Lend-with-Care

• 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 micro-finance 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. We can see these and can choose which promising business idea we’d like to support.
• The entrepreneur’s business grows - entrepreneur profiles are updated so we can see how their business is transforming their lives, and ...
• Our loan is repaid - the entrepreneur pays back their loan in installments to the MFI, which transfers these repayments to our Lendwithcare account.

So far, we have made 86 loans totalling £4,560, of which 73 have been fully repaid, 9 are still being repaid and unfortunately 4 have defaulted. Our loans have helped 395 entrepreneurs and 1091 family members in support of small businesses run by both men and women in Zambia, Malawi, Cambodia, Ecuador, Peru, Philippines, Pakistan, Benin, Zimbabwe, Togo, Rwanda, Vietnam and the Palestinian Territories. A total of 263 jobs have been created with 1,734 people helped. Regular repayments are being received from most of those we have supported.

Recent activity has included loans to a retail food group in Malawi, an arts and handicraft enterprise in Peru, a workshop in Pakistan, farming  and retail enterprise groups in Rwanda, Cambodia, Malawi and Pakistan, farmers in the Philippines, Vietnam, Malawi and Ecuador, a shop in Cambodia, plus a retail health operation in the Palestinian Territories.