TheBizFix Podcast 04: Cat Berman of C-Note on Investing with your Values and Empowering a New Generation of Socially Responsible Savers
Cat Berman is a 3-time entrepreneur, who is passionate about the intersection of meaning and money. She has served as strategic consultant for social ventures around the world.
Cat is the founder of CNote, and she wants to turn Americans who are saving money into socially responsible investors in communities. She’s focused on designing new financial opportunities called CDFIs (Community Development Financial Intuitions) to unleash a new area of financial empowerment. CNote is a high-yield, low risk savings product that delivers savers a 2.5% return with positive social impact.
CNote works with Community Development Financial Intuitions (CDFIs), who are essentially — lenders to the community. CDFIs do more than traditional banks that merely provide small business loans. CDFIs help mentor small businesses on fair capital and provide business coaching. Moreover, they focus helping women or minority groups that may not get a loan approved by a bigger institution.
CNote focuses on impact investing, which means that investments go towards local community businesses — specially investing in women and minority entrepreneurs. Cat believes that CNote is the linchpin that connects CDFIs with lenders, many of whom happen to be ordinary Americans, not high net worth individuals.
Check out: www.mycnote.com and the Podcast below