We’re still Lending with CARE®

In March 2022 The Rotary Club of Stockholm International board approved a proposal put forward by the club’s service projects committee for the club to join the Lendwithcare (LWC) micro financing programme run by CARE® International. 

By joining the LWC programme RCSI and other organisations/individuals are able to lend small amounts of money to entrepreneurs and entrepreneur groups in several low-income countries. The entrepreneurs in the LWC programme and their investment plans have been previously vetted and approved by established micro financing institutions in their respective countries. The micro financing institutions in the LWC programme have also been carefully selected by CARE®.

We’ve now been part of the LWC micro financing programme for almost 2 years and we’re still making a difference to the lives of so many entrepreneurs in low income countries. As of November, 2023 we’ve lent a total of 1080 GBP to 35 entrepreneurs in 11 low-income countries (Pakistan, Thailand, Malawi, Zambia, Vietnam, Rwanda, Peru, Ecuador, Nicaragua, The Philippines and The Palestinian Territories). The loans RCSI and other lenders have made to these entrepreneurs have helped 50 other entrepreneurs and indirectly 439 family members. They have also helped create 22 new jobs.

Here are some photos of a few of the entrepreneurs we have helped so far.

Entrepreneur Spotlight

Here’s one example of a group of entrepreneurs in Zambia we’ve lent money to.

The Alumbwe 0701 Group in Zambia

RCSI was one of the 34 organisations/individuals that made a micro loan to this group of women. The total amount they requested was GBP 1193 and the repayment term agreed is 6 months.

Rotary Focus Area:- Economic and Community Development

The Alumbwe 0701 group is a lovely group that is based in Monze town comprised of five ladies who are into poultry farming and the selling of second-hand clothing to members of the community. The ladies have an average age of thirty-nine and are excited about getting a loan through Lend with Care because they have a passion to increase their enterprises further. The ladies have 32 dependants in their households which pushes them to work harder.

Click HERE for further details on the Alumbwe 0701 Group Lendwithcare’s local partner Microloan Foundation Zambia.