Chatteris Rotary Club has helped 2,536 entrepreneurs in 11 countries
Chatteris Rotary Club is celebrating a landmark charitable achievement as one of hundreds of Rotary clubs from across the country to contribute over £1 million to Lendwithcare.
Lendwithcare is a microfinance charity which enables people in the UK to make small loans to entrepreneurs from poorer communities around the world.
Since October 2011, Rotary clubs 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.
More than £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
has helped in 11 countries across Africa, Asia and South America.
Chatteris Rotary Club has raised and lent a total of £11,648, contributing towards the national £1 million landmark, with the club making 774 loans so far to 2,536 entrepreneurs in 11 countries.
The Club raised their share of the funds through International Dinner, quizzes, barbecues and personal donations.
Rotarian Gerald Day said “Chatteris Rotary Club is 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 they will use it for.
“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.”
Gerald continued: “Chatteris Rotary Club has a proud history of fundraising for charitable causes through community events, and Lendwithcare is a fantastic cause very popular with our members."
Chatteris Rotary Club has assisted entrepreneurs such as Claude Munyangorore, 28, who lives in Gihira sector-Rutsiro district in Rwanda together with his parents. For over a year, Claude has run a wholesale shop where he sells clothing, footwear, groceries and household items.
He prides himself on the range of items he stocks in his shop, which includes everything from light bulbs and notepads to nappies and soap.
Currently, Claude employs one worker who assists him in his business, but if he expands he expects that this will create a further job.
In order to grow his business, Claude has requested a loan to purchase more clothing, shoes and groceries in bulk. Claude will repay his loan of £1,730 over 24 months.
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 Chatteris Rotary Club’s footsteps and visit www.lendwithcare.org to make a loan and change a life.