“CARE organized more than 75,000 Village Savings and Loan groups from Afghanistan to Sri Lanka, with a total of more than 1.6 million members. Each member (70% are women) contributes as little as 10 cents to the pot each week, and the combined funds are then lent to fellow members to start businesses. Between 1991 and 2008 these Village Savings and Loans from 21 countries in sub-Saharan Africa lent $84 million, at an average of $25 per loan.”
Imagine that. Starting with a single dime, then collectively, steadily and eventually, $84M in contributions were gained and given. How would you like to be part of something so much bigger than yourself with nothing more than your spare pocket change? The Pockit app enables that, and so much more. Here’s how…
The Pockit app works at any POS system where the Pockit logo is displayed. Use cash at that store, and the change back from that transaction can be automatically deposited -- as digital currency -- into an account of your choosing.
First benefit: no coins or loose change to carry, collect and count.
Second benefit: you choose whether that pocket change goes into a checking or savings account, or it replenishes a gift card,
Third benefit: You have the ability to deposit those funds into a specially designated Pockit account where every dime collected can be assigned to a charity or cause near and dear to your heart.
Now, more than ever, there are so many good causes and more than many good reasons to give. Among the virtually limitless categories of causes include humanitarian, environmental, faith-based and philanthropic, arts and education, people in dire straits, animal rights required for puppies to polar bears, elder-care, health care, diseases to be cured and so much more.
Sometimes the most challenging decision is not about whether to give, but how to stop! It may help explain the number of billionaires who’ve signed the ‘Giving Pledge” where America's wealthiest folks donate ‘at least half of their fortunes to charities and philanthropic causes either during their lifetimes or in their wills. Today, more than 130 couples and individuals from 14 countries have signed on.’
Whether you’re fortunate enough to be a billionaire or simply someone willing to do what they can with spare change, giving is good for you and good for the world. In addition to the satisfaction of helping solve a local or global problem; besides the feeling of knowing you’re doing something that contributes to a greater good; and for doing what is fundamentally the right thing, there are some practical matters that make giving a good thing.
We said before the Pockit app makes it easy to save to give. Every cash purchase resulting in change back means an easy deposit into your Pockit account tied to the cause you select. So it’s a no-hassle way to give.
And that contribution also makes good business sense, besides. “A cash gift is the simplest form of charitable giving. Your tax deduction is equal to the amount of cash you donated, minus the value of any goods or services you received in return… the benefit of gifting cash is that it’s incredibly simple to do, and there’s no confusing tax deductions or benefits to handle.”
At its heart, we give because we have kind and generous spirits. With knowledge and maturity, we develop greater awareness of the needs of others and a burgeoning sense of responsibility to help. When it’s as easy to save as it is with the Pockit app, we now have a tool for social good in the pocket change we collect in order to contribute. It’s giving, for good.
See you on the flip side!
Penny Pockit | Customer Relations
1 - Forbes “The Giving Change” 11/16/2009
2 - CNN Money ‘5 billionaires giving their fortunes away’ by Jackie Wattles June 2, 2015
3 - The Balance “8 Types of Charitable Giving”by Wes Moss August 06, 2016