Ep 25. Ep 25 - Big Things Come in Micro Packages
- January 1, 2012
- 23 min
Ep 25 - Big Things Come in Micro Packages
In the 25th episode of the Secret Millionaires Club, the group discovers that big things come in micro packages. Warren Buffet explains to the kids that microfinance is a tool that can be used to help people in developing countries start their own businesses and lift themselves out of poverty. He then challenges the group to come up with a microfinance project that could help people in a developing country.
The kids split up into two teams and set to work. The first team decides to create a microfinance project that would help farmers in a remote village in India to purchase better equipment and supplies. They partner with a local microfinance organization and develop a plan to provide small loans to the farmers. With the help of their microfinance loans, the farmers are able to purchase new equipment and materials, which leads to higher crop yields and increased profits.
The second team decides to focus on helping women in a village in Tanzania start their own businesses. They create a program where women can take out small loans to start businesses selling products like baskets and soap. In addition to the loans, the team provides training and support to the women to help them succeed in their businesses. The program is a success, with many of the women being able to earn a steady income and improve their families' quality of life.
As the two teams reflect on their projects, Warren Buffet reminds them that small actions can have a big impact. He explains that by helping just a few people, they can make a big difference in the world. The group agrees and decides to continue working on microfinance projects in the future.
Overall, episode 25 of the Secret Millionaires Club explores the concept of microfinance and demonstrates how small loans can have a big impact on people's lives. It shows the power of entrepreneurship to lift people out of poverty and encourages viewers to think about how they can make a difference in their own communities.
