2014 - Project 3:30
Challenge: Can you turn $3 into $30 in less than 3 weeks?
Here’s why we participate in Project 3:30: We have resources to create businesses that produce profits we can use to meet our own needs. In other parts of the world, people without our same resources often have no sustainable way to meet basic needs. We want to help.
Here’s how microfinance works: An entrepreneur in a less developed nation creates a business idea. He presents the idea to an organization offering small business loans. If the idea is approved, he receives a small loan to buy materials needed to start his business. He uses some of the profit from his new business to pay back the loan. After the loan is repaid, he then has a sustainable way to continue making money for his family. Microfinance loans are creating new opportunities for thousands of people in less developed nations.
Here’s how Project 3:30 works: NBHS students develop small business ideas. They then apply for small business loans of $3 to buy supplies to start their small businesses. NBHS students work to create profits of at least $30. Students then use profits to invest in people in less developed nations and help provide sustainable ways to meet basic needs.
In 2013, NBHS students participating in Project 3:30 earned over $2500 to help 240 individuals start small businesses in less developed nations. This year, NBHS students are teaming up with The Water Project, an organization committed to building wells to bring clean, safe water to people in less developed nations. 100% of this year’s Project 3:30 profits will go toward building a new well for a village in Sub-Sahara Africa.
NBHS Senior Keenan Stallings is leading the Water Project we are supporting this year. We can track the funding progress of the well on the Water Project link here:
Here’s why we participate in Project 3:30: We have resources to create businesses that produce profits we can use to meet our own needs. In other parts of the world, people without our same resources often have no sustainable way to meet basic needs. We want to help.
Here’s how microfinance works: An entrepreneur in a less developed nation creates a business idea. He presents the idea to an organization offering small business loans. If the idea is approved, he receives a small loan to buy materials needed to start his business. He uses some of the profit from his new business to pay back the loan. After the loan is repaid, he then has a sustainable way to continue making money for his family. Microfinance loans are creating new opportunities for thousands of people in less developed nations.
Here’s how Project 3:30 works: NBHS students develop small business ideas. They then apply for small business loans of $3 to buy supplies to start their small businesses. NBHS students work to create profits of at least $30. Students then use profits to invest in people in less developed nations and help provide sustainable ways to meet basic needs.
In 2013, NBHS students participating in Project 3:30 earned over $2500 to help 240 individuals start small businesses in less developed nations. This year, NBHS students are teaming up with The Water Project, an organization committed to building wells to bring clean, safe water to people in less developed nations. 100% of this year’s Project 3:30 profits will go toward building a new well for a village in Sub-Sahara Africa.
NBHS Senior Keenan Stallings is leading the Water Project we are supporting this year. We can track the funding progress of the well on the Water Project link here:
project_330_business_plan_2014.pdf | |
File Size: | 27 kb |
File Type: |
project_330_loan_form_2014.pdf | |
File Size: | 42 kb |
File Type: |
2013 - Project 3:30
What if you could help change someone’s life by washing a car?
In our world of 7 billion people, roughly 43% live on less than $2 USD per day.
Including people like:
Teresita, a 55 year-old mother of 11 who earns a living farming sugarcane in the Philippines.
Kazungu, a 41 year-old father of 2 who sells charcoal in Kenya to send his children to school.
Sadia Simon, a 30 year-old mother of 3 who runs a small fish selling business in South Sudan.
We’re talking about 2,470,000,000 people, each with names and faces and similar stories. Many of these people have little to no access to formal education or job training, which means they are left with no real hope of improving their living conditions or providing new opportunities for their children. Life will stay the same, and poverty will remain.
But what if we could help? What if we were able to help provide something sustainable, something that could last?
Project 3:30 is our opportunity to invest in people in less developed nations and help give them new hope for a new future.
How does Project 3:30 work?
Students will receive a microloan of $3 USD to start a small business. Each student will work at his or her small business to earn a profit of $30 USD. Then, each student will choose an individual in a less developed nation to invest in by contributing $25 USD to a small business microloan on his or her behalf. This year, we will be partnering with Kiva, a nationally recognized microlending organization whose mission is to empower people in less developed nations with small business loans. With the remaining $5, students will pay back their $3 loan, and will have $2 left for personal use.
We will be able to track individual loan funding and repayment on our Unicorn Team page on the Kiva website. Our goal at the end of Project 3:30 is to help over 100 people in less developed nations work toward a brighter future.
In our world of 7 billion people, roughly 43% live on less than $2 USD per day.
Including people like:
Teresita, a 55 year-old mother of 11 who earns a living farming sugarcane in the Philippines.
Kazungu, a 41 year-old father of 2 who sells charcoal in Kenya to send his children to school.
Sadia Simon, a 30 year-old mother of 3 who runs a small fish selling business in South Sudan.
We’re talking about 2,470,000,000 people, each with names and faces and similar stories. Many of these people have little to no access to formal education or job training, which means they are left with no real hope of improving their living conditions or providing new opportunities for their children. Life will stay the same, and poverty will remain.
But what if we could help? What if we were able to help provide something sustainable, something that could last?
Project 3:30 is our opportunity to invest in people in less developed nations and help give them new hope for a new future.
How does Project 3:30 work?
Students will receive a microloan of $3 USD to start a small business. Each student will work at his or her small business to earn a profit of $30 USD. Then, each student will choose an individual in a less developed nation to invest in by contributing $25 USD to a small business microloan on his or her behalf. This year, we will be partnering with Kiva, a nationally recognized microlending organization whose mission is to empower people in less developed nations with small business loans. With the remaining $5, students will pay back their $3 loan, and will have $2 left for personal use.
We will be able to track individual loan funding and repayment on our Unicorn Team page on the Kiva website. Our goal at the end of Project 3:30 is to help over 100 people in less developed nations work toward a brighter future.
2013 Project 3:30 Video