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Juma Ventures

Juma Ventures. Juma was founded in 1993 with a single Ben & Jerry's Scoop Shop in San Francisco, becoming the first nonprofit organization in U.S. history to be awarded a corporate business franchise.

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Juma Ventures

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  1. Juma Ventures • Juma was founded in 1993 with a single Ben & Jerry's Scoop Shop in San Francisco, becoming the first nonprofit organization in U.S. history to be awarded a corporate business franchise. • Juma has since grown from a job-training and placement program serving 25 youth to a comprehensive, award-winning youth development program considered one of the premier social enterprise programs in the U.S.

  2. Juma Ventures Mission: Juma's mission is to break the cycle of poverty by ensuring that young people complete a four-year college education. Vision: Juma Ventures is a powerful force for change for under-resourced youth who are motivated to earn a college degree. Juma youth engage in an innovative, award-winning program that integrates employment in social enterprises, college preparation, financial literacy and matched savings accounts. Juma's comprehensive, award-winning program empowers low-income youth to transcend challenging circumstances, fulfill their inherent potential and positively impact their communities.

  3. CollegeSet Initiative • CollegeSet is a ground-breaking public-private venture with an overall goal to improve the financial future of students so that they have a greater chance of successfully graduating from college • CollegeSetprovides: • 1. Financial capability training to more than 1,000 low-income students • 2. College savings accounts and fee-free transactional bank accounts • 3. Match-savings of up to $1,500 per youth for educational expenses • 4. Coaching to complete the Free Application for Federal Student Aid • 5. An online platform to promote the collaborative, connect individual donors with youth savers, and educate participant families and the general public about college savings opportunities

  4. Project Proposal: CollegeSet App • WHAT: An iPhone app to engage 1,000+ young people in a community promoting financial capability and educational goals • WHY: Break out of the poverty mindset, increase savings/delay of gratification behavior • WHAT: • Direct links to personal budgets and long-term financial goals • Distinguishes assets vs. liabilities and promotes wealth accumulation (savings) • A game with check-ins/a point system to encourage participation • Peer approval and encouragement of savings behavior • SIMILAR TO: • Mint.com • Numbers • Intuit • Debtfree

  5. Questions? Contact: Adriane Gamble, CollegeSet Director adrianeg@jumaventures.org / 415-815-9887

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