Donations by SagEcon Members!

All ten members of the SagEcon team have now lent to an entrepreneur in need of a microloan.

Mr. Anderson donated $25 to Regina (Clothing Sales, Ghana)

James Chai, Charlie Schumacher, Sky Stearns and AJ Wolfson lent $25 each to Felipe

Valenzuela (Retail, Philippines)

Andrew Dorne lent $25 to Liberty Group (Fruits & Vegetables, Ghana)

Alex Jimenez lent $25 to Melinda Antonio (General Store, Philippines)

Cyrus Khoyilar lent $25 to Azad Shabanov (General Store, Azerbaijan) and $25 to Odsuren Davaatseren (Clothing Sales, Mongolia)

Usamah Simjee lent $25 to Hanieh Neser (Tailoring, Lebanon)

Brad Slaughter lent $25 to Leonard Mbugua (Butcher Shop, Kenya)

AJ Wolfson lent $50 to Idrissa Dembélé (Retail, Mali) and $25 to Noeme Sarmiento (General Store, Philippines)

Jesse Xiao lent $25 to Abravi Afanou (Beauty Salon, Togo)

SagEcon Day 2

Group members planned for their first venture to spread the word about Kiva. They created brochures and logos in order to help people understand the concept of Kiva. Four team members went to Pavilions and Gelson's and received permission to use the sidewalk to let people know about Kiva. Other team members worked on their presentation to future passerby's. By November 12th, we plan to be ready for our first venture for which we will have banners, brochures, and shirts.

Thank you to the managers of the stores for helping us out!
SagEcon

Sage Hill Econ-SagEcon

Watch the Kiva 15 minute Documentary

http://www.pbs.org/frontlineworld/stories/uganda601/video_index.html

Join Kiva and become part of our team!

www.kiva.org/team/sagehill

If you're on facebook, help us get noticed by joining our facebook group!

http://www.facebook.com/group.php?gid=164783616415&ref=search&sid=541968066.3088501153..1

Creation of SagEcon

10 AP Economic students from Sage Hill School hear a presentation about an organization named Kiva. These ten students decide to create a team and open a chapter as their service learning project for their senior year. SagEcon is born. Those students, James Chai, Andrew Dorne, Alex Jimenez, Cyrus Khoyilar, Charlie Schumacher, Usamah Simjee, Brad Slaughter, Sky Stearns, AJ Wolfson, and Jesse Xiao are all male seniors class of 2010.

In order to understand what we signed up for, we had to learn about what Kiva is. Kiva is an organization that allows the average person to microlend, for as little as $25, to entrepreneurs in countries with emerging economies. From that, we had to figure out what a microloan is. We discovered that a microloan is a loan that is typically under $2000. Microloans are too small to be profitable for the conventional banking process. This is where we come in. Individuals in a first-world country now become the bankers.

Want to learn more? Visit www.kiva.org for any additional questions you might have.