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One Dollar One World

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Vital Stats

Vishal P

Wallingford, CT
  • amount raised26000
  • People Doing It 1000

The Problem

It's difficult to raise the money you need to start a new business. It’s even harder if you’re trying to start a business that isn't going to make investors any money. In the case of A Happy Life (www.happylifecoffee.com), a not-for-profit business working with rural farmers in developing countries investments need to be made not only in the product for sale but in the farming community itself. The primary return on investment comes in the form of better quality of life for the beneficiaries but marginal monetary return. This gives “investors” little incentive to back such a project. Any dividend paid to an investor is money that is channeled away from helping people who really need it. Another option is the crowd-sourcing of funds for a start-up project, which has gained popularity recently. However, this option is a one-off for the consumer and doesn't foster community building which is an attribute to any successful non-profit organization. Although such efforts raise revenue for a company, profitability is marginalized if not negated, leaving money only to restock supply rather than being applied to where it is need most.

Plan of Action

Our plan of action is to develop a “slow and steady” crowd-sourcing model, entitled One Dollar One World. “Funders” will pledge to contribute one dollar every two weeks (ideally on Thursday aka payday). Funders will be able to sign up online via a website (www.odow.org) and will be automatically charged every two weeks. With such a low buy-in, the barrier for consumers to join is low and with the recurring nature of the contribution they will become a part of a global community of change makers that join in giving on one day every two weeks. With just 1000 funders the project can bring in up to 26000 dollars a year. Funders will be updated via a newsletter every two weeks as well, on the number of total contributors and what the money is being used for. Additionally, the community will also serve as a potential market for A Happy Life products whose sales will increase additional profits to development areas.

For More Info

One Dollar One Wolrd - www.odow.org
Go
Global Poverty

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Source URL: http://www.dosomething.org/project/one-dollar-one-world