Tenner Tournament challenges UWE Bristol students and staff to 'grow money' for Deki microloan charity

Issue date: 16 January 2013

Students and staff from UWE Bristol are being encouraged to take part in an unusual fundraising event, 'the Tenner Tournament', organised by Bristol based microloan charity Deki, that starts off with the charity donating a 'tenner' to those who agree to participate.

The challenge is to make as much money as possible from £10 in the month of February. The team or individual raising the most money with the initial £10 will win a prize of £250 in vouchers from Love2shop.

The Deki Tenner Challenge will be launched by Social Enterprise Works at a special event on 24 January with an Idea-generation Workshop.

Vashti Seth, DEKI founder and Managing Director, says, “It is quite unusual for a charity to be shelling out notes in this way but we are copying an idea that has worked brilliantly well for a similar charity called Wild Hearts.

“The Tenner Tournament also poignantly mirrors the way that we loan directly to small enterprises in Asia and Africa to help people set up in business through direct loans from the 1000's of generous donors who have signed up to our charity concept.

“Any idea goes; whether it be starting up a micro business upcycling or recycling clothes or junk to sell on, having a curry night or gathering friends together to put on a big event like a gig... really anything that will see the tenner multiply.

“The Deki Tenner Tournament is a fantastic opportunity for you to get involved, have fun and raise some money. All we ask is that you enjoy yourself and keep it legal!”

Hajira Khushnood, a UWE graduate intern, is coordinating the UWE Bristol and Deki Partnership, she said,"My experience of working for Deki and as part of UWE Bristol so far has been fantastic! As part of my role I have been managing the Deki Tenner Tournament which is a really exciting opportunity for students, graduates, staff, and businesses to get involved in an enterprising challenge. I have learnt so much from this project and am looking forward to the results in March."

As well as the Tournament, Deki and UWE Bristol will be shipping 100 used computers to Togo to be used for a youth led internet café initiative and two UWE students will travel to Togo to help set the venture up.

Vashti Seth, continues, “UWE Bristol have been invaluable in their support of Deki, from giving us our very first grant whilst I was still a student to the mentoring I received after winning the UWE BizIdea Competition. We are now extremely pleased to be part of the UWE-Deki partnership.

The UWE and Deki Partnership was launched in August 2012 with the aim to engage students/graduates, staff and partner organisations, and to provide exciting volunteer opportunities.

Emma Sambrook, UWE Bristol's Director of Development and Alumni Relations, said, “We are delighted to partner up with Deki to support the fantastic work that the charity does by holding the Tenner Tournament at UWE Bristol. We hope that lots of teams will get involved and raise as much as we can to support people needing loans in the developing countries where Deki is operational.”

All funds raised will support Deki entrepreneurs in the developing world to help themselves out of poverty.

Deki is a Bristol-based charity that was set up with the support of UWE to tackle global poverty by helping people set-up small businesses. This is achieved through providing microloans and business training.

You can find out more here.

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