In business world, it is required that you have knowledge about how it works, strategies and how to deal problems in the future. Most businessman had a degree just to be good in their field. But did you know that there is a kid who started a bank?
In Peru, there is a kid who is only 14 years old. But this kid started a real bank with credit cards, employees and lots of money. Who is this kid and how did he start a bank?
He is Jose Adolfo Quisocala Condori. Jose is a kid with very few words. He noticed that most of his friends know nothing about money. Every time they get a dollar, they spend it on things that didn't matter. That was a problem, because these kids will grow up with no savings or no safety net or understanding of personal finance.
It is important to save money----Jose
At the age of 12, he wanted to fix this problem. So of course, like any kid would do, he started bank. He incorporated a Financial Institution. He printed debit cards and give them to his classmates. Now all their allowance would go to their savings account. The more they save, the more money they make.
It's the first bank in the world started by a kid.
And it worked! Now he has over 3,000 kid customers that believed in him and 8 employees that are older than him. Together, they manage more than $50,000 in savings for kids. And educate thousands of them on how to handle money.
And here's the crazy part. His bank is very different from any other banks. Because at Jose's bank, you don't even need money to start an account. He started a program to help kids make money from trash. Yes, you read it right! Any kid can bring in plastic waste and he will recycle it for them and give them money in their bank account. This way you make money as a kid and the streets of Peru have less plastic waste.
In 2018, Jose won an International Climate Award for his work. Despite his age, Jose is solving two big problems. He is making the planet green and the wallets of his classmates even more green and that is impressive!
photo/information source:Google/Youtube
Haha that's amazing! See, you don't have a degree to start a business but we need money 😅 And he's only 14 that's unbelievable! Thank you for sharing!