The Pig & The Penny

The Pig & The Penny

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Did you grow up with a piggy bank? You know, the pink kind that smiles end to end as you proudly plop each copper penny into its thin slat? Plunk. Plink, plink. Yep, me too. But, what I’ve come to realize is the psychology behind that little pig is much broader than I thought. To me, that piggy bank was the first representation of “savings” - or the idea of storing money for another day. As a kid, it could sometimes feel like torture, waiting endlessly for that 50 cents to grow to $5 so I could finally buy that special toy. As a teenager, it started to feel like power, where I didn’t have to ask my parents for every purchase. As a grown adult, it feels like safety,…
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Echoing Green – Social Impact Talent Report

Echoing Green – Social Impact Talent Report

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We’re proud to announce that our founders Cat Berman and Yuliya Tarasava have been selected for consideration for the Echoing Green Fellowship. Each year Echoing Green evaluates thousands of applicants and roughly only 1% of applicants are selected. Congratulations are in order for Cat and Yuliya, who are working to democratize and simplify finance through CNote. The two will travel to New York for interviews and could be selected as finalists for the “Echoing Green Fellowships – [a] two year immersive leadership development program that provides seed-funding and hands-on support, and embeds them in the Echoing Green network.” Echoing Green is a truly remarkable organization that “identifies tomorrow’s transformational leaders today.” Echoing Green works to find extraordinary individuals, who have influential ideas and original solutions. "We unite this diverse group of innovators,…
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Borrower Story: Meet Maria Cruz with Heavenly Flowers

Borrower Story: Meet Maria Cruz with Heavenly Flowers

Borrower story, CDFIs, CNote
[caption id="attachment_2535" align="alignright" width="297"] Maria at her shop "Heavenly Flowers"[/caption] Meet Maria Cruz from Long Island. Her passion and area of expertise is flowers. With the cash she saved while working at her sister’s shop, she succeeded in opening her own flower shop in 2009. Her business grew and she was able to open up a second shop in 2015. Things were going well until some equipment began to fail during an uncharacteristically slow summer season. She needed more money, however, banks turned her down flat. “I couldn’t understand why no one would loan to me. I just kept running into a dead end,” says Cruz. Both shops were profitable and her credit was good, but the only loan options available to her came through the large pool of largely…
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