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Our3Q – Coin Back, Thailand

Jasnam – the owner of the Coin Back. The company has created a machine into which tourists leaving Thailand may throw small change remaining after the trip, instead of taking it with them to their country where it will be totally useless. Throwing a given amount, you can select one of four non-governmental organizations which will be supported, and later you can follow the fate of transferred money on the Internet. Supported organizations are changed every three months, they are all described on the screen that is installed in the machine and the financial assistance is converted into very specific elements, e.g. the number of meals for children or of planted trees etc. The given percentage remains in the company, providing its survival and the possibility of development.

 

Q1: What do you appreciate yourself in the business mainly for?

I think we have a very dedicated, professional team. We started with the field survey, we interviewed hundreds of passengers at airports, asking them how much money they still had and whether they would be willing to donate it before flying out of the country to local NGOs. On this basis, we created business plan and model.

 

Q2: What is the biggest challenge/ obstacle for you now?

We have the first prototype machine, we are still looking for investors and partners who will help us spread the idea. We need a large amount of money before we start activities on a larger scale. Production of one such a device is not cheap.

 

Q3: What advice do you have for yourself in this situation?

Do not be afraid to ask for help. We appear at all possible meetings, events, go form one company to the other and ask every encountered person if he or she could help us somehow. As a result, the first machine was made only of materials purchased by the company which liked our idea.

 

The questions were asked on our behalf by Anna and Andrea from How to (ex) change the world.

exchangebabel.com

Thailand, October 14, 2015

ID: 004/100

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