Lendwithcare is an initiative by CARE International UK, providing a platform where individuals can lend as little as £15 to support entrepreneurs in low-income countries. These loans help start or grow small businesses, driving self-sufficiency and economic growth. The process is straightforward: lend, watch the business grow, receive repayments, and then choose to lend again or withdraw.
Basic information
Licence/regulation: Lendwithcare is a part of CARE International UK, a registered charity with extensive experience in fighting global poverty, indicating compliance with relevant regulations for charitable and financial activities.
For Investors
Useful Information
How does Lendwithcare ensure my loan is used effectively?
Lendwithcare ensures loans are used effectively by partnering with local development partners who vet and approve entrepreneurs' plans before funding. This careful selection ensures that your loan supports viable business ideas.
What happens if the entrepreneur I support can't repay the loan?
If an entrepreneur struggles to repay, Lendwithcare and its local partners work closely with them to manage repayments. The aim is always to support the entrepreneur in becoming successful and repaying the loan.
Can I choose the specific entrepreneur or business to support through Lendwithcare?
Yes, you can choose which entrepreneur to support. Lendwithcare showcases profiles of different entrepreneurs on their website, allowing lenders to browse and select whom they wish to lend to based on the business idea and need.
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