Does anyone lend money to small entrepreneurs using lendwithcare?

[User253853]

I've spent some time looking at it this evening and I am quite tempted. It looks like a really good way of helping others for no cost (or at least limited risk). DH thinks its a scam..

Has anyone done it?

@ReleaseTheDucksOfWar
Here's a code
https://lendwithcare.org/referral/SHWRAI

Thanks.

I love this thread. I used someone’s referral to get started and look forward to reinvesting already!
https://lendwithcare.org/referral/306TER

Someone just used my referral code so it's great to know that new lenders are being recruited each time this thread gets a bump again!

People probably know this but just in case - if you used the referral code to get the “free” £15, the repayments don’t go back into your pot. You’ll need to put your own pennies in to reinvest 😊

yup, me :)

Saw the thread ages ago and its been simmering in the back of my mind.

l've also been doing it for years, I never withdraw money I just keep reinvesting it.

I just reinvest and add a certain amount each time I do so. It's one of my main charities and I like the fact that you see when the loan has been repaid in full. I always hope that people really benefit from it and are able to improve their quality of life a bit.

A quick hello to the new lenders here and a reminder that we have a Mumsnet team set up that you can attribute your loans to (including your £15 bonus loan) if you’d like to.

Join the team here, it’s called The MN Massive (Salad)
https://lendwithcare.org/teams/mn-massive-salad

Attached a couple of screenshots with latest (amazing) team figures!

Just done my second loan. Go on Mumsnet Massive (salad)
Anyone dithering please feel free to use my link here - its the best thing you'll have done on a weekend for yonks!!
lendwithcare.org/referral/KZHMOD

I've just added to the loan fund for a woman with a sewing business. I've been lending for three years and have lent nearly £700 now because I keep ploughing the repayment money back in. No defaults over that time and just a small amount of currency fluctuations loss. It's such a worthwhile charity. I almost always lend to women as I suspect they may find it harder to get funding another way.

I'm helping three women farmers. Repayments are coming in, and I'll soon be helping a few more people. Each loan was the equivalent of a good bottle of wine and far more rewarding.

I was very happy to discover a lady with a sewing and tailoring business in the Philippines to lend to today. My grandmother was a dressmaker so I think she'd have approved too!
Here's a link if anyone new sees this and is interested.

https://lendwithcare.org/referral/SHWRAI