Students sell CD for £400 to City slickers after biz pitch – £860 raised for charity

Written by , January 7, 2011

Two teams of 14 youths aged 17 – 22 ran their own businesses, eventually raising...

Two teams of 14 youths aged 17 – 22 ran their own businesses, eventually raising £860 for Great Ormond Street Hospital at the end of a rip roaring market day at the Paddington Arts Centre.

Half of that cheque came from a single copy of Freedom Cry, music written and performed by people on death row in African jails.

MyBnk’s revolutionary ‘Enterprise in a Box’ education toolkit armed Westminster youths with the knowledge and resources to start and run their own socially conscious businesses, as they worked towards completing their Team Challenge & Community Projects as part of their course.

The Edgware Road students got to grips with everything from marketing and budgeting to the hard sell whilst working in and with the local community.

Our other budding Richard Branson’s sold Kabloom Seedboms – a garden grenade that grows into eco friendly plants.

MyBnk helps youths get to grips with modern personal finance and set up their own businesses with 0% interest loans from our youth-led banks.

Prince’s Trust students decided to raise money for Great Ormond Street Hospital

The borough is one of our priority areas – over half of children in Westminster live in a low income household and a third in a jobless home. Large pockets of poverty and unemployment stand cheek and jowl alongside £1million properties.

25,000 young people in 150 schools and youth organisation have had their first enterprise experience with MyBnk whereas 90% of UK adults have had no form of financial education.

MyBnk founder & CEO Lily Lapenna said:

“I’m inspired that young people, who have an interest in business, are becoming agents for social change. They realise that social enterprise is about the triple bottom line; people, planet and profit”.

Prince’s Trust Team Leader, Henderson Murray said:

“The relationship that has been fostered between MyBnk and City of Westminster College, Prince’s Trust has helped shape and guide our students through some very challenging times, it has always been done with co-operation and fun as tenets.”