The Gumball Fund
The Gumball Fund funds microloans to developing-world entrepreneurs. It also provides Gumball Capital a way to engage its audience with microfinance as a powerful example of innovative thinking about social impact. Here's how it works:
- 1. Teams participating in the The Gumball Challenge may choose to direct their revenue to the Fund.
- 2. We give loans to individual entrepreneurs through Kiva, a nonprofit that lets people make low interest microloans to the working poor in developing countries.
- 3. Kiva works with microfinance institutions (MFIs) to distribute those loans to entrepreneurs.
- 4. Loan recipients pay back their loan within the specified period (usually around 1 year).
- 5. We loan the capital out again to a new entrepreneur.
You can stay updated on the Gumball Fund loan portfolio by visiting our Kiva profile page. We've currently lent to over 70 entrepreneurs!
Microfinance!
Alleviating poverty
by providing
financial services
to the poor.
Read more...
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