CR & Pro Bono in Action – Micro Tyco
In case you were unaware, this week is National Pro Bono week. Pinsent Masons is delighted to this year support WildHearts by entering a team into Micro-Tyco. The firm is a long standing supporter of WildHearts, a charity that we have supported since its inception. Having fundraised and provided the charity with pro bono legal advice for many years, we are this year pleased to be supporting WildHearts by competing in the Micro-Tyco initiative. A short video featuring Fraser McMillan, Partner and Head of the Glasgow Office explains what it is all about.
Background to the Challenge
Micro-Tyco is a very simple business challenge which is rightly receiving plaudits from Sir Tom Hunter and many others. Teams, are given just £1 of ‘seed capital’ from WildHearts. Each team then has just four weeks – the month of November – to use their entrepreneurial skill-set to transform that £1 into as much money as possible. All funds generated go to WildHearts. Last year WildHearts lent £550 to teams participating in Micro-Tyco. The return generated was an astounding £106,882.
All monies raised in Micro-Tyco are invested in microloans, which WildHearts make available to impoverished persons throughout the developing world. These loans empower some of society’s most impoverished people to assist themselves and those around them to break the cycle of poverty. With current WildHearts loan repayment rates sitting at 98.4%, there can be little doubt that micro-finance works. A video showing the charity’s work in Ghana is available here.
Our Challenge to You
We would like to challenge all our applicants to show us how much money you can raise from £1 in the month of November. This will provide you with a chance to demonstrate entrepreneurial ability and business acumen through raising funds for charity. In return, and because we recognise the value of such skills, we will reward those individuals with the most innovative ideas and/or who raise the most money with a place at one of our December office insight evenings and the opportunity to discuss your careers ambitions with a partner over a sit down meal.
How do you enter?
Students can enter through an online form and should give themselves a team name of “Pinsent Masons – [insert unique team name here]”. In addition to this we would also like you to submit a short (500 word maximum) summary illustrating how you grew your pound to email@example.com by 1 December 2012. This will allow us to determine the most successful teams. If you would like to take part as a team (rather than an individual) that is fine as teamwork is a key quality needed by trainee solicitors. The maximum size of team allowed is five individuals.
Please note Micro Tyco are happy for new teams competing through Pinsent Masons to register beyond the usual deadline of 31 October so please do not let that put you off taking part.