Why I “Lend With Care” – A Charity Recommendation

Disclaimer:
Lend With Care is a registered charity number: 292506, and all CARE logos are their copyrights.
I  have a referral link – click here – but I did not and will not receive any benefits for writing this or referring anyone.

lendwithcare postcard

I wanted to share with you a great charity that I support, called “Lend With Care”.

Lend With Care is a micro finance charity run by “CARE international UK”.

How it works:

  • There are people living in poor conditions in developing countries, who wish to work their way out of poverty with dignity. They are called “entrepreneurs” by the charity.
  • They come up with an idea, such as starting a small business, running a market, growing crops, or raising chickens… any kind of idea!
  • They go to their local Micro finance Institution, pitch the idea, and if approved they can be eligible for a loan.
  • Their loan is then available on the “Lend With Care” website, you can donate to their loan from as little as £15. It states how much they have requested, how long they expect to repay, and what they hope to achieve.
  • Once fully funded, you get monthly repayments back, until the loan is fully repaid.
  • When it is fully repaid, you get the money back into your account, and it is up to you what you want to do with it, you can re-invest in another entrepreneur, withdraw it, or donate it directly to the charity.
  • You can invest as an individual, or if you have a few people (like a club, or group), you can invest as a team.

The charity itself doesn’t take a profit from the loan donation, so it relies on extra (voluntary) donations (from £1.50) to keep it going.

Now you know more about the Charity, let me tell you how I have supported it.

Background:  sometimes at Christmas I see that people “Donate to Charity” instead of sending out Christmas cards… well I always get my cards in the sale AFTER Christmas, so I am set for a while…

But it got me thinking, why not make a charitable donation as well?!

After seeing an advert on the TV for this charity, I looked more into it, and decided to donate in the form of a Micro finance loan, after all it helps people, and you can get your money back, win-win right?

The first entrepreneur I helped out was a lady from Vietnam, she was 25 & married with one small child.
They made their living raising 5 pigs and growing 100 papaya trees.

She had requested £364.24 over 24 months to buy more sows and build a pigsty, but they had limited finances to expand due to her child’s tuition fees.

That works out to just over £15 a month she needed, so I donated £15 for the loan, and with 17 other people, and one “team” of people  her loan was completed, and she paid back the loan in full.

The LendWithCare website gives you a breakdown of expected repayments, and how much was repaid.

For example, this lady was expected to pay back £13.80 a month, and some months she managed to pay £17.16, and in the later months, she paid £13.50, but it evened itself out and was paid back in full in the alloted time.

Because the loan is shared between people, you get back about £1 or so a month, maybe more, maybe less depending on the loan, but you get your money back within the time.

lendwithcare summary www.ajennysaved.com

Currently, I have contributed to 12 loans over the last few years, by rolling over the credit that gets paid back to me, and also occasionally donating another £15.

On my account page it gives a summary, that says due to my loans, I have helped 51 entrepreneurs (some of my loans went to groups as well as individuals), and in turn helped 196 family members, and created 33 jobs.

As you can see I have some credit left over that I am leaving until it reaches £15 (plus an old photo of mine!)

It is such a good feeling to know that you are helping others, while at the same time they are helping themselves.

I haven’t missed it, and it is good to know, if I ever needed to, I could withdraw the money once repaid. However this is not something that I foresee doing any time soon. Only a few days ago, I realised I had some money in my account, so re-invested in a lady in Zimbabwe who needed £671.76 over 6 months for her small business of hair products.

There are risks to this as on the page it states:

“Please note that Zimbabwe is at present going through a severe economic recession and that there is an additional risk that some of the loans might be delayed or defaulted. “

But to me £15 over 6 months is not something that I am worried about, after all the money was already in the account, and according to her page, this lady has repaid loans previously with no problems.

However, a risk like that can apply to any of the loans, after all it is a loan, not a donation.

lendwithcare poster

In addition to lending money to entrepreneurs, you can donate directly to the charity, either with a loan donation, a separate amount, or a monthly donation.

Overall I think that this is a great way to help people, and yes while you can withdraw the money, it is great to know that you can continue on for as long as you see fit.

If this has inspired you, please check out my referral link at the top of the page, or click here – again I don’t receive anything for recommending, but it’s nice to know if you’d like to help out.

jenny signature on blue background

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17 Comments

  1. Kira

    August 7, 2017 at 10:02

    I’ve actually read up on this , a while ago and seen it on tv , what a brilliant idea 🙂

  2. Elinor Hill aka Beach Hut Cook

    August 7, 2017 at 10:30

    I love how this fosters entrepreneurs to support themselves on a long term basis.

  3. Alina Marcu

    August 7, 2017 at 12:19

    “I care” is the first quote which I have decided to make a tattoo about.
    I think that we, people, should care more: about ourselves, about others, about nature, about world, about life.
    Thank you so much for sharing and… caring!!!

  4. Helen

    August 7, 2017 at 17:06

    Such a brilliant idea and for such a good cause!

  5. Cheyanne

    August 7, 2017 at 17:15

    Great idea! I will definitely have to look into it.

  6. Emma

    August 7, 2017 at 18:28

    This sounds like such a great idea! I’ll definitely have to have a look at donating.

  7. Amanda

    August 7, 2017 at 19:21

    I love hearing about other charities, and this one sounds wonderful!! such a great set-up! Thanks so much for sharing!

  8. fivelittledoves

    August 7, 2017 at 20:44

    What a great charity, and well done you for raising awareness of it. It sounds like such a great idea!

  9. Ana De- Jesus

    August 7, 2017 at 22:22

    I love that by giving to an entrepenur you can truly change their lives for the better and that is a beautiful feeling indeed. You must be so proud! x

    1. Jenny

      August 8, 2017 at 10:40

      Thank you 🙂 yes it’s a great cause

  10. Jayne @ Sticky Mud And Belly Laughs

    August 8, 2017 at 19:33

    Well done for raising awareness of such a fab charity. I love how it opens up so many opportunities 🙂

  11. Brittani | Coffee Toddlers & Chaos

    August 9, 2017 at 07:02

    This isn’t a charity that I’ve previously heard of, but I love the idea of this charity. It seems like it’s a fantastic cause.

  12. Musings of a tired mummy...zzz...

    August 9, 2017 at 20:50

    This is a great idea to support people around the world trying to improve their lives and those of their families.

  13. London Mumma

    August 9, 2017 at 23:13

    A great charity for an amazing cause.

  14. Kara

    August 10, 2017 at 06:57

    What an amazing idea. I am the sort of person that doesn’t like handouts but this sounds so much more worthwhile

  15. Lendwithcare

    August 10, 2017 at 11:10

    Thank you Jenny for writing this fantastic blog and for supporting so many entrepreneurs with your loans! And thank you everyone for your positive comments – please have a look at http://www.lendwithcare.org if you’d like to learn more!

  16. Jenni

    August 10, 2017 at 18:51

    This is an incredible idea, I love that it is enabling people to set up for themselves and supporting their self esteem and self worth as well as creating their own money

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