Through the microfinancing platform Lend with Care, the Eifion Trust has enabled over eighteen-hundred entrepreneurs across the world grow their businesses from an idea into fully fledged enterprises. Individuals approaching Microfinancing Institutes that are partnered with the Lend With Care network can present their business idea and then, if viable, be put forward for financing through the network.
To date, the Eifion Trust has provided 380 loans to 1803 entrepreneurs, which has led directly to the creation of 837 jobs. Once these new businesses grow, the loan is repaid and made available to reinvest in another fledgling business. The creation of these jobs directly impact 5642 family members related to those entrepreneurs.
From clothing markets in the Philippines to a vehicle repair business in Ecuador, the Lend With Care network is allowing individuals and organisations like the Eifion Trust to make a difference. For more information about Lend with Care visit their website at lendwithcare.org.
Photo Credit: Bruce Bailey/Australian Aid
Latest Lend With Care Statistics. (Updated on 25th January 2019)