Four further loans of £30 each have been made over the past month or so to microfinance organisation Lendwithcare, which aims to help people in developing countries out of poverty by providing them with small loans for entrepreneurial ventures.
Since we opened our account back in 2016 we’ve helped to fund a total of 240 loans; these have helped 1109 entrepreneurs and created 764 jobs. We understand that over 3510 family members have been helped as a result of our loans.
One recent loan, for example, has gone to five entrepreneurs in Chipata, Zambia. According to Lendwithcare, "the women have been running their small income generating activities such as selling clothes, arts and crafts and mobile money booths. These small income generating activities are helping the women shift from having the minimum to being able to provide food and other necessities plus provide education for their children to have a better future when they grow up." The money loaned will help them invest in their individual income generating activities.
Picture: Screenshot of our Lendwithcare account.