A Rotary club’s Lendwithcare has been the main international activity during the pandemic, members have been told.
Rotarian Chris Allsop, who is continue to lead on international projects during the new Rotary year, told Shrewsbury Severn Rotary Club that since the Lendwithcare scheme started 150 loans had been made helping 1,070 people to become self-sufficient and able to support themselves and their families.
Starting in 2013, the club has loaned £1,750 to date and members agreed to a proposal for a new loan of £250 to take the total to £2,000. “The money has been well spent over this time,” said Chris. The scheme now had helped 4,022 family members and 1,215 jobs had been created. “The main problem is the exchange rate because it is all done in American dollars,” Chris told members. He added that the default rate was extremely low at 0.6%, usually a manifestation of exchange rate fluctuations.
In addition to Lendwithcare, the club’s spending on international projects over the last 12 months was £940.