The Rotary Club of Barton-le-Clay lends money to entrepreneurs in various parts of the world where most good can be done.
Imagine a young farmer in Rwanda
who has a small farm of only
two acres. He realises that he would be far more successful if he
could buy another two acres but he
does not have the cash.
He goes to the Microfinance Institution in his local town, they have a look at his scheme and agrees that it is a good idea and promise to raise the funds on condition that he attends classes to learn how to handle his money and to farm his land most economically. The Microfinance Institution then applies to Lend with Care who then show the loan on their website and ask for offers to lend part of the amount required. We, and many other lenders, then make their offers and the amount lent is taken from our account. The amount requested by the entrepreneurs is usually in the range of £200 to £5000. Our contribution is usually £200. As the entrepreneur pays back the loan so it is paid back into our account and when there is sufficient we can make another loan to someone else.
Rtn Jim Ellis-Jones is our Lendwithcare champion and our group started on 10th March 2014
We have made a total of 559 loans so far, with the repayments that have been made and lent again, our total lending amounts to £11,456.28 (figures correct as at 01/04/2021).
To date we have helped 3,060 entrepreneurs and 9,256 family members.
Our money has been used four times over! We receive no interest from these loans but we are sure that the entrepreneurs make good use of the loans to boost their standard of living of them and their families, their employees and the general economic life of their community.