Transcript Lend with Care

Who and What is lendwithcare?
1. The Entrepreneur has an idea
Just like any small business, it all starts with an
idea. An entrepreneur in poorer parts of the world
approaches a local microfinance institution (MFI)
with a business plan.
MFIs are like local banks. However they provide
financial services to people who big banks don’t
normally serve – such as the poor or women.
An entrepreneur’s business plan could be
anything from dressmaking to expanding a small
farm.
Who and What is lendwithcare?
2. The microfinance institution (MFI) gives a loan
If the MFI is satisfied that the entrepreneur’s 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.
Who and What is lendwithcare?
3. You meet the Entrepreneur on
lendwithcare.org
The MFI uploads the
entrepreneur’s profile to
lendwithcare.org. You can find
profiles from all over the world in
the ‘Entrepreneurs’ section, where
you can choose which promising
business you’d like to support.
Who and What is lendwithcare?
4. You lend your support
When you’ve made your
decision, you provide a loan to
get the entrepreneur’s business
plans off the ground. You can
make a contribution towards
the total needed, in amounts of
£15 or more. Or you can invest
the full amount yourself.
You are now funding the
entrepreneur; the MFI and
CARE International will continue
to manage the progress of the
loan.
Who and What is lendwithcare?
5. The Entrepreneur grows their
business
While all this is happening, the
entrepreneur is busy growing their
business. The MFI and CARE
International regularly updates the
entrepreneur’s profile on the
lendwithcare.org website, so you can
follow their amazing progress. And
you can see how their new source of
income (and your loan) is
transforming every aspect of their
lives – paying for food, medicine and
school fees, and providing a better
future for their whole family.
Who and What is lendwithcare?
7. 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’.
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.
Who and What is lendwithcare?
 8.
You decide what happens next
When the repaid loan is credited to your
‘Account’, you control what happens next.
You can withdraw your money using a
PayPal account. You can donate it to CARE
International. Or you can do what most
lenders do and make another loan, helping
even more entrepreneurs turn their plans for
business – and their hopes for a better future
– into reality.
This is
what I did
with my
£15 loan
Why should we lend?
Or should we give?
 Microfinance
is a long-term and sustainable solution
to helping combat poverty. After nearly 40 years of
experience it has been shown that when poor
people have access to – loans, savings, insurance
and money transfer facilities – they can lift
themselves out of poverty.
What are we going to do?
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Year 8 at Thornden are going to try to raise money to
LEND not give! We will get it back!
We are going to do this by being entrepreneurs
ourselves rather than just asking our parents for
money!
In a few weeks time you will all be given a £1. This is
your ‘loan’ you can then use this investment to make
a business to start making money!
You might be thinking a £1 isn’t enough but you can
club together into small companies.
Then you will have 2 weeks to make money outside
of school and in your spare time in school.
You will have tutor time to come up with ideas.
Ideas…
 You
could club together with 4 mates and buy
sponges, washing up liquid and buckets.
Spend a weekend doing a mobile car wash
for all you friends and family, charge £4 a wash
(as long as it is a good job!), perhaps you do
10 cars over a weekend. You have just made
£5 into £40!
Ideas…
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Club together with 3
friends and buy thread
and beads. Make
friendship bracelets. Sell
them to your friends and
family for £2 a go, sell 10
and you have made £3
into £20!
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I’m sure your business
ideas will be much better
than mine!
If we make over £1000 as a
year group…
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So you will hand all this money into
your tutor and if as a year group
we make £1000 or more then we
will lend it to lendwithcare over
and over again until year 11 when
we will take it out and it will go
towards the PROM and
YEARBOOK!! 
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If we make less than this then we
will lend what we have to
lendwithcare but gift it to them
when we leave Thornden! 
Everyone is a winner!
Get thinking of business ideas
and after half term we will start
working on this in Wednesday
tutor time!