Credit Do's Work for Good. Save for Greatness!

idea by creditdo

Applicant Name

First and Last Name:

Chris Avila Hübschmann



What inspired your idea?


Raised by a long line of hard-working Texans, I worked my way through college. My freshman year, I bought my very first credit card outside the campus bookstore, where I spent $300 in credit on textbooks. Weeks later, I made a shocking discovery. According to my credit provider, I had unwittingly amassed over 7 years of bad, unusable credit. This inspired me to take action. I thought: what if our credit score was representative of what we do?—what we’ve earned—and based on our merit? Credit Do is rooted in the belief that credit is measured by our positive impact to the community at large.

What’s your social impact business idea?


Credit Do is a non-profit, asset-building social business dedicated to making financial independence a reality for all. We create unique opportunities for purchasing food, clothes, school supplies, and other essential goods in exchange for doing social good.
Think of them as Smarter Barters™. By leading relief efforts that meet their community's specific needs, participants earn credit to local businesses and cash contributions that jumpstart their savings accounts. Our founding principles are Learn, Work and Save. Learn: We partner with financial literacy organizations to teach the fundamentals of managing money. Work: We empower people of all ages with opportunities to work for what they need. Save: We provide individuals with savings accounts for continuing their financial growth.

What is your impact and how is it relevant to the business?


Our progress to date: In just 4 projects, 141 students from the Cornelia Connelly Center and the Univ. Neighborhood Middle School have earned $4700 in credit, $4,950 in savings with 99 savings accounts. We have connected students with mentors from local businesses and universities and savings tool kits to guide them on their path to financial freedom. Our students have set in motion something radically new: a cycle of reciprocal giving that benefits everyone. Students have completed 470 work service hours, collected over 8,388 lbs. of food, raised over 5386 meals and contributed over $16,104 of food to local food banks.

How will you establish sustainable impact in the locations you wish to serve?


With our Needs-Matching Network, we have created a reciprocal link between the local businesses that provide life's essentials to their key investors, the community members who support them weekly. After we identify a community need, we mobilize the organizations in our network that are uniquely qualified to help. Together, we’ve delivered thousands of meals to food shelters, supported local businesses, and given students new opportunities to provide for themselves by providing for others. The loyalty amongst community members to their local businesses strengthen and a community credit cycle creates a WIN-WIN-WIN for all parts of the neighborhood.

What does success look like, including measurements and reporting on the business and your impact?


Success looks like introducing the first pre-EARNED credit card in our system. We aim to create a turn-key model that we can implement on a national scale in the Cities for Financial Empowerment. On a global scale we hope to pilot in an area where we can provide clean drinking water, mosquito nets and the most pressing needs. We aim to link the top suppliers of needs to the individuals that need it most in the most expedited fashion. By creating a disaster relief app that link individuals that can do something needed in their area to the businesses that can match the work service hours to their individual needs. Like in the old days.

What would $50,000 mean for your business? And how will it help your company better reach its goals?


With an award contribution of $50,000, GOOD and Blake Mykoskie Foundation will be instrumental in helping low-income youth and their families engage in socially productive work experiences in order to earn credit to their local businesses that provide life's essentials, such as food, clothing and school supplies. Simultaneously, families will learn financial literacy skills and the opportunity to accumulate and preserve savings. With additional support we will be able to expand our programming to an additional high-needs N.Y. City public school and pilot in Newark, NJ ( a member City for Financial Empowerment).

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Thank You, Leslie Thomas! We are determined to find a way to fix this credit crisis and set our youth (future leaders) up for success!

by creditdo
over 2 years ago | Reply

This seems to be a promising concept, and we wish you every success in this venture,

Congratulations and all the very best!

by lesliethomas
over 2 years ago | Reply

Congrats on the success thus far! The concept of earning "credit" by doing things for others is a little confusing to me, though. Is this module similar to a barter system ..such as Johnny helped me stock the bags of fertilizer so Johnny may pick out $75 of merchandise whenever he is in need... Or is the "credit" something tangible? I think the concept of educating youth and young adults about financial responsibility is fabulous! Please explain how the work done turns into credit and savings.

by nicole.wdisf
over 2 years ago | Reply

Hi Nicole!
Thanks for your interest. Yes - It is barter. We call it 'Smarter Barter'. The credit is earned by the students conducting work service hours (running a food drive) at the grocery stores their families frequent. It is a direct match to those hours to purchase groceries utilizing their newfound earning, budgeting skills. The math teachers assign a homework exercise to spend your credit wisely with a guardian and to write about their experience. The savings is a match by local businesses to the financial education lessons that are given to a student in their math class by their math teacher. If a student doesn't do the work service hours yet receives the financial education lessons - they still receive the deposit-only educational savings account. The credit ia a minimun value of $10 / work service hours and our food drive days are no longer than 5 hours for our middle schoolers. Hope that answers your questions. Feel free to email me if you'd like -
I'd be happy to discuss further!
Thank You!

by creditdo
over 2 years ago | Reply

We are so grateful and honored to be considered for such an incredible opportunity!
Thank you to everyone that's voted and thank you, Blake Mykoskie - TOMS and GOOD Maker!!

by creditdo
over 2 years ago | Reply

Let's DO this and Start Something that Matters Together!!

by creditdo
over 2 years ago | Reply

Circle-1-inactive Step1-title-idea-inactive

Submission Began
Monday, April 22

Submission Ended
Friday, May 17
at 12:00 PM PDT

Circle-2-inactive Step2-title-voting-inactive

Voting Began
Friday, May 31

Voting Ended
Friday, June 14
at 12:00 PM PDT

Circle-3 Step3-title

Winner Announced
Tuesday, July 02

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