Lendwithcare is a revolutionary way to help some of the world’s poorest people work their way out of poverty with dignity. Lendwith care allows you to lend as little as £15 to fund a small business and once your money is repaid you can choose to recycle your loan to support another poor entrepreneur, or withdraw your money. Lendwithcare is currently working in ten countries.
Through Lendwithcare the Rotary Club of Ballymoney has lent a total of £4350 to 30 different projects in Ecuador, Malawi, Rwanda, Zambia and Zimbabwe. These loans have helped 570 entrepreneurs, supporting 2170 family members. We lent for food production, farming, animal and poultry raising, food retail, fishmongers, a café and clothing retail and there have been no defaults.
Lendwithcare – How it works:
You lend – your loan can get an entrepreneur started
They grow – you get updates as their business grows
They repay – they are up and running and your loan is repaid
You lend again – help another entrepreneur or withdraw your money
For example:
Someone in Philippines needs £800 for farming project – you contribute £15 towards loan
Someone in Vietnam needs £350 for a piggery – you contribute £15 towards loan
Someone in Malawi needs £800 for clothing retail project – you contribute £15 towards loan
100% of loan goes to the entrepreneur who needs your help
Lendwithcare is run by CARE International, one of the worlds leading development charities, with 70 years of experience. It has over 50,000 lenders changing lives with small loans.
Rotary Club of Ballymoney are celebrating a landmark charitable achievement as one of hundreds of Rotary clubs from across the country to contribute over £1 million to Lendwithcare, a microfinance charity which enables people in the UK to make small loans to entrepreneurs from poor communities around the world.
Since October 2011, Rotary clubs across the UK have been raising funds to make small loans to entrepreneurs in developing countries, enabling them to start or expand their small businesses and work their way out of poverty, feed their families and send their children to school.
More than £1 million has now been lent by Rotary to farmers, tailors, market stallholders and food producers to name just a few of the types of businesses Rotary have helped in 11 countries across Africa, Asia and South America.
The first Rotary club to join Lendwithcare was Currie Balerno Rotary Club in Midlothian, and Rotary Club of Ballymoney followed suit in November 2016
Rotary Club of Ballymoney have raised and lent a total of £4350, contributing towards the national £1 million landmark, with the club loaning to entrepreneurs in 11 countries. Over the last four years 30 loans have been granted, none of which have defaulted, supporting 570 entrepreneurs with 2170 family members benefiting with schooling and medical support and we have created 245 jobs.
Rotary Club of Ballymoney raised their share of the funds through members donating the minimum personal contribution of £15 each year.
Club spokesman President Elect Gordon Robinson said “Rotary Club of Ballymoney are
proud to be a part of this fantastic initiative. Lendwithcare is a great way to help
people out of poverty. You see exactly who the money is going to, and what they will
use it for.The entrepreneur uses the funds to help them to earn a living, often employing
family members and neighbours as well, helping to lift their communities out of poverty.
They pay the loans back, which can be re-
Rotary is one of the world’s largest and most successful global membership and humanitarian service organisations, with 1.2 million members in over 200 countries volunteering their time and their talents to tackle challenges at home and abroad to promote peace, fight disease, provide clean water, support education, save mothers and children and grow local economies.
Gordon Robinson continued: “Rotary Club of Ballymoney has a proud history of fundraising
for charitable causes through community events, and Lendwithcare is a fantastic cause
very popular with our members. Local people have given generously and its a testament
to their generosity that we’ve managed to reach an incredible £1 million. And that
money will keep being re-
Head of Lendwithcare, Tracey Horner, added: “Through Lendwithcare, Rotary have helped
change the lives of more than 5,000 entrepreneurs around the world so far. We’re
grateful to every Rotary member who lends their time and energy to raise funds to
lend to people trying to earn a living in some of the most challenging environments
in the world. It really is life-
Rotary Club of Ballymoney have assisted entrepreneurs such as 68 year old Vicente Chamba in Catamayo, Ecuador, who used his loan to buy maize and specialist feed for his chickens and goats which he raises and then sells in the street markets to make a living and support his family.
Anyone can make a loan through Lendwithcare, or buy a Lendwithcare voucher as a Christmas
gift. Loans start from £15 and will typically be paid back over 6-