Lend with Care Microfinance
Nearly 8 million people live on less than $1.90 a day. Rotary members are passionate about providing sustainable solutions to poverty.thumbnail view
Lendwithcare is a revolutionary way to help some of the world’s poorest people work their way out of poverty with dignity. Lendwithcare allows you to lend as little as £15 to fund a small business and once your money is repaid you can choose to recycle your loan to support another poor entrepreneur, or withdraw your money. Lendwithcare is currently working in ten countries.
Lendwithcare is an initiative of poverty fighting charity, Care International UK. 100% of the money loaned through Lendwithcare goes to the entrepreneur.
It starts with an idea
Whether it's opening a market stall, or perhaps a small tailoring business, or diversifying the crops they grow, people across the developing world are bursting with business ideas – all they need is a helping hand to get started.
The entrepreneur requests a loan
Entrepreneurs approach a local Microfinance Institution (MFI) that is a Lendwithcare partner and, if their ideas show promise, they get the go-ahead for the loan they need to get their business going.
We lend to an entrepreneur
The MFI uploads the entrepreneur’s profile to Lendwithcare. Where we can choose which promising business idea we would like to support.
The entrepreneur’s business grows
Entrepreneur profiles are updated so you can see how their business is transforming their lives.
Our loan is repaid
The entrepreneur pays back their loan in installments to the MFI, which transfers these repayments to CARE International. The repayment is credited to our Lendwithcare account. It’s as simple as that!
We decide what happens next
When the loan is repaid we can withdraw it if we wish. Or we can donate it to CARE International, or make another loan, helping more entrepreneurs turn their ideas and hopes for a better future into reality.
So far the Rotary Club of Aldridge has made 135 loans helping 678 entrepreneurs and their 2107 family members, we have helped to create 255 jobs. Of the £1680 credit we have added over the last few years we have been able to make £3905 in loans by reinvesting the money. As part of our Rotary District 1210 with our fellow clubs we have loaned £156,977.00