Issue date: 26 September 2013
Students and staff from UWE Bristol are aiming to turn £10 into as much money as possible for microfinance charity Deki during November. They are being challenged to multiply the money by taking part in the Deki Tenner Tournament.
The unusual enterprise project is being organised by Bristol-based microfinance charity Deki and starts with the charity lending a 'tenner' to those who participate.
The team or individual making the most money with their initial tenner will win the tournament award and a prize of tickets to Go Ape.
The Deki Tenner Tournament will be launched on 3 October at a networking event with other entrepreneurs and last year's tournament's winner at Friska, Queens Road, Bristol.
Vashti Seth, Deki founder and CEO, says, “The last Tenner Tournament was a resounding success - as well as making almost £2000, it increased awareness of our charity among UWE students and staff, local schools and businesses.
“People can come up with a wide range of ideas to multiply their tenner including small businesses such as car valeting, cake baking, tutoring or pet care. They could recycle or upcycle something old to create something new. The money made initially could be grown even more by putting on a 'big idea' such as a charity fashion show or music event.
“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!”
The Tenner Tournament mirrors the way that Deki helps tackle global poverty by making ethical microloans direct to people setting up small enterprises in Asia and Africa and by providing business training.
Vashti was awarded a prize by UWE for best social enterprise in 2009 for setting up Deki while she was still a student, and has seen the charity grow from strength to strength since then.
In August 2012 the UWE and Deki Partnership was launched to engage students, graduates, staff and partner organisations, and to provide exciting volunteer opportunities. The partnership has recently organised the refurbishment and shipping of 100 used computers to Togo to be used for an internet café initiative.
Hajira Khushnood, a UWE graduate intern, is coordinating the UWE Bristol and Deki Partnership and managing the Deki Tenner Tournament. She says, “This is a really exciting opportunity for students, graduates, staff, schools and businesses to get involved. I am really enjoying managing such an enterprising competition and I have learned so much about putting on a significant event and promoting the charity."
Vashti said, “It is great that UWE has continued to support Deki's work, empowering people in the developing world to create sustainable livelihoods by providing access to ethical microloans and training.
“The Tenner Tournament is open to everyone - we already have a number of schools and businesses signed up. The challenge allows participants to develop an enterprising spirit and unleash their creativity, talents and skills they never knew they had – while changing people's lives!”
To find out more about the Deki Tenner Tournament see the Deki Tenner Tournament Guide.
To attend the launch event on 3 October register here.