Kiva.org loans to people of small businesses in poverty areas start at $25.
My 13 year old's DONATIONS bank only has a little over $10 in it.
Her MORE MONEY bank, on the other hand, has about $15 in it.
Good question - should we call this a DONATION or an INVESTMENT?
Well, according to Kiva.org, it is a LOAN. So, it's an investment. Now, the likelihood of it being repaid is what's known as RISK - and my daughter will have to decide whether she wants to accept that investment risk, or whether she wants to consider the risk to be 100% non-repayment (which I am sure is NOT the case at Kiva.org) - and just call it a DONATION on her own books.
Either way, she's not ready yet to do that.
[But, I am. I loaned $25 today to a seamstress. I am calling it an investment - one of a growing number of them in my portfolio.]
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Theresa Markham, Esq.
Author, The Kids' Bank Book
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