Monday, 17 June 2013

Video update | Market fires in Togo & how lendwithcare.org's microfinance partner helped

Early this year two of Togo's biggest markets, Kara and Lomé, were devastated by fire. The fires, which occurred 48 hours apart, destroyed both marketplaces and the hundreds of businesses that lay within their walls.

 

Lendwithcare’s microfinance partner in Togo, WAGES, told us that the fires were a huge disaster and that many market vendors had lost everything – some lost all their money as well as their stock since they had kept it in the marketplace for safekeeping. A large number of the market vendors, particularly in the Grand Market of Lomé, are clients of WAGES and were faced with the added stress of how to meet loan repayments without a way to generate an income. In this short video update, we learn how WAGES helped clients to get their businesses back up and running as well as reworked repayment schedules (often pausing repayments) to give time for businesses to recover.

Friday, 17 May 2013

Why are some microfinance loans not so 'micro'?


When asked recently by a lender why many of the loans featured on the lendwithcare.org website were rather large (often around £1,000) we explained why that might be:


1. At lendwithcare we believe that supporting small to medium enterprises (SMEs) often generates waged employment opportunities for some of the very poorest segments of the population. The latter occasionally do not even qualify for a microloan in their own right. This strategy of supporting a range of businesses we believe is more effective in tackling poverty than simply supporting one type of business.


Youth, employment and micro-credit


Chakriya Yoeur from Cambodia
Hana Yousef, recent university graduate and CARE International UK Volunteer, discusses what microfinance could mean to the rising number of unemployed young people in developing countries ...

Historically, micro-finance has never been something typically associated with youth. It seems as though the general pre-conception of young people moving around and being less likely to ‘stay put’ make them less desirable recipients of a micro-credit loan. 


Friday, 3 May 2013

Following my donations


Jun Pérez, President of SEED Finance and Amy Lithgoe
It’s not often you get to know how the money you donate to charity is actually spent but today I was able to meet Jun Perez, President of SEED Finance, the Filipino partner of lendwithcare.org.  I’ve always thought the whole concept of lendwithcare.org is fantastic and was keen to find out more about how the scheme actually operates on the ground.

Thursday, 2 May 2013

Living Below the Line | A photo diary

£1 for 5 days for all food and drink - could you?


For the past 3 days, 1000's of Britons have taken on the challenge to live on £1 a day for all food and drink in an attempt to deepen and widen understanding of the challenges and difficult choices faced by those living in extreme poverty.

We have been taking part in the challenge here at lendwithcare.org and as we enter into DAY FOUR I wanted to share a few of my (picture) thoughts from the challenge so far

This week I have learnt that living within an extremely tight budget means …

Monday, 22 April 2013

My Top 10 Tips to Live Below The Line


One week today the Live Below The Line challenge begins!!! 


 

And for those of you who are like me and slightly worried about whether you have the creativity and knowledge to eat adequately on just £1 a day. Or wonder how you are going to raise both awareness and funds for your chosen charity, I have compiled a list of TOP TEN TIPS to help you (and me) take on the challenge!




Friday, 19 April 2013

Rice production in Cambodia: the poor farmer’s perspective



Rice farming in Cambodia can be a tough and uncertain business. Rainfall is highly erratic, both drought and floods being regular occurrences, land is often infertile or under-nourished and investment in new farming systems and technology is minimal. 

Yet approximately 60% of the Cambodian population rely on agriculture (mainly rice production) for their livelihoods and unsurprisingly the vast majority of those are living on less than $1.25 a day. Despite government commitments to expand rice production and increase the country’s export capacity, the reality for the majority of farmers is stagnant growth and an uncertain future. Which is why, on a recent trip to Cambodia, I was keen to find out why so many of the entrepreneurs we have supported through lendwithcare.org are sticking to rice farming.