None of this comes at a cost to getting the best deal – in fact, the opposite is true. They also get unique tax advantages donations are made in the customer’s name, with a tax-deductible receipt provided. ![]() It’s also about remaining agile and flexible to respond to issues as they come up, such as the response bushfires and now, the COVID-19 pandemic.”Ĭustomers are empowered, choosing for themselves the cause their commission is directed to. “For us, it’s all about the impact we begin with calculating that impact target and work back to determine how many clients we need and the bottom line goals required to get there. “By 2025, based on our figures with initial partner The Hunger Project, we could realistically impact around 10,000 people, and that’s huge,” Katsande explains. The Hunger Project, which empowers rural communities in developing nations to end hunger and poverty through grassroots strategies such as women’s microfinance, is among them, as is fellow incubator resident The Generous & The Grateful, which works to deliver homes and hope for Australians in need. The idea for Benevolence was hatched in early 2019 and the company launched in February this year.īenevolence has established impact partnerships with carefully vetted organisations working to support society’s most vulnerable. It was there that Samuel (studying law, commerce and entrepreneurship) and Mitchelle (studying international business and finance) discovered that their values and aspirations aligned. Both were recipients of alumni-funded Mobility Scholarships – which took them to the National University of Singapore to attend an Enterprise Summer Program on Entrepreneurship. The pair met in 2018 while they were studying at Macquarie. We’re aiming to disrupt the finance industry and lead the shift to a sector that is more sustainable and human-focused.” “We created Benevolence as a viable alternative that puts people before profits. “Working for a major bank, and with the revelations of the Royal Commission, I began to question what I was contributing to,” recalls Samuel. In an industry first, Benevolence invests up to half its net up-front commissions from every loan into social justice impact projects. The recently launched social enterprise, based in the Macquarie University Incubator, is boldly turning the home lending model on its head. “Whether it’s your morning coffee or buying your dream home, we believe that every transaction can help fight injustice and shape our world for the better,” Samuel explains. This is the singular vision of Samuel Philipos and Mitchelle Katsande, co-founders of Benevolence Financial Group – a mortgage broker with a fundamental difference. Imagine a future where every purchase we make, big or small, contributes to a more just and sustainable future.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |