Tuesday, July 10, 2012

Care’s microloan site hits �1m loans - Fundraising - News - Civil Society

Care’s microloan site hits �1m loans - Fundraising - News - Civil Society: More than �1m worth of recyclable and returnable loans have been distributed through Care International’s microlending site.

Lendwithcare.org, which was soft-launched by Care and the Co-operative in late 2010, works along the same principles as microlending sites such as Kiva. It enables donors to lend an amount of at least �15 to one of a number of entrepreneurs from the developing world featured on the Lendwithcare.org site. Once repaid, the donor has the opportunity to either lend their initial donation again or keep it.

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