For post-mission nieces & nephews
You’re home from your mission. Now build something. A $10,000 family fund that lends micro amounts so you can test your business ideas. Start with $100. If it works, climb the ladder. If it doesn’t, you learned something and the mistake stayed small.
↑ climb one rung at a time
Fund size
How it works
Tell Preston or Miranda your idea: what you’ll sell, who buys it, and how much you need.
Once approved, you get a micro loan. $100, $500 or $1,000.
Run your business on your own timeline. Track what you spend and what you earn.
Repay the loan plus 10% a year back into the fund, so the next cousin gets a turn.
The deal
An entrepreneur uses money to make more money. You borrow, you build, you sell, and if you earn more than the loan costs, the difference is yours.
Aim to earn more than 10% a year on what you borrowed. That’s the bar a good business clears.
The fund’s 10% goes back into the pot. It grows, and more ideas get funded.
Prove the idea with a small loan first. Do well, and you can pitch for a bigger one.
That’s okay. You tried it on $100, not $10,000. Talk to Preston or Miranda early, figure out what you learned, and try again.
Run the numbers
| Money in from sales | $180.00 |
| Repay the loan | −$100.00 |
| Fund’s 10% a year | −$5.00 |
| You keep | $75.00 |
Your pitch
Every loan needs a pitch and an approval. Fill this in and your pitch card builds itself. Copy it and send it, or read it out loud when you meet.
Pitch card
Approval from