The Gumball Fund is a pool of funds generated by Gumball Challenge teams. These funds are used to support loans to the working poor in the developing world through the online lending platforms of Kiva.org and Wokai, social entrepreneurship in the local community, and microfinance around the world. The funds create a revolving pool of money that, as the lenders build their businesses and return the money, is lent out again to new entrepreneurs.
When we choose an entrepreneur, we make sure the delinquency rate and default rate are extremely low. Overall, we try to diversify our entrepreneur portfolio by spreading out our loans among different trades (food, education, health, etc) and geographical areas. To get a sense of who we fund, you can stay updated on the Gumball Fund loan portfolio by visiting our Kiva profile page.
Gumball Capital supports microfinance as a launching pad for social impact. Through the model of microfinance, we believe we can inspire college students in the Gumball Challenge to engage in amazing entrepreneurial endeavors in service of the common good. Moreover, through the Fund, we hope to use microfinance to bridge the impact of micro-entrepreneurship between student and developing-world entrepreneurs.
Though whether it's through the Gumball Challenge or the Gumball Fund, we believe that each individual has the potential for great success. As Muhammd Yunus once said, "Unleashing of energy and creativity in each human being is the answer to poverty."