You can’t use them in vending machines or parking meters. You can’t even use them to top up your myki. So what good are five-cent coins?
“We did some research and found there’s $150 million in five-cent pieces in circulation,” YGAP CEO Elliot Costello explains.
The idea behind YGAP’s upcoming 5cent campaign is to collect this spare change and put it to use, reducing poverty in Australia and abroad.
Throughout May, you'll find 5cent collection boxes in your favourite cafes and restaurants around Melbourne. Many are also donating five cents from every sale of an item of their menu.
“We’ve got some great businesses out there that give us five cents for every coffee sold during the month of May, five cents per meal sold,” Costello says. “It’s a wonderful way to support the campaign.”
Over the past three years the 5cent campaign has collected more than 7.9 million coins. This year YGAP aims to hit the five million mark, which will amount to $300,000.
The campaign will support YGAP’s work in South Africa, Kenya and Australia. The organisation’s unique approach seeks out local entrepreneurs in developing communities and works with them to support and build their ideas into self-sustaining businesses.
“Most international development organisations work on a pretty traditional development model, where they come in with a development program and they commit three to five years,” Costello explains.
“Every place we work it’s all about how do we find local leaders with big ideas and enable them.”
If you want to join the campaign as a supporter, check out the 5Cent website, where you can sign up for a collection tin. Otherwise, keep an eye out for 5cent collection tins in all 7-Elevens and Forever New stores plus:
2 Acland Street, St Kilda
68–72A Acland St, St Kilda
7/2 Stadium Circuit, Mulgrave
15 St Andrews Street, Brighton
29/145 Fitzroy Street, St Kilda
557 St Kilda Rd, Melbourne
The Little Ox
452 New Street, Brighton
The Merchants Guild
680 Centre Road, Bentleigh East
54 Fitzroy Street, St Kilda
2 Duke Street, Windsor
180 High Street, Prahran
66A Chapel Street, Windsor