AUDIO
May 13, 2016

Podcast: A Company’s ‘Social Promise’ Sends Kids to School

In November 2013, CommonBond, a company that offers low-rate refinancing of student loans, and Pencils of Promise, a nonprofit that builds schools in developing countries, launched a partnership: For each completed CommonBond loan, the firm will fund a year’s schooling for a Pencils of Promise student. In the next year the program will provide up to $1 million for the education of children in need.

In this segment from the Business of Giving, David Klein, CEO of the loan company, and Michael Dougherty, head of Pencils of Promise, discuss the "1-for-1" philanthropic approach and the ethos of "social promise" that undergirds CommonBond’s business model.

Listen to the full interview below.