Make a loan, change a life. This is Rasheeda, she lives in Pakistan with her husband and five...
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Make a loan, change a life. This is Rasheeda, she lives in Pakistan with her husband and five children. Rasheeda has a skill – she makes beautiful clothes
This is Rasheeda, she lives in Pakistan with her husband and
five children. Rasheeda has a skill she makes beautiful clothes.
However, she needs help to grow her business. Because Rasheeda is
poor, most banks will not help her. Without help her business might
fail and she will struggle to find enough money to support her
children. What is the problem?
Slide 3
There are millions of people in the world, like Rasheeda, with
no access to basic financial services like loans or savings What is
the problem?
Slide 4
1.The entrepreneur has an idea Just like any small business, it
all starts with an idea. An entrepreneur, like Rasheeda, who needs
help to expand their small business approaches a local microfinance
institution (MFI) with a business plan. MFIs are like local banks
but they provide financial services to people who big banks dont
normally serve such as the poor. An entrepreneurs business plan
could be anything from dressmaking to expanding a small farm. What
is lendwithcare?
Slide 5
2. The microfinance institution (MFI) gives a loan If the MFI
is satisfied that the entrepreneurs business plan is promising,
they approve the proposal and provide the initial loan. The MFI
then helps the entrepreneur to construct their profile for
lendwithcare.org.
Slide 6
3. You meet the entrepreneur on lendwithcare.org
Slide 7
4. You lend your support When youve made your decision, you
provide a loan to get the entrepreneurs business plans off the
ground. You can lend anything from 15 to the full amount.
Slide 8
5.
Slide 9
6. The entrepreneur repays your loan The entrepreneur gradually
pays back their loan. The MFI transfers these repayments to CARE
International who then credit the repayment to your
lendwithcare.org Account.Account You usually get your money back in
full and on time. Sometimes however, just like any business, things
might not go to plan. If the entrepreneur is not able to keep up
with their repayment schedule, you might have to wait longer to
recover your investment. Or you might not get it back.
Slide 10
8. You decide what happens next When the repaid loan is
credited to your Account, you control what happens next: Account
1.You can withdraw your money. 2.You can donate it to CARE
International. 3.Or you can do what most lenders do and make
another loan, helping even more entrepreneurs turn their plans for
their business and their hopes for a better future into
reality.
Slide 11
Marcelline is from Benin in West Africa. She sells vegetables
from her market stall so she can afford to send her children to
school
Slide 12
Bapak Asep is from Indonesia in Asia and produces and sells
dumplings. He hopes that his son will one day be able to study at
the school where he sells his dumplings.
Slide 13
Leonor Zhingre is a maize farmer from Ecuador in South America.
She used a loan from lendwithcare to expand her farm and save for
her future health needs.
Slide 14
La Morm is from Cambodia in Asia. She is a tailor. She used a
small loan from lendwithcare to buy a new sewing machine so she
could increase her business and employ another apprentice.