Microfinance Project

The outgoing Prefects team at Kirkcudbright Academy have enjoyed a really successful fundraising year. Over the year they raised a very impressive £4600 for their main charity, Cancer Research Kids and Teens UK. Additionally they were challenged to work alongside the Rotary Club of Kirkcudbright to raise money towards a microfince project operated by the charity 'Opportunity International'. The Rotary Club challenged the students to raise £250 which they would then match. This the students did very successfully.

Microfinance can play an important role in improving the lives of poor people throughout the world by providing financial services for poor and low-income clients. Although most attention is on the provision of small loans, microfinance in fact also includes the provision of other basic financial services such as savings, money transfer and insurance for poor people. Improving access to such services allows poor and low-income people to finance income-generating activities, build assets, stabilise consumption and protect against risks.