Lend with Care brings together entrepreneurs in developing countries with people with the power to help them. Run by one of the world’s leading aid and development organisations, Lend with Care is a revolutionary way to help people in the developing world to transform their lives.
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.
This month- October Alresford Rotary saw fit to place another £600 into the International Lend with Care project. This has now been operating very successfully for nearly two years with a new total amount ‘lent’ to Lend with Care – by the club, and individual members of £2,681. This money has been lent, repaid and lent again many times now for a total of 267 loans amounting to £7,680. Of this sum £5,508 has been repaid in full.
Some entrepreneurs have taken loans from us several times over. We make our loans in sums of £30, together with other Rotary Clubs and individuals making up the balance in similar sums. At the end of each month the entrepreneurs make a proportionate amount of repayment, depending on the length of the loan.
Ariel Pantollano for example from Balamban in the Philippines, took a loan in March this year for three months, which he had finished repaying at the beginning of June and took another three month loan straight away. Ariel’s store definitely has everything that are needed in daily living. From selling rice, condiments, canned goods, noodles, powdered drinks, cold ice, hygienic products and more. He always makes sure to maintain good number of stocks of each of his products in order to keep his customers keep coming back at his store. Ariel, his wife Fe and his store assistants also make sure to provide good customer service at all times. Definitely Ariel wanted that his business will progress even more until he can support his needs of funds by his own sales and not have to avail more loans in the future.”