2017 Switzerland Global Money Week

Leading Organizations:
International School Rheintal
Organisation name
Participating Organizations:
Kinder-cash
Kunstmuseum – Liechtenstein
Number of children reached Indirectly: 104

Leading up to GMW, International School Rheintal ran a project entitled “Grow your CHF5” which involved kids setting up their own businesses for 8 weeks – they needed to pay back the CHF5 and 30% “tax” which went to Kiva loans. The children kept the rest of their earnings. During the Week, the students shared their experiences in running a business with the school. The Primary School Student Council ran a Flea Market and students were able to set up a stall for a small fee and sell their own things, or things from their businesses, and could keep the money raised.

Furthermore, the students in grades 9 to 11 visited an art exhibition at the Kunstmuseum in Liechtenstein focused on money, entitled “Who Pays.”

Additionally, ISR will used resources from Kinder-cash and, through this, provided financial education to the students of grades 1 to 8, encouraging students to save money for short and long term goals and also for charity.


2016 Switzerland Global Money Week

Participating Organizations:
International School Rheintal
Stapferhaus Lenzburg
Date of the event:
14th - 20th of March
Total number of children & youth engaged: 370
Total indirect reach: 490

Students from the International School Rheintal designed posters to promote Global Money Week. Students set up businesses using a CHF5 loan from the school and then ran these for 7 weeks – finishing in global money week. They shared their experiences with the whole school including parents. 30% tax was taken from the earnings of each business and then this was used to finance KIVA loans – students selected who they would like to receive the loans.

The Stapferhaus Lenzburg is a cultural organization in Switzerland that develops exhibitions about important topics of the contemporary time. The current exhibition illuminates the role of money in our personal daily lives and in our social coexistence. The exhibition highlights the way in which money gives us wings, but also puts us in shackles. It also showcases the way in which money is the measure of all things yet not worth mentioning. At this particular exhibition, visitors can literally bathe in money and at the end of their tour they decide themselves how much the exhibition experience was worth. Since the opening in autumn 2014 more than 60'000 people already visited the exhibition and the Stapferhaus Lenzburg is looking forward to including this exhibition in the GMW celebrations.

“I learned to not let people just say ‘I’ll pay you the next day” Johannes, Switzerland
“I learned how to manage money properly” Wesley, Switzerland

2015 Switzerland Global Money Week

Participants:
International School Rheintal
Date of event:
11th of March
Number of children reached:
150

The International School Rheintal (ISR) in Switzerland held a Whole School Assembly to mark Global Money Week 2015. During the assembly, 48 students who had started businesses as part of a project with a loan of SF5 from school shared their experiences with rest of the students. At the beginning of the project, the students were read ‘One Hen’, a story about a boy in Africa who takes a loan and starts a business with one hen and growing it into a large poultry venture. The students also viewed the interview of this person. A variety of businesses were opened by these student entrepreneurs which included Sushi outlet, Mindcraft party, hot chocolate stand, writing names in Japanese, banking service, selling cookies, selling loom bands, selling flavoured honeys, sketching images from photos, selling cards, among others. The students either formed joint venture with other students or worked independently. All this was done outside of the class time.

During the assembly, these student entrepreneurs shared details of their business, the challenges they faced and how they overcame them. Many interesting experiences were shared. For example, one student found that selling cold drinks in winter was not a good idea. Another realized that being friendly and welcoming helps a business to grow. Another student found that it was important to maintain records of transactions. All these young entrepreneurs expressed desire to be part of such assignment again while few others were determined to continue with the businesses they had started.

A total of SF3000 was earned by students during this initiative. The students were ‘taxed’ at 30%. The proceeds will be donated to an organization, which provides micro loans to start-ups.

Moreover, one of the parents also shared his experiences of owning and running a furniture business. He spoke about the rewards and challenges of his business. He also gave useful tips to students about managing a business. Four students who attended the Global Youth Summit in New York in 2014 also shared their experiences from that meeting.

In addition to the student entrepreneurship project and assembly, 21 students from ISR also took part in a Youth Talk with students from Uganda and Croatia.

 

2014 Switzerland Global Money Week

Participants:
International School Rheintal
Date of event:
10th of March
Number of children reached:
113

The students from the International School Rheintal in Switzerland connected with students from Retla Kool in Estonia for a Video Chat Café. The students enjoyed an hour long online chat via Google Hangout where they got a chance to share their thoughts on money, savings, budgeting etc.

Teachers from the International School Rheintal planned special lessons to ensure that there was a financial education theme throughout the week. In art classes students designed money, in physical education classes they played games using money, and in math class they did financial mathematics, and in the usual business and economics classes a special emphasis was given to Global Money Week themes. Even the German literature class joined in by working on a piece of work related to finance. In one of the math classes the pupils contacted local banks and asked them questions from a survey they designed to evaluate their youth financial products.

 

2013 Switzerland Global Money Week

Name of organizing entity - International School Rheintal

Partners - VP Bank Lichtenstein

Number of children reached - 100

International School Rheintal collaborated with VP Bank Lichtenstein during Global Money Week.

The VP Bank came to the school and gave two workshops - one for grades 1 to 5 and one for grade 6 and grade 11. With the younger group they did a simulation activity where students were put in groups of 2 and were given a profession, for example a farmer, woodsman or a jewelry craftsman. Then they were given the commodities that were associated with that profession. They had to trade to get things they needed - including salt. From this activity the students came to realize the importance of having money to buy things with.

The older group were told about bonds, stocks and commodities and then given ‘money’. They were then shown what gains were made on these over a certain period and then had to decide what they would do with their money. At the end of that period, they were given data for how it went and then had to decide how to invest their money for another period. They came to realize some of the risks and chances associated with investing money.

In addition the students in grades 1 to 6 made sketches of different coins and designed their own money.