A Rotary club which regularly gives loans to help create Third World entrepreneurs has a balance of £440 in new monies available to make further loans. Rotarian Chris Allsop, chair of the club’s international committee, told members at their latest Zoom meeting that recent repayments of £190 from entrepreneurs have been received from Lendwithcare. With £250 of new money approved by the club, seven loans of £60 each have been made to Pakistan (two), Ecuador (two), Zambia (two) and Peru (one) through Lendwithcare.
Members of Shrewsbury Severn Rotary Club heard at the Zoom meeting that an overall total of £1,750 has been lent by the Club to Lendwithcare for the creation of entrepreneurs in Third World Countries.
“Our club is very pleased with the repayments made by the entrepreneurs and the current default rate on the loans given via Lendwithcare is very low at two-thirds of one percent,” added Chris.