+ Post New Thread
Results 1 to 6 of 6
General Chat Thread, Lend with Care - Make Ideas Happen! in General; Afternoon All, I posted this up on FB the other day, but thought i'd post it up here. Microfinance from ...
  1. #1

    EduTech's Avatar
    Join Date
    Aug 2007
    Location
    Reading
    Posts
    5,068
    Thank Post
    160
    Thanked 925 Times in 727 Posts
    Blog Entries
    3
    Rep Power
    273

    Lightbulb Lend with Care - Make Ideas Happen!

    Afternoon All,

    I posted this up on FB the other day, but thought i'd post it up here.

    Microfinance from CARE International UK | lendwithcare.org

    Lend with care is a revolutionary way for you to help people throughout the developing world transform their future.

    You basically lend money, that then pays of a loan that someone has had and then they pay you back (normally on a 12 month basis). YOU DO NOT GET INTEREST FROM LENDING THE MONEY, BUT THAT IS NOT THE PURPOSE OF THE PROJECT.

    You can find out more about how it works here: How it works | Microfinance from CARE International UK

    Thoughts? I am looking into helping fund some of the causes.

    James.

    Last edited by EduTech; 21st August 2011 at 03:40 PM.

  2. #2

    nephilim's Avatar
    Join Date
    Nov 2008
    Location
    Dunstable
    Posts
    12,100
    Thank Post
    1,640
    Thanked 1,960 Times in 1,434 Posts
    Blog Entries
    2
    Rep Power
    441
    No guarantee of repayments, but you have to pay them regardless so you could end up out of pocket.

  3. #3

    EduTech's Avatar
    Join Date
    Aug 2007
    Location
    Reading
    Posts
    5,068
    Thank Post
    160
    Thanked 925 Times in 727 Posts
    Blog Entries
    3
    Rep Power
    273
    Quote Originally Posted by nephilim View Post
    No guarantee of repayments, but you have to pay them regardless so you could end up out of pocket.
    True, but how i thought about it was if you say lend the minimum of £15.00 then at least you can say you have helped give them the chance to at least try!

    James.

  4. #4

    Steve21's Avatar
    Join Date
    Feb 2011
    Location
    Swindon
    Posts
    2,702
    Thank Post
    335
    Thanked 517 Times in 485 Posts
    Rep Power
    180
    The bit I think is really wrong (imo) is MFI charges them 30% "per year" interest rate. So they use your money, and charge the "entrepeneur" to make themselves money? Bit wrong personally :P

    Just been having a look through the actual people, seems some really good ones in there though. Will have to see if I can sort some spare cash.

    Steve
    Last edited by Steve21; 21st August 2011 at 03:44 PM.

  5. #5
    AyatollahPies's Avatar
    Join Date
    Jan 2008
    Location
    Earth
    Posts
    900
    Thank Post
    48
    Thanked 105 Times in 95 Posts
    Rep Power
    42
    Quote Originally Posted by EduTech View Post
    Afternoon All,

    I posted this up on FB the other day, but thought i'd post it up here.

    Microfinance from CARE International UK | lendwithcare.org

    Lend with care is a revolutionary way for you to help people throughout the developing world transform their future.

    You basically lend money, that then pays of a loan that someone has had and then they pay you back (normally on a 12 month basis). YOU DO NOT GET INTEREST FROM LENDING THE MONEY, BUT THAT IS NOT THE PURPOSE OF THE PROJECT.

    You can find out more about how it works here: How it works | Microfinance from CARE International UK

    Thoughts? I am looking into helping fund some of the causes.

    James.

    Taking out a loan to pay off another loan?

    Is Gordon Brown behind all this?

  6. #6

    witch's Avatar
    Join Date
    Nov 2005
    Location
    Dorset
    Posts
    10,975
    Thank Post
    1,410
    Thanked 2,427 Times in 1,703 Posts
    Rep Power
    710
    Sounds interesting but I am concerned about the interest aspect. You could get involved with sponsoring a child via one of the agencies that help struggling communities around the world - they dig wells, build schools, and help with healthcare etc. You can choose where you sponsor. It is very rewarding and you know that they are helping the communities to help themselves and become more self sufficient. It is really low cost. I have been doing it for 30-odd years and I have learned a lot and got a lot of satisfaction out of it.
    World Vision, ActionAid and others all do it.

  7. Thanks to witch from:

    bossman (21st August 2011)

SHARE:
+ Post New Thread

Similar Threads

  1. [Video] What happen if chewing gum added with helium gas ??
    By mattx in forum Jokes/Interweb Things
    Replies: 6
    Last Post: 19th February 2010, 10:16 AM
  2. Ideas for games with old CDs
    By rolfea in forum General Chat
    Replies: 19
    Last Post: 9th June 2009, 03:27 PM
  3. Replies: 10
    Last Post: 26th June 2008, 08:34 PM
  4. Make a new XP CD with all the updates?
    By bensewell in forum Windows
    Replies: 14
    Last Post: 28th October 2007, 03:30 PM
  5. Replies: 0
    Last Post: 20th September 2006, 11:14 AM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •