Page 16 - Rotary DIN Feb 16

Lending with care amounts as each repayment is made, at a
minimum of £15. A total of £1630 has been
Through its three year membership of repaid to date and subsequently re-loaned, to the
Lendwithcare, Falmouth Rotary Club has point where 80 loans have been made, helping
managed to turn £638 in contributions into 300 entrepreneurs, who have provided an income
£2,734 of loans to help 300 entrepreneurs in the for more than 1200 family members and others.
developing world create their own businesses.
Penpho Women’s Group above and
The scheme brings together entrepreneurs in Muhammad below, just two of the
developing countries with people with the power entrepreneurs Falmouth have helped
to help them. Whether it’s opening a market stall
or perhaps starting a small tailoring business, or More information from www.lendwithcare.org
diversifying the crops as they grow, people across or Falmouth’s Bob Bridges at 07570 808677.
the developing world are bursting with business Email: Bob.Bridges@btinternet.com
ideas. All they need is a helping hand to get
started.

Potential business owners approach a local
Microfinance Institution (MFI) that is a
Lendwithcare partner and, if the ideas show
promise, they get the go-ahead for the loan they
need to get their business going. The MFI uploads
the entrepreneur’s profile to Lendwithcare, which
is regularly updated as the business progressed
and members can choose which idea they’d like to
support.

The entrepreneur pays back the loan in
instalments to the MFI, which transfers these
repayments to CARE International. These are then
credited to members’ Lendwithcare account.

When the loan is repaid, members can take their
money back if they wish. They can also donate it
to CARE International, or they can make another
loan, helping more entrepreneurs turn their ideas
into reality. Falmouth has been re-lending small