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 448 loans so far, with the repayments that have been made and lent again, our total lending amounts to £8,945.45 (figures correct as at 01/09/2019).
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.