LEND WITH CARE
Stpwmarket and Gipping Valley Rotary club are well ahead on this initiative.
From the start, the project has been run by club president Guy Wiltshear (pictured to the right) who has been responsible for liaising with LendwithCare to arrange loans.
They lend to entrepreneurs to start their own businesses in various developing countries throughout the world.
The entrepreneurs receive 100 per cent of the loans which are made. The loans now total 461.
This also benefits the families of the 2,575 entrepreneurs helped so far, particularly enabling them to pay for the education and welfare needs of their children.
Because they have to repay the money they have borrowed, this also gives them the dignity they richly deserve.
The default rate is very low. The Rotary club has topped up the starting amount over the years to £2,707, but because the loans are recycled after being repaid this amount has benefited new entrepreneurs to the a total amount lent of £12,831.
Currently the club is lending to people in the following countries: Ecuador, Peru, Malawi, Pakistan, Philippines, Rwanda, Zambia and Vietnam.
There are many types of business entrepreneurs helped and these include farming, fishing, retail and manufacturing … even including the construction of a solar well in Pakistan.
The Rotary Club of Stowmarket Gipping Valley is part of a regional lending team of 71 other Rotary Clubs who are members of Rotary District 1080.
This team has lent £481,670 since starting in 2012 making it third overall in terms of money lent to LendwithCare entrepreneurs in the whole of the UK.
The club meets every other Thursday usually at the Limes Hotel in Needham Market, but sometimes by Zoom.
If you would like further information contact Richard Tingey at richard@tingeys.co.uk
'What We Do' Main Pages:
Member Rod Curtis organised on behalf of the club some warm clothing and a bench for the Stowmarket Town Youth under 11 team who come under the auspices of the Stowmarket Town Football Club.
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The Project provides a Moses basket full of all the items both mother and baby need for the first few weeks of the baby's life.
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A litter pick was organised by the Stowmarket Town Council in which Rotary gave a helping hand. The photo shows the Rotary volunteers waiting for the ‘off’.
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At the Mendlesham Street Fayre barrow of booze a hamper was raffled and the winning ticket was drawn by the May Day Queen. This raised £460. Thanks are due to resident Val Remington-Hobbs for loan of the gazebo and other support.
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Unique features of a Rotarian . . . .
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This area is under development but will be used to highlight friends and corporate organisations that support our Rotary Club.
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We had an interesting talk from Mike Smith of the Stowmarket Food Bank. A cheque for £500 was presented on behalf of the club by Kevin Widdick, President Elect
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The Rotary Club of Stowmarket Gipping Valley continues to support Suffolk Fire and Rescue Service.
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The Club held a street collection in Stowmarket to support shelterbox in supporting those effected by the earthquake in Morocco.
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We organised a stand at the recent (March 2024) Business Exhibition run by the Stowmarket Chamber of Commerce. Many useful contacts were made, and possible businesses being made ‘Friends of Rotary’. The photo shows club president Guy Wiltshear in front
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Stowmarket Gipping Valley Rotary Club makes an annual donation of dictionaries to local schools. The photograph shows this years President delivering books to Gt Finborough school.
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Some of the club’s previous activities. The photo shows the recent presentation to Suffolk Fire & Rescue Service - see below. Note the Rotary emblem on the fire truck.
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