The CARPA Social Bank is philanthropist-inspired approach to social, environmental, and economic evolution.
This inclusive model opens up previously unattainable resources and revenue streams that now make it possible for remote vulnerable, rural and urban communities’ worldwide to participate in or create their own localized economies.
The CARPASOCIAL BANK supports fiat and digital currency as well as human, natural and cultural resources, which provide the capital to be traded on our platform between investors and communities at local and international levels.
Through the our platform and BARTERING APP, the parties decide on the form in which their individual capital and other gains get traded, monetized and disbursed.
The CARPA Social Bank is philanthropist-inspired approach to social, environmental, and economic evolution.
This inclusive model opens up previously unattainable resources and revenue streams that now make it possible for remote vulnerable, rural and urban communities’ worldwide to participate in or create their own localized economies.
Many Communities have abundant natural resources as well as other important attributes in terms of human and cultural talent. For this reason, the CARPA Social Bank aims to support and encourage communities and investors to identify, categorize and structure resources and transform them into shared gains
The CARPA Social Bank is an inclusive and sustainable economy generator that uses tools such as “bartering”, sweat equity and human talent to positively impact the quality of life of global vulnerable communities.
The intended outcome is to provide a competitive opportunity to communities that allows for self-sufficiency vs charity. This applies to those that are not well known due to their remote locations or urban communities that are over looked in a particular city.
The CARPA Social Bank is funded by the allocation of a .5% from all sales derived from transactions that occur on the Platform.
There are two functions for the CARPA Social Bank:
- Accumulation of funds into a third party fiduciary account for full transparency and accuracy. The trust acts as disbursement vehicle for qualifying projects providing entry capital for a particular activity or development that will garner gains for communities and position them to attract investors or customers.
- Communities qualify for the Entry Trading Fund (ETF) by subscribing to the platform and submitting their history, location and general data including any of their environmental, social, cultural or other resources they want to develop. This must be accompanied by their immediate needs, development concept, and strategy or over all objectives. As members of the CARPA platform, interested parties will contact the community delegate to determine their particular engagement.
- Help after a tragedy or emergency and provided by the CARPA Social Monetary Fund (SMF). This component is also managed by a third-party fiduciary account
Funds disbursed through the fiduciary account provide immediate help for a community in need. Through a collective vote, members on the platform chose the community that will benefit.
The platform is the vehicle that connects the funds to the communities, but the funds are never handled by the platform or any of its members. However, members on the platform can view and access all activity within the fund at any time. Products, programs, or services are paid for and deployed to cure a particular urgency; however, cash is never delivered to any community.