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At the age of seven, while his friends were spending their allowances on things like candy and toys, Jose Adolfo Quisocola was busy saving money for basic purchases. To try to get his peers(同龄人) to do the same, the boy from Peru came up with the idea of an eco-bank, the Bartselana
Student Bank, which allows kids of all ages to become financially independent while also helping the environment.
Set up in 2012, the bank is the world's first bank for kids. To become a member, a kid has to bring in at least 5 kilograms of solid waste and set a savings goal. Once accepted, all bank “partners” are required to deposit at least one additional kilogram of recyclables on a monthly basis and observe other requirements, such as attending financial education and environmental management workshops.
The waste accumulated is sold to local recycling companies, who, thanks to Jose's efforts, pay a higher-than-market rate for everything brought in by the bank members. The money received is placed in the personal account where they collect until the savings goal is reached. The account holder can then withdraw the money, or choose to leave it and continue to grow for a bigger target. “At the beginning, my teachers thought I was crazy or that a child could not undertake this type of project,” Jose recalls, “They did not understand that we are not the future of the country but its present. Luckily, I had the support of the school headmaster and an assistant in my class.”
The boy's efforts paid off, and by 2013, the bank had over 200 members, who brought in one ton of recyclable waste. Today, the eco-bank, which now has the support of several local institutions, boasts ten educational centers. They are designed to teach the over 3,000 students, aged 10 to 18, to become financially independent, use their money wisely, and help the environment.
Not surprisingly, Jose's efforts have earned him several national and international awards. On November 20, 2018, Jose won Children's Climate Prize, which comes with a medal and $5,500 in prize money and is given to a child or youth who has accomplished an extraordinary achievement for the climate or environment.