The 12 year regenerative CD just got a big partner
We can now say that a large credit union is in discovery around this product with Jerome Bouillon and me on a 12 year CD that acts like a savings bond to have school age kids, from first grade on to graduation, invest in regenerative deals, enterprises that are good for the planet and for people in marginalized communities.
We worked with Self help before to co create and eventually underwrite our the friends and family funding tool that is finally only days away from debuting with Impact Hub Oakland and Uptima Business Bootcamp, led by Rani Croager under the Runway brand. It is in the process of being duplicated in Cincinnati and Seattle with Mortar, the world class accelerator led by Derrick Braziel working with under represented neighborhood scale enterprises. We’ve been working with them through Neighborhood Economics for three years and that partnership is growing.
This long term CD could invest in deals like Shaun Paul’s Ejido Verde, Willy Smit’s solution to palm oil plantations deforesting the Borneo rain forest and Marc Barasch’s Green World Ventures Moringa for nutrition project in Nigeria. Forestry needs long term money that is patient.
We are talking to a local charter school principal here in Asheville tomorrow who was involved in microfinance in an earlier career. And then there is the aspect of affluent charter school kids learning about projects like DeWayne Barton’s Hood Huggers, here in Asheville; a garden and biodiversity and culture project here in a predominantly African neighborhood that is at risk of gentrification and the affluent kids would learning about the problems kids in poor neighborhoods face and invest, give and volunteer to help them, thus potentially earning a higher return on the long term CD.
The kids could do that, while they learn, as Jerome says:
The goal is to link education & impact investing.
The 12 year CD will be used to teach children from Kindergarten to grade 12 that
1. We are interdependent with each other. My action as a citizen/consumer have repercussions across the world (“Riparian” concept). By buying Palma oil related product — like a yummy hazelnut spread -, I might endanger the natural habitat of orangutans in the Borneo Jungle.
2. Money with purpose. Money is the most widely used element in our life. Unless social studies &/or mathematics, its use & purpose are not taught at school.
Students would be investing in a long term investment every year that would/could:
1. Partially or fully protect the invested capital capital (Zero coupon or laddered CDs).
2. Be invested in a sustainable project that would yield financial profit as well as regenerative impact (Planet & People).
3.It would be used for educational purposes across several disciplines: social study, mathematic, languages & art as well as community engagement and citizenship.
At the end of high school, they will receive their capital as well as their share of the profit. More importantly, they will have understood the following (We hope!):
1. Money is a tool and not necessarily a goal
2. Money can be leveraged for the greater good
3. How to invest or at least ask the right question (soft due diligence skills)
4. Why some neighborhoods are wealthy and some are not and what can be done about it.