Thursday, May 13, 2010

Neighborkids Start Microlending On the Block

The kids who will be honored at this month's Neighborkid Dinner are Dalisha and DuShun.  Dalisha is already thinking about what outfit she wants to wear, and concluded that she really wants a new pair of fancy shoes.  She asked if she could borrow some money, and this led to the impromptu invention of a neighborkid loan option using the money in the scavenger hunters' cash box, which is money that the neighborhood scavenger hunters made at the yard sale a few months back.

Since the money belongs to the Neighborhood Scavenger Hunters as a group, Dalisha called a meeting of scavenger hunters to discuss the possibility of establishing the loan option.  It took some time to explain the concept, with a little help from me, but finally everybody got it, and said yes, let's start with one person and see how it goes!


Dalisha wrote down how much money she is borrowing, on what date, for what purpose, to be paid back by what date.


With $20 in hand, she was ready for shoe shopping!  Here's Dalisha trying on an especially fancy pair.


Who would have thought that the neighborkids would be the first folks to start up micro-lending here in Central-Cocoanut!  

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