Part of Care International - one of the world's leading aid and development organisations - lendwithcare.org allows individuals and groups to lend to small entrepreneurs in developing countries. These recipients are thus helped to find their own route out of poverty. They approach a local microfinance institution (MFI) with a business plan which includes their schedule to repay the loan.
The MFI uploads the entrepreneur's profile to lendwithcare.org and individuals and groups can then make a contribution to the amount requested in increments of 15 or more.
Shortly after the loan is fully funded and passed to the entrepreneur, the lenders start to receive regular monthly repayments - sometimes over a period of six months, a year or longer - as per the published repayment schedule.
And these repayments can be used to make more loans to other entrepreneurs!
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