'A footprint means pressing down and global means world, so 'global footprint' means pressing down on the world and we don't want to press too hard' (child's definition of a Global Footprint)
what is Global Learning? CoreKnowledge Key Skills Values and Attitudes what is sustainability? what about climate change?
what about climate change?

Financial Literacy and School Linking

Microfinance and School Social Enterprise

"Fund-raising" can be shifted into a financial literacy activity allowing children to learn about:

  • budgeting
  • business planning
  • presenting a case for a start-up loan
  • auditing the project and presenting the audit
  • repaying the loan
  • deciding on what to do with the profit.

To download an information sheet, click here.

The loaning of money for a 'fund-raising business' allows you to bring in local business people or bankers or Credit Union staff to act as the panel. They should be given a budget from the school that they can decide to loan to the young people. They should be well briefed beforehand, and need a tick list of items to review.

If there are gaps or problems with the presented business plan, the panel can either lend out the money with conditions attached, or suggest the students represent their plan later with changes. At the end of trading the panel can meet again to receive the loan back along with a report of business activity, this can be a celebration, with the children receiving certificates recognising their work and skills, signed by the panel.

Credit Unions and School Social Enterprise

In Uganda many schools in villages and towns use their local Credit Union, called SACCOs for their accounts. Teachers may do the same, as well as parents, and there are schemes to promote accounts to young people. To find our how a Ugandan SACCO works you can read a webpage (with various downloads) based on an interview of Justine, the Manager of the Mushanga SACCO, click here.

Your school council, or social enterprise groups could set-up an account with the local Credit Union. In doing so they would be reflecting the actions of schools in the South, and could use this as an opportunity to learn about  the role of credit unions in community development, and in Fairtrade communities.

As part of co-operative development the Ugandan Co-operative Alliance will encourage some 100 local farmers to create a co-op, this will become part of  triangle of organisations, a marketing co-op and a credit union. To find out more you can see video clips of Innocent talking about his job, with powerpoint slides, working with Ugandan farmers, click here.

A briefing on Credit Unions and school linking will be available soon but you can download a briefing for using them in schools, click here, or using them with Young People Funding Panels (children acting as a loan or grant panel) click here. Both these briefing sheets use the same relevant quotes and share chunks of information.

MyBnk - Children Running a Bank

http://www.mybnk.org
MyBnk are an education charity working with young people to build the knowledge, skills and confidence to manage their money effectively and make enterprising choices throughout their lives. All of our programmes develop young people’s finance and enterprise capability through fun and interactive activities which put young people at their heart.

YouthBank UK – Cash for Action!

http://www.youthbank.org.uk/
Young people running microfinance for young people's projects. YouthBanks are run by young people for young people. YouthBanks provide small grants to fund young people’s good ideas to benefit their local community. "We rule YouthBank!"

Junior Saving Club Report from Swansea

pdf of Report
LASA Credit Union were keen to start a Junior Savers project in schools to encourage the younger generation to look after their money wisely for the future, by promoting good money management skills and the opportunity to save through LASA Credit Union.

How to Set-up a Credit Union Collection Point in Your School

Pdf of advisory document
This has a flow chart of actions and a case study from Dyffryn School in Neath Port Talbot.

Launch of A Credit Union in a Hillingdon School

News item with video clip
The local MP website has a news item with a youtube video interview of Pauline Stentaford-Till, the development worker for Hillingdon Credit Union.

Credit Union Run by Students of Lochend High School

Web report of school-based Credit Union
Lochend senior pupils are running the school-based Credit Union as part of their Community Involvement time with support from New Easterhouse Credit Union and GEMAP (Greater Easterhouse Money Advice Project). This takes up one period a week of their time. A member of staff from GEMAP works with the group of six pupils to have meetings discussing the organisation of the group and how best to promote the service in the school.  

The Co-operative Approach to Finance

Co-op College Teaching Resource
A part of the financial literacy teaching resources online from the Co-op College looking at students creating their own co-operative finance business, like a Credit Union.

Teaching Pack Focusing on Credit Unions

Collosal Cards for Teaching Finance
This is a very useful resource for teachers. It enables them to apply individual lessons where appropriate or combine lessons into modules. Good visual aids to be used and very suitable for a wide range of age groups. Also, the cards and the supporting activities could provide useful underpinning knowledge to students before they start an enterprise activity. There is an emphasis on credit unions.