Oswestry Cambrian Rotary contribute to an international charity called “Lend with Care”, a microfinance charity which enables people to make small loans, often as little as £15, to entrepreneurs from poor communities around the world.
Since October 2011, Rotary across the UK have been raising funds to make small loans to entrepreneurs in developing countries, enabling them to start or expand their small businesses and work their way out of poverty, feed their families and send their children to school.
In excess of £1 million has now been lent by Rotary to farmers, tailors, market stallholders and food producers to name just a few of the types of businesses Rotary have helped in countries across Africa, Asia and South America.
Oswestry Cambrian Rotary got involved a year or so ago and have lent a total of £1220 so far, with the 21 loans to 139 entrepreneurs to create 81 jobs to help 563 families in 9 countries Ecuador, Zambia, Peru, Vietnam, Cambodia, Philippines, Malawi, Rwanda and Georgia.
International Lead Steve Ellis said “Oswestry Cambrian Rotary are proud to be a part of this fantastic initiative. Lendwithcare is a great way to help people out of poverty. You see exactly who the money is going to and what it will used for and so far none of the loans have failed.”
“The entrepreneur uses the funds to help them to earn a living, often employing family members and neighbours as well, helping to lift their communities out of poverty. They pay the loans back, which can be re-lent to person after person. As our investment is none of our repayment of the loans has failed.paid back we reinvest that in other applicants we find off of the LendwithCare scheme.”
“Oswestry Cambrian Rotary has a proud history of fundraising for charitable causes through community events and Lendwithcare is a great cause and very popular with our members.”
Anyone can make a loan through Lendwithcare or buy a Lendwithcare voucher as a Christmas gift. Loans start from £15 and will typically be paid back over 6-12 months. Follow Oswestry Cambrian Rotary footsteps and visit www.lendwithcare.org to make a loan and change a life or contact them so see how you can help.
The Oswestry Cambrian Rotary is ready to welcome all genders and couples of 18+ from the local community who want to be “people of action”. They normally meet face-to-face at The Wynnstay Hotel, Church Street, Oswestry on Thursday evenings in the bar at 7.30pm. Alternatively, you can join our meeting remotely through our Zoom account connection.
For more information on what their new style of Rotary has to offer contact Mike Lade on 01691 570917, info@oswestrycambrianrc.co.uk or see www.oswestrycambrianrc.co.uk.
