Hythe & Waterside 'Lend with Care'
Update
July 2023
For some years now Hythe and Waterside Rotary has been supporting LENDWITHCARE. Run by CARE International UK, one of the world's leading poverty-fighting organisations, it is a revolutionary way for you to help people to work their way out of poverty with dignity.
Here’s how it works. It starts with an idea, the entrepreneur requests a loan from one of Lendwithcare's local development partners and if their business plans show promise, their loan is approved, and they will have the go-ahead to get started.
The local partner adds the entrepreneur's profile to the Lendwithcare website where they will join other entrepreneurs from different locations across the globe. Anyone can browse the list of entrepreneurs who are looking for funding and choose which promising business idea they would like to support.
After an entrepreneur receives their Lendwithcare funding, they will get to work starting or growing their small business. Entrepreneur profiles are kept updated to show how their business is progressing.
Entrepreneurs pay back their loans in instalments to local partners, who in turn transfer these repayments to CARE International, who then credit the repayment to the lender’s Lendwithcare account. It's as simple as that!
When a loan is repaid, most lenders will choose to make more loans, helping more low-income entrepreneurs turn their hopes for a better future into reality. You can also withdraw the credit if you wish or make a donation to support Lendwithcare's operating costs and other important poverty-fighting initiatives from CARE International UK.
Over the years Hythe & Waterside Rotary has made 156 loans with a total value of £7,130. We have helped 638 entrepreneurs and created 396 jobs. Over this period there have only been 4 repayment defaults to a value of £37.12. An amazing record!
To support Lendwithcare, visit their website or channel payments through Hythe and Waterside Rotary. Telephone 02380 818187 or Email International.team@hwrotary.org
Contact Ralph Ellis about this page:
'What We Do' Main Pages:
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