Donate to Mutual Fund :: Win an iPad

Discussion in 'Kiva | Loans That Change Lives' started by Randy Petersen, May 22, 2012.  |  Print Topic

  1. Randy Petersen
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    Randy Petersen Founder

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    When Milepoint member Extra Pack of Peanuts won an iPad recently, he decided to kick it back to Milepoint and the Kiva Lending Team to help raise awareness for the team’s Mutual Fund efforts.

    And so, thanks to the amazing generosity of Extra Pack of Peanuts, every member of the Milepoint Kiva Lending Team is now eligible to win a brand spanking new iPad.

    All you have to do to qualify is donate at least $5 to the Milepoint Mutual Fund between Tuesday, May 22 and Monday, June 4th. And each additional $5 donation to the team fund will earn you an additional entry to win the iPad.

    Donate $10 to the Milepoint Kiva Lending Team Mutual Fund and earn two entries. Donate $25 and earn five entries. You get the picture.

    Not yet a Milepoint Kiva Team member? No problem - join the team by making a donation and you’re in the running. And even if you don’t win an iPad, your donation will go to a worthy cause. So far in its short history the Milepoint Kiva Lending Team Mutual Fund has made 422 loans to help empower people throughout the world.

    The winner will be chosen at random on Tuesday June 5th.

    Thank you and good luck.

    Milepoint Mutual Fund

    (Note: At Extra Pack of Peanuts request, once loans from this iPad raffle are repaid, the money will be donated to yet another charity of choice. Thus your donation will support two different causes for the ultimate double dip.)
     
  2. William JLP

    William JLP Gold Member

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    Attaboy, Extra Pack of Peanuts.
     
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  3. storyteller
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    storyteller Gold Member

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    Don't you just love the perpetuating funding that we can do through Kiva!
    Lend, rinse, repeat, lend, rinse, repeat.... So easy, so many lives.

    And then someone comes up with yet another creative way to raise funds, & thereby awareness.
     
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  4. Randy Petersen
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    Randy Petersen Founder

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    What is becoming very cool is that the KLT has become a natural. For instance, Extra Pack of Peanuts didn't hesitate at all when he found out he won an iPad from the Freddie Awards promo. Back in ... to help Kiva. It's that sort of spreading good karma and great manners which seems to help this team along. And there will be some other ideas coming right along.
     
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  5. drewbles
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    drewbles Gold Member

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    I've jumped on in here with a $50 donation being my first Kiva paid loan (after the $25 free start).

    Here's to many more :)
     
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  6. Minnesota Bruin
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    Minnesota Bruin Silver Member

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    I'm a bit new around here... :oops:

    Is the goal to raise funds for "Relending Funds", "Kiva Fellowship Scholarship Funds", or "Kiva Direct Funds"?
     
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  7. jbcarioca
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    jbcarioca Gold Member

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    Good question. We actually have several goals at the same time.
    Relending Funds (the MilePoint Kiva Mutual Fund) make loans on Kiva that are repaid and loaned again forever. As a borrower repays the money is loaned again to another borrower.
    Kiva Fellowship Scholarship Funds- are contributions to help pay for the volunteer Kiva Fellows to stay with a given local lender (Field Partner) for some months, helping to manage Kiva's relationship with the Field partner.
    Kiva Direct Funds- are US tax deductible contributions to help pay for Kiva operating costs

    In addition most MilePoint members make their own loans on Kiva, crediting them to the MilePoint Kiva Lending Team. Those loans, once repaid are for you to decide whether to relend, withdraw or contribute to Kiva.

    Please ask any other questions you care to. We are here to help!

    We're happy to have you here with us, too.:)
     
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  8. iolaire
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    iolaire Gold Member

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    Thank you, I read that as donations to the Relending Funds as qualify you for the iPad drawing - although we love support for all three goals.
     
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  9. iolaire
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    iolaire Gold Member

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    Please don't forget this promotion! Make a donationto the Relending Funds and know that your money will get put to good use... Unlike Kiva you will not get your money back, but it will be put to good use.
     
  10. canucklehead
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    canucklehead Gold Member

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    ;)

    There are not many opportunities to help 2 charities that Milepoint supports. Thanks to Extra Pack of Peanuts for the donation and the generous people who make the Milepoint Kiva Lending Team so awesome!
     
  11. zpaul

    zpaul Gold Member

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    Got my little contribution to the Mutual Fund in...good to be back on the Kiva boards!
     
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  12. Minnesota Bruin
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    Minnesota Bruin Silver Member

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    Thanks for the reminder! I just got my donation in as well.

    Keep 'em coming, people.
     
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  13. Randy Petersen
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    Randy Petersen Founder

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    OK, Team members. We have a winner. The iPad promo which was brought to us by ExtraPackOfPeanuts, raised a total for the Mutual Fund of $2,560 in the $5 per ticket draw. WOW! 60 members took part and the average donation was $26 (minus the one member who donated $1,000 toward the Mutual Fund promotion).

    And we have a winner: Dreamworks.

    The method: given that there were opportunities available for this at $5 per opportunity, the $2,560 total afforded 512 total opportunities to win. I used random.org to pick a winner between 1 (the member whose donation included the first $5) to 512 (the member whose donation included the final $5). With the winning number being 487, I counted foreward from the first donation to the member whose donation included the 487th $5 donation.
    iPadKivaWinner.png

    So, congrats Dreamworks and everyone for another inspiring effort to lend with loans that change lives.
     
  14. Dreamworks

    Dreamworks Gold Member

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    I told Randy this makes up for Ryan and Kate's insufferably cute son, Ben, winning the IPad over me. I'd like to thank the Academy, and my mother, and of course Jebus. I'll make sure to plaster it with Kiva stickers. We need MPKLT stickers.
     
  15. milchap
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    milchap Gold Member

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    Congrats Dreamworks !
     
  16. canucklehead
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    canucklehead Gold Member

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    That is in the works! ;)
     
  17. kellio
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    kellio Gold Member

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    Wonderful news!
     
  18. tondoleo
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    Hooray for Dreamworks. Your victory is another step forward in our society for gingers.:)
     
  19. NYCAdventurer

    NYCAdventurer Gold Member

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    I want a polo!
     
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  20. Minnesota Bruin
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    Congrats!
     
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  21. tondoleo
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    tondoleo Gold Member

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    I am still waiting for the one jbc promised. :(

    I need a new summer wardrobe.
     
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