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At the age of seven, while his friends were spending their allowances on candy and toys, Jose Adolfo Quisocola, Peru, came up with the creative idea of an ecobank which allows kids of all ages to become economically independent and financially wise while helping the environment.
Established in 2012, The Bartselana Student Bank is the world's first cooperative bank for kids. Whoever wants to join has to bring in at least 5 kilograms (11 pounds) of solid waste (paper or plastic) and establish a savings goal. Once accepted, all bank "partners" are required to deposit at least one additional kilogram (2* 2 pounds) of recydables on a monthly basis and obey other requirements, such as attending financial education and environmental management workshops. The waste accumulated is sold to local recycling companies, who, thanks to some clever negotiation by Jose, pay a higherthanmarket rate for everything brought in by Bartselana Student Bank members. The funds received are placed in the individual's account where they collect until his/her savings goal is reached. The account holder can then withdraw his/her 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 principal and an assistant in my classroom."
The youngster's persistence paid off. Today, the ecobank, which now has the support of several local institutions, has ten educational centers and begins accepting applications from kids all across Peru. On November 20, 2018, the young boy was awarded the famous Children's Climate Prize (CCP). "Jose's ecobank is a brilliant way of linking economy and climate impact, both in thought and practice. The potential impact is amazing", a judge said.
Hopefully, Jose's success will inspire more kids and adults to come up with new ideas that create value while helping the environment. As the boy says, "Together we can change the world, we just need an opportunity."