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Wednesday 21 December 2011 14:17
Lenders Andy & Lynne featured in The Yorkshire Post
Lendwithcare.org lenders Andy & Lynne, who lend the money from the sale of the eggs from their hens to help entrepreneurs pull themselves out of poverty, speak about why they do so in The Yorkshire Post.
Andy & Lynne were featured in the business section of The Yorkshire Post on Tuesday 20th December.
You can read the article online: http://www.yorkshirepost.co.uk/business/diary-and-review/business_diary_december_20_1_4075569
or read the text below:
Caring lending
In the spirit of Christmas giving, one couple are sending all the money from the sale of their eggs to help people living in poverty overseas to develop a business.
Andy and Lynne Roberts, from Hebden Bridge in West Yorkshire, are lending to fellow farmer Sopheap Yoeurn in Battamburg province in Cambodia through Lendwithcare.org, a micro-lending initiative from international poverty-fighting charity CARE International UK.
The loan is allowing Mrs Yoeurn to purchase piglets and a pig sty.
Lendwithcare.org enables people in the UK to make small loans from £15 to entrepreneurs in poor communities looking to start or expand a small business, such as a market stall, a fish farm or an internet café.
Mr Roberts said: “When we started selling the eggs from our hens we thought we would charge £1 for half a dozen eggs and send the money to entrepreneurs through lendwithcare.org.
“We get such a positive feeling from constantly being able to see how our money is helping the entrepreneur we have chosen.”
He added: “When the money comes back from the entrepreneurs we have lent to we will re-invest it in the businesses of other entrepreneurs and hope that the impact builds up over time.
“Our business is not big at all but if you make a lot of small loans over time you can really help.”
All of the loan made is sent directly to the entrepreneur and the money is usually repaid within six to 12 months. It is currently operational in Togo, Benin, Cambodia, the Philippines and has recently been extended to Bosnia-Herzegovina, where it is helping many women affected by war to rebuild their lives.
Gift vouchers recently launched for Christmas mean that loans can now be given to a friend or loved one, who can then make a loan themselves.
