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Debs R Build a financial institution with a social conscience donating profits to education programmes for the underprivileged at home and abroad, and known as the 'Mothers' Bank'.

Last updated: 17 Sep 09 @ 16:53

In the current financial climate where millions of people, young and old, are suffering hardship due to bad decisions based on sheer greed by the banking industry, I find myself wanting to withdraw my business from the bank I have been with and trusted for 30 years.

The question is where do I put my money? I need a bank account to manage my income but the bank I choose must behave responsibly and have a social conscience. Is that possible? Those which come closest describe themselves as "ethical", meaning they won't invest in industries trading in, for example, animal furs, arms, and child labour. A good start, but what I really want is a bank that is committed to donating a proportion of its profits to programmes, at home and abroad, supporting the underprivileged in our society.

Most of my working life has been spent with a corporate multinational but after a career change three years ago, I now work in a team of NHS School Nurses in one of the UK's wealthiest counties. Unbelievably, an increasing part of our job is to monitor children at risk through neglect at home. These children suffer lack of food and clothing often due to a shortage of family income and poorly educated parents, many of whom were brought up in similar circumstances. The government provides finance for support and education programmes for these families but it's not enough since funding often runs out before the job is finished and parents can begin to operate independently with confidence.

My ideal bank is one which donates a guaranteed percentage of its profits, for example, to help better educate young people to help them break the cycle of repeated generations of teenage parents. Teenagers whose lives are over before they've begun, and who aspire to nothing more than the life experiences of their own parents. This example is only one of many causes across society which deserve support. The bank would be known as the 'Mothers' Bank' to remind us of its aim to provide the basic necessities of life; food, clothing, and education which every mother desires for her children and which every human being deserves. The bank would be open to all, not restricted to the female population despite it's name. If every parent used a Mothers' Bank account only to deposit and access their monthly Child Allowance it could provide the building blocks for a great mutual institution, and provide an opportunity to bring about a change in the way we live our lives and consider others less fortunate than ourselves.

Last updated: 17 Sep 09 @ 16:53

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AZUDOO Limited © 2009 - AZUDOO is a registered trademark.
AZUDOO Limited is a Mutual Society registered in England with the Financial Services Authority.
Registered office: Colechurch House, 1 London Bridge Walk, London SE1 2SX.
Registered number: 30368 R.
VAT No: 923 5133 46.