Starbucks' Create Jobs for USA

Starbucks’ Create Jobs for USA

Americans themselves would start lending to small businesses, with Starbucks serving as the middleman. Starbucks would find financial institutions willing to loan to small businesses. Starbucks customers would be able to donate money to the effort when they bought their coffee. Those who gave $5 or more would get a red-white-and-blue wristband, which Schultz labeled “Indivisible.”

So long as loans are issued carefully, and capital reserves are not over leveraged, this could be an extremely effective tool for creating small business loans and (potentially) new jobs.

I guess my question is: what happens to the donated capital as it grows in the CDFI’s (basically consider a CDFI a bank for these purposes) coffers? Is it separately earmarked for this purpose, forever?

Still, kudos for actually doing something. I’m in.