More than a dozen local charities have received thousands of dollars in donations from secondary school children who took part in last year’s Scotiabank/Barbados Entrepreneurship Foundation (BEF) $20 Challenge.
Now in its seventh cycle, the annual $20 Challenge started toward the end of last year and lasted for several weeks. Scores of fourth and fifth form students from six secondary schools set up businesses from a loan of $20 each and made thousands of dollars in profit.
Today, some of the potential entrepreneurs presented their choice of charity with proceeds from the sales of their products, which ranged from clothing, food and art and craft.
The students said they were happy to donate to the various charities because of the work they were doing for the development of the country.
Senior marketing manager at Scotiabank Lisa Cole, said the banking institution was happy to be part of the Challenge, adding that she was pleased the participants chose to donate to a charity.
“This brings together so many organizations that are doing good work in our communities and highlights the generosity of these young people who are giving back even as they earn an income for the first time,” said Cole.
Pointing out that there were “many things in any society that need improvement,” Cole commended the charities for doing just that.
“You are showing that you care and are willing to do something to make our community a better place. This is the kind of altruism and energy that will help Barbados grow from strength to strength,” added Cole, as she thanked the children for doing what they can “to make a difference in this world.”
A total of 13 charities were presented with cheques from students from the Codrington School, Queens College, The St Michael School, Graydon Sealy Secondary, Springer Memorial School and the Ursuline Convent School. The Vagrants and Homeless Society also received hampers.
Representatives of the charities expressed gratitude for the donations saying they would be put to good use.