Here is the second article in our series taking the complication of the financial world and explaining our purpose in a non-financial sector example.
This time around, we visit the quintessential British allotment. Previously we were sharing cake.
An allotment divides a field into parcels where individuals can grow their own produce as part of a community initiative. The allotment members are part of a community by collaborating together. One famous example would be how people use the roofs in New York to produce honey or salads. In America allotments are often called community gardens.
Nowadays, most people live in cities with large densities so land is expensive – the average price of a square meter of property is £2,216 in the UK. So for anyone wanting to grow something but does not have a garden buying a piece of land can be costly and unproductive as land is rarely sold in small sizes. So Council’s and co-ownership societies have taken a piece of land and put it into parcels that are rented by a keen grower to maintain and grow produce. Breaking the larger piece into smaller chunks reduces the threshold to the person most likely to be interested. Its also an efficient method to use a resource that may be held back from public use or be wasteland.
In our case, instead of sharing a field together you will share a corporate bond by buying a fraction of it, reducing the cost of ownership for everybody but receive the full reward. We are making you collaborate together, not to produce locally grown vegetables or fruits, but to help you produce income by using your savings as the fertilizer to make your income grow.
With this concept of fractional ownership of bonds we want to help you start to harvest income in a collaborative way and together we build a community of savers.