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From Across the Pond |
MyBnk: The Answer to the Global Economic Crisis?
on February 19, 2009
Well this week I thought it would be topical to talk about a charity who are bringing financial education to children in the shape of their own "bank in a box".
MyBnk founder Lily Lapenna, who won the New Statesman Young Social Entrepreneur last year, set up this social enterprise to build the knowledge, skills and confidence to enable children to manage their money effectively and make enterprising choices throughout their lives. MyBnk is addressing this need by running assemblies and offering curriculum activities, as well as getting schools to set up their own bank in the school to encourage children to save money on a weekly basis whilst also offering loans for children to set up their own enterprising activities.
Although currently MyBnk is only available in the UK they have plans, once it is properly established over here to make the resources available to a worldwide audience. Many schools have already bought into the concept of using the resources and the bank to meet the requirements of specific parts of the national curriculum, such as Citizenship and PSHE.
So look out, sometime in the very near future, you and your students will be able to set up and start running your own micro finance initiative, not only encouraging your children to learn sound financial management but also enabling them to put their enterprising ideas into action thanks to their very own bank! I'll let you know how MyBnk develops.
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