Lendwithcare is a

microfinance Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...

lending website from the development charity CARE International UK. Launched in September 2010, it allows individuals and groups to make small loans to entrepreneurs in developing countries, and help them work their way out of poverty. It supports entrepreneurs in

Cambodia Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailand t ...

Togo Togo (), officially the Togolese Republic (french: République togolaise), is a country in West Africa. It is bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, where its c ...

Benin Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north ...

, the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and H ...

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...

and

Ecuador Ecuador ( ; ; Quechua: ''Ikwayur''; Shuar: ''Ecuador'' or ''Ekuatur''), officially the Republic of Ecuador ( es, República del Ecuador, which literally translates as "Republic of the Equator"; Quechua: ''Ikwadur Ripuwlika''; Shuar: ''Eku ...

through partner

institutions (MFIs). It does not charge any interest on the loans made to entrepreneurs by supporters - the MFIs do. By 2015, over 21,000 lenders loaned almost £6m to around 17,000 entrepreneurs.

The process

Lendwithcare works with a number of partner

microfinance institution Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...

s (MFIs) in the countries in which it operates. If the MFI is happy with an entrepreneur's idea or business plan, they approve the proposal and provide the initial loan requested. They also help the entrepreneur construct their profile for lendwithcare.org. Lenders can browse the list of entrepreneurs on the website, read about their businesses, see the value of the loan they have requested, the percentage of the loan already provided by other lenders, and then choose an entrepreneur to lend to. Once the entrepreneur's loan is fully funded, the money is transferred to the MFI to replace the initial loan already paid out to the entrepreneur. During this process lenders receive progress updates regarding the entrepreneur's progress. The entrepreneur gradually pays back their loan according to a repayment schedule. The MFI transfers these repayments to CARE International who then credits the payment into lenders' lendwithcare.org accounts. Lenders can then either withdraw their money using a

PayPal PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper ...

account or can use the credit to provide a loan to another entrepreneur.

History

* 2010 - Lendwithcare.org launched in September. * 2012 - launch of group lending feature to allow members of churches, sports teams, co-operatives etc. to lend as a group of individuals.

Partner MFIs

- Association des Caisses de Financement à la Base (ACFB), established in 2004. Based in the capital

Cotonou Cotonou (; fon, Kútɔ̀nú) is a city in Benin. Its official population count was 679,012 inhabitants in 2012; however, over two million people live in the larger urban area. The urban area continues to expand, notably toward the west. The ci ...

with branches across the country. *

- Zene za Zene, established in 1997 by

Women for Women International Women for Women International (WfWI) is a nonprofit humanitarian organization that provides practical and moral support to female survivors of war. WfWI helps such women rebuild their lives after war's devastation through a year-long tiered progra ...

. Based in

Sarajevo Sarajevo ( ; cyrl, Сарајево, ; ''see Names of European cities in different languages (Q–T)#S, names in other languages'') is the Capital city, capital and largest city of Bosnia and Herzegovina, with a population of 275,524 in its a ...

with branches around the country. *

- Cambodian Community Savings Federation (CCSF), established in 2003. Based in

Battambang Battambang ( km, បាត់ដំបង, UNGEGN: ) is the capital of Battambang Province and the third largest city in Cambodia. Founded in the 11th century by the Khmer Empire, Battambang is the leading rice-producing province of the coun ...

and Banteay Meanchey provinces. *

- Fundación de Apoyo Comunitario y Social del Ecuador (FACES), established in 1991 and based in Loja. *

- SEEDFINANCE, established in 2007. Based in

Mandaluyong Mandaluyong, officially the City of Mandaluyong ( fil, Lungsod ng Mandaluyong), is a first class highly urbanized city in the National Capital Region of the Philippines. According to the 2020 census, it has a population of 425,758 people. Loca ...

Metro Manila Metropolitan Manila (often shortened as Metro Manila; fil, Kalakhang Maynila), officially the National Capital Region (NCR; fil, link=no, Pambansang Punong Rehiyon), is the capital region, seat of government and one of three List of metrop ...

with field operations in

Luzon Luzon (; ) is the largest and most populous island in the Philippines. Located in the northern portion of the Philippines archipelago, it is the economic and political center of the nation, being home to the country's capital city, Manila, as ...

Cebu Cebu (; ceb, Sugbo), officially the Province of Cebu ( ceb, Lalawigan sa Sugbo; tl, Lalawigan ng Cebu; hil, Kapuroan sang Sugbo), is a province of the Philippines located in the Central Visayas region, and consists of a main island and 167 ...

Leyte Leyte ( ) is an island in the Visayas group of islands in the Philippines. It is eighth-largest and sixth-most populous island in the Philippines, with a total population of 2,626,970 as of 2020 census. Since the accessibility of land has be ...

Southern Leyte Southern Leyte ( ceb, Habagatang Leyte; Kabalian: ''Habagatan nga Leyte''; war, Salatan nga Leyte; tl, Timog Leyte), officially the Province of Southern Leyte, is a province in the Philippines located in the Eastern Visayas region. Its capital ...

Panay Panay is the sixth-largest and fourth-most populous island in the Philippines, with a total land area of and has a total population of 4,542,926 as of 2020 census. Panay comprises 4.4 percent of the entire population of the country. The City o ...

Negros Negros is the fourth largest and third most populous island in the Philippines, with a total land area of . Negros is one of the many islands of the Visayas, in the central part of the country. The predominant inhabitants of the island region a ...

Samar Samar ( ) is the third-largest and seventh-most populous island in the Philippines, with a total population of 1,909,537 as of the 2020 census. It is located in the eastern Visayas, which are in the central Philippines. The island is divided in ...

, and

Mindanao Mindanao ( ) ( Jawi: مينداناو) is the second-largest island in the Philippines, after Luzon, and seventh-most populous island in the world. Located in the southern region of the archipelago, the island is part of an island group of ...

. *

- Women and Associations for Gain both Economic and Social (WAGES), established in 1994. Based in

Lomé Lomé is the capital and largest city of Togo. It has an urban population of 837,437

with 10 branches across the country. *

- Microfinance and Community Development Institute (MACDI), established in 2007. Based in

Hanoi Hanoi or Ha Noi ( or ; vi, Hà Nội ) is the capital and second-largest city of Vietnam. It covers an area of . It consists of 12 urban districts, one district-leveled town and 17 rural districts. Located within the Red River Delta, Hanoi is ...

with most activities in northern and central Vietnam.

Ambassadors

Stacey Dooley Stacey Jaclyn Dooley (born 9 March 1987) is an English television presenter, journalist, and media personality. She came to prominence in 2008 when she appeared as a participant on '' Blood, Sweat and T-shirts''. Since then, she has made socia ...

travelled to

in 2012. *

Deborah Meaden Deborah Sonia Meaden (born 11 February 1959) is a British businesswoman and TV personality who ran a multimillion-pound family holiday business, before completing a management buyout. She is best known for her appearances as a 'Dragon' on the ...

travelled to

in 2011. *

Alastair Stewart Alastair James Stewart Order of the British Empire, OBE (born 22 June 1952) is an English former journalist and newscaster. Formerly presenting for ITV News, he joined GB News as a presenter in 2021. He has won the Royal Television Society's New ...

travelled to

in 2011 to visit CARE's partner Zene za Zene. He met many entrepreneurs, including women widowed by Srebrenica massacre.

References

External links

* {{Official website, http://www.lendwithcare.org/ Online financial services companies of the United Kingdom Economics websites Internet properties established in 2010 Microfinance organizations Organisations based in the London Borough of Lambeth