Better Globe Forestry Ltd (“BGF”) plants trees in the semi-desert south of the Sahara and have local customers who purchase the harvest and wood from the trees. Better Globe AS have customers around the world who contribute to BGF financing by buying trees and donation packages, while they themselves save their money in an ethical, sustainable and long-term way.
As a customer with Better Globe AS, you contribute to the fact that trees can be planted in parts of the world that are in great need of new forest. At the same time, you are helping to create jobs in rural areas in eastern Africa. The consequence is reduced poverty and increased opportunities for families to stay together.
You also contribute to a positive environmental impact because the trees bind carbon dioxide, prevent desertification, stabilize the soil and provide the conditions for more nutritious agricultural land. All in all, soil erosion and dehydration of lakes are counteracted.
BGF take care of the trees
We in Better Globe AS believe that real and long-term sustainability is only attainable if all parties in a business fulfill a profit interest. As a consequence, our social enterprise has fully adopted these principles to meet our goals of eradicating extreme poverty in East Africa together with our partner, BGF.
In our sustainable business model, you, as a Better Globe AS customer, make the main profit when BGF buys back the trees when the trees’ production age ends. This economic incentive is our thank you to all our customers for helping us to crowdfund the activities of BGF, which in turn creates long-term and sustainable social change in East Africa.
Each tree you buy for 17 € gives an expected return over a 20-year period of 208.25 €. Up to and including 2017, we paid out almost 1 million EURO to the customers who bought trees during the period 2006 to 2013.
Donation Package – do good and make money
We wish that all our customers would buy donation packages. The donation package includes four trees and funding for, among other things, school activities. Two of the trees in the donation package retain you as a customer and receive a return in the same way as described above. The other two trees in the package are donated to farmers, to local organizations and to schools. They thus gain access to the trees’ value growth.
At present, we have used money from the donation packages to build two schools and towards renovation of several schools. Part of the money in the donation packages finances microloans and microloan banks. We do not run any schools or microloan banks ourselves; we finance the operations and leave operations to partner organizations.
The final part of the donation package is financing of water-related projects. We help to finance drilling of wells, we put up gutters and tanks, when necessary we provide water to areas where it is needed and where we operate, and so on.
Regular savings – something we appreciate and reward
Like other businesses, BGF are dependent on regular revenue. BGF need to pay their employees salaries, manage the plantations and develop the business. Therefore, they really appreciate the customers who buy trees or donation packages regularly.
From a private financial perspective, it is more profitable for you as a customer to buy trees for 17 € apiece than donation packages with two trees for 53 € per package. For us, everything that the donation packages contribute to, such as school activities, microloans and increased access to water, is of the utmost importance. We have therefore chosen to reward all customers who buy at least one donation package and 10 trees each month.
We do this by giving out 20 bonus trees at the end of the year. Buying a donation package and 10 trees every month results in 12 trees per month, or 144 trees per year. In addition, you get 20 bonus trees, which means that you have a total of 164 trees at the end of the year. The average price for the trees will then be 16.31 €, which is less than the regular price of 17 €. Since the amount you get in return for each tree does not change, the percent of return is higher, even though you buy the slightly more expensive donation packages.
Start saving some of your money in trees
If you want to join in and make a difference, contribute to a better world, and manage your savings in an ethical, sustainable, and long-term way, click on the link to our shop.