Teacher guide Microfinance

TLF ID M017769

This is a unit of work about the importance of microfinance in helping impoverished people establish a small business. Intended for years 5 and 6 and written with a global education focus, the resource consists of five single- or multi-lesson activities, titled: Trapped in the poverty cycle; Operating a small business; Microfinance; Making microfinance multiply; and Funding microfinance. The activities include examining case studies, creating budgets, and developing and evaluating a business plan. Some extension activities are also included. The resource provides links to videos, a PowerPoint presentation, websites, activity templates and a range of other resources about poverty reduction.



Educational details

Educational value
  • This is a valuable integrated unit of work, suitable for multi-age groupings of years 5 and 6 students as well as separate year 5 or 6 classes. It integrates aspects of the economics and business, mathematics and geography curriculums, reflects the Asia and Australia's engagement with Asia cross-curriculum priority and helps students develop a number of the general capabilities.
  • It is particularly valuable for the economics and business curriculum. The case studies are highly relevant for content descriptions that refer to choices about how limited resources are used (year 5), the effect that financial decisions can have on individuals and communities, and why businesses exist (year 6). The student activities provide opportunities for covering content descriptions about identifying and considering alternative responses to an issue, and applying economics and business knowledge and skills in familiar situations (year 5), and developing questions about a business issue and gathering data and information (year 6).
  • Developing a business plan for a hypothetical small business is an engaging and authentic context for various content descriptions in the Number and algebra strand of the years 5 and 6 mathemetics curriculum and for the organising element about estimating and calculating with whole numbers in the Numeracy general capability. The spreadsheet activities address content descriptions in year 5 about creating a financial plan; content descriptions in both 5 and 6 about using appropriate digital technologies for number operations; as well as the learning continuum about using money in the general capability at Level 4.
  • Many of the images and activities refer to microfinance case studies in various Asian countries and thus the resource is of use for the geography curriculum and for the Asia and Australia's engagement with Asia cross-curriculum priority. The importance of microfinance and microbusiness in escaping the poverty trap is relevant to the Ethical understanding general capability, particularly its organising elements that focus on understanding ethical concepts and issues and reasoning in decision making and actions.
Year level

5; 6

Learning area
  • Humanities and social sciences
  • Economics and business
  • Geography

Other details

Contributors
  • Contributor
  • Name: Australian Government Department of Foreign Affairs and Trade
  • Organization: Australian Government Department of Foreign Affairs and Trade
  • Description: Contributor
  • URL: http://www.dfat.gov.au
  • Name: Education Services Australia
  • Organization: Education Services Australia
  • Description: Data manager
  • Address: VIC, AUSTRALIA
  • URL: http://www.esa.edu.au/
  • Copyright Holder
  • Name: Commonwealth of Australia
  • Organization: Commonwealth of Australia
  • URL: http://www.australia.gov.au
  • Publisher
  • Name: Education Services Australia Ltd
  • Organization: Education Services Australia Ltd
  • Description: Publisher
  • URL: http://www.esa.edu.au
  • Resource metadata contributed by
  • Name: Education Services Australia Ltd
  • Organisation: Education Services Australia Ltd
  • Address: AUSTRALIA
  • URL: www.esa.edu.au
Access profile
  • Unknown
Learning Resource Type
  • Online
Rights
  • © Commonwealth of Australia 2014. Unless otherwise indicated, this material is licensed under a Creative Commons Attribution Non-Commercial Share-Alike 3.0 Australia (CC BY-NC-SA 3.0 AU) licence https://creativecommons.org/licenses/by-nc-sa/3.0/au/.