to know that Kiva gives people the opportunity to make loans to small business owners in third-world countries. Through clear text and video, Kiva's shows the impact that even a small loan can make for a struggling business. While the graphics used are simple, they're not necessarily geared toward kids. And descriptions can be a bit text-heavy, which makes Kiva best suited for a family learning activity.
What kids can learn
- cultural understanding
- global awareness
- the economy
Responsibility & Ethics
- fiscal responsibility
- learning from consequences
- respect for others
Engagement, Approach, Support
Kiva makes lending to business owners in third-world countries seem personal and real. Kids will get the sense that they're helping change lives for the better.
Kids read summaries of potential loan recipients, then make their choice, lending money to someone whose story they've connected with. Kids get updates and the sense that, over time, they're helping change lives for the better.
The overviews of potential loan recipients are very thorough. Risk and repayment rate are all fully disclosed. The graphics and descriptions aren't necessarily geared toward kids.
What's it about?
Kiva gives individuals, families, and groups the opportunity to invest as little as $25 in businesses in impoverished areas around the world. Kids can learn about people like Silvia in Nicaragua, who needs a new roof for her beauty shop and Norma, who owns a food stall in Bolivia and would be helped by an industrial food slicer. Kids can search for a borrower to fund based on industry (including food, construction, and retail), gender, and even whether or not they're in a conflict zone. Risk and repayment rate (98.95% at the time this review was written) are all fully disclosed.
Is it any good?
As a family activity, loaning through Kiva is a pretty cool thing to do. Kids should love the process of picking the folks they want to lend to! Through pictures and a short write-up of each business and the faces behind it, they'll discover that there are lots of ways to make a living. Kiva isn't geared directly towards kid-only usage, so it would be a good idea to sit down at the computer along with your child and talk through the steps (also a fantastic classroom activity!) and answer the questions they're bound to have about poverty in other countries.
They'll learn what it takes to make a small business grow, the difference between giving and lending, what it means to lend money to those in need, and, when loans get repaid, personal accountability. They'll appreciate the details of each person's story, making lending through Kiva seem personal and real. And here's the fun part: when a loan is repaid, families get to choose a new person or business to share that money with. That's exciting!
Families can talk about...
Families can talk about challenges other countries may have (extreme poverty, no clean drinking water, etc.) that kids may not have a full understanding of. What would be different about starting a farming business in Burma as opposed to Montana?
What are some different ways that people make a living? How do you think they got started?