Our support of this initiative continues. John, who leads this has written:
You’ll be interested to know that our club Lendwithcare account had accrued £146.97 in repayments by yesterday (Saturday), enough for us to reinvest in four new entrepreneurs – which Pran, Robert and I have duly done. All four candidates want to employ others in their communities, so that the benefits are spread among more people.
This means that to date, since we started with our £50 donation in 2017, as a club we have helped
425 entrepreneurs, and
1174 family members, creating
1145 jobs and helping a total of
2744 people across the developing world.
Our 11-member lending team (the club being one member and the other ten lending as individuals but attributing their loans to the club) has helped a resounding
1605 entrepreneurs, and
4612 family members, in the process creating
1757 jobs, thus helping a grand total of
7974 people
As we keep saying, little acorns and mighty oaks!
By the way, none of our club’s borrowers has ever defaulted on their loans.
We now have £14.97 left in the kitty, which we will allow to grow from incoming repayments until we have enough to lend to several people again.
Best regards,
John Hafseth