The Gumball Challenge
The Gumball Challenge is a micro-entrepreneurship benefit competition designed to inspire entrepreneurship for social impact.
It's simple: participating teams receive $27 microloans (Why 27?) and 27 gumballs from Gumball Capital. After a one-week creativity spree in November, the teams donate any revenue to a charitable organization of their choice. (Teams also explain how the organization demonstrates an entrepreneurial mindset.)
We offer the Gumball Fund as one option, for students interested in supporting developing-world entrepreneurs through microfinance.
Anyone interested in organizing the Gumball Challenge at their college can form an Organizing Committee (OC). OC's are primarily responsible for recruiting Competitor Teams (CTs) to participate in the challenge, but operate independently and make the Challenge their own. (Can do: find prizes, do publicity, etc.) Gumball Capital will send each OC gumballs and a Starter Kit, along with enough money to cover the $27 loan per CT.
The first annual Gumball Challenge is taking place at five schools in November! We're going national with Stanford, Yale, UC Berkeley, Sewanee, and St. Olaf!
For more detailed information check out the Starter Kit.
Microfinance!
Alleviating poverty
by providing
financial services
to the poor.
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