Impact’s Latest Challenge – The Microcredit Competition

Dear readers,

We are Impact Entrepreneurship Group, Canada’s largest student and volunteer-run entrepreneurship organization. Our purpose is to further the creative spirit of entrepreneurship among Canadian youth. We’d like to tell you about one of our current initiatives, the Microcredit Competition.

In this competition, we give Canadian high school students the chance to be entrepreneurs while raising money for charity. We want to foster creativity, the courage to take risks, and a collective responsibility to help those in need. Students sign up in teams (200 across the country) with one team per school. On October 20th, we give each team one hundred dollars. They then have one week to multiply this initial capital into as much money as possible. Afterwards, we donate the proceeds to charity and microfinance organizations. Outstanding teams will win prizes in six categories: sustainability, profitability, innovation, positive social impact, community engagement, and best overall.

As you can see, we’ve created a win-win situation. Students benefit, and so do needy people around the world. As interns, we’re excited to be involved with a project that makes a difference, that changes the world and that has an impact (pun intended).

And we’d love it if you’d join us. Here’s how:

Students:

Are you in secondary school or a CEGEP? Are you bold? Are you savvy? Are you an entrepreneur? Yeah, we thought so. What are you waiting for? Gather a team and sign up at http://microcredit.impact.org.

Sponsors:

We need your help in this endeavour, since we are looking for prizes to award outstanding teams. There are many benefits to becoming one of our sponsors. Besides the fact that to support our initiative (which is completely non-profit and volunteer-run) is to support Canadian youth development and charity, more than 200,000 people will be exposed to our competition. With two hundred teams composed of five participants, hundreds of students will be reached in every participating school, and will generate a significant amount of media coverage. We’d be sure to give our sponsors lots of publicity, especially on our website and in our promotional materials. By partnering with us, your organization stands to gain a more positive image of charity and community involvement.

Any sort of help is welcome. We’re looking for prizes to award to our winners, as we’ve already mentioned, preferably in sets of five so that each team member can get one. However, any prize and publicity that you can give us would be greatly appreciated. If you’re interested, please contact Wendy at wendy. ming @ impact.org.

Cheers,

The Impact Interns