[10/6/2016] Just a little celebration. We just made our first "Fair Trade Recycling Offset" transaction.
We sold about $10,000 worth of computers to Chendiba Enterprises, who have a Vermont based tech testing all the displays and PCs at our plant before he buys them for export. He's our "Joe Benson".
Normally, we take a deposit of 80% when the computers leave Vermont ($8,000 say), and wait for the computers to be received and reconciled in Ghana. Then the next containerload is $10,000 - $2000 for the reconciled shipment #1, and another 80% / $8k deposit for shipment #1.
This week, we told our Ghana buyer to take $100 out of the $2,000 reconciliation and give it to the father of one of the Chendiba Techs (who I met and filmed in 2015). He is a retired high school teacher who kept his own father's tradition of small scale metal smelting. He made our Fair Trade Recycling bracelets in 2015.
We sold about $10,000 worth of computers to Chendiba Enterprises, who have a Vermont based tech testing all the displays and PCs at our plant before he buys them for export. He's our "Joe Benson".
Normally, we take a deposit of 80% when the computers leave Vermont ($8,000 say), and wait for the computers to be received and reconciled in Ghana. Then the next containerload is $10,000 - $2000 for the reconciled shipment #1, and another 80% / $8k deposit for shipment #1.
This week, we told our Ghana buyer to take $100 out of the $2,000 reconciliation and give it to the father of one of the Chendiba Techs (who I met and filmed in 2015). He is a retired high school teacher who kept his own father's tradition of small scale metal smelting. He made our Fair Trade Recycling bracelets in 2015.
