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?

This is brilliant, I’ve also just lent some money to two women, what an excellent idea.

I’ve been lending for years - never had a default and just keep reinvesting once I’ve been paid back

I also normally finance women’s projects - small shops, cafes, seamstresses etc which benefit the local community

Just checked my account and I’ve made 19 with 0 defaults since 2014

Another 6 notifications, taking new lenders up to 47 🎉

Yey! I'm so pleased. I have made two loans. Hope we can also keep raising the profile of the site

https://lendwithcare.org/referral/ACSKTX

Just checked my account, have been doing for over 6 years and the amounts I have put in have been effectively lent 4 times over. No defaults, loss on currency fluctuations less than £10. It is a great Scheme. My view was always repayments great as can lend again and if default then it was ust like a charitable donation. My link is above for the £15 referral credit.
You have done an excellent job OP of raising profile

This is one of the nicest things I’ve seen on MN, here’s my referral code:
lendwithcare.org/referral/HISL9C

Ive just invested using a referral code. I've been meaning to for a while so this has given me a kick. TY!

Yes I’ve done it for a few years. All my pains have been repaid and I reinvest. It’s great

And here's my code
lendwithcare.org/referral/6FK90A

Lend your support to entrepreneurs in low-income countries through @Lendwithcare. Make your first loan for free with this link! https://lendwithcare.org/referral/MHMHPY

My code if anyone would like.

Love this thread - I've also joined, used the £15 free credit and added a bit more - and its giftaidable too ! Three small loans made. Thank you so much for sharing xx

I have also done it for years. No one has defaulted but I wouldn't mind if they did. I add money sometimes but usually reinvest what they pay back.

Here is my referral code: https://lendwithcare.org/referral/7A7DR4

Thank you for this. Doing some aimless scrolling and stumbled across this thread, now I've loaned money to a woman in Cambodia who has the same name as my daughter.
Feels like something good has happened this evening.

This is great, thanks for starting the thread. I have joined as a result. Here's a referral code if anyone needs it. https://lendwithcare.org/referral/PFI4X6

I also signed up with someone’s link, sorry can’t remember whose.

have made two loans now and look forward to seeing their progress.

Thank you to whoever used my referral code ❤

I've just seen that one of the people I lent to has just had their loan fully funded which is so lovely. I suspect she's been mainly MN funded!

If anyone is interested you can read the reviews on Trustpilot. A few negatives one for balance. Mostly all good though.

Thank you for this thread. I’d become disillusioned with a couple of the charities I give to each year, and had been looking for a new one. This is amazing. You can read about who you’re giving to, and then when they pay it back, I can give it to someone else. So I’ve made a couple of loans and hope it helps to make a difference.

I noticed there is also a grants tab, with people looking for a donation to buy something they need so I donated for 2 women to buy cookers. That money doesn’t get repaid but I feel like that is a worthwhile donation and I know where that money has gone and the different that will make. That’s wonderful.

I'd had adverts for this over the past couple of days but wasn't sure what it was, I'm so glad to read this thread and have signed up with one of the links above and chosen a few loans to make, it was hard to stop once I started reading them!

Here is my link if anyone else wants one: lendwithcare.org/referral/TJYZAT

My Mum has done lendwithcare for years, but you've inspired me to invest too.

I think I’m going to show DD later and possibly use obe of the links.

*one