Rotary
Club of Royston
President: Derek Pinner
The
Rotary
Club
of
Royston
lends
money
to
entrepreneurs
in
various
parts
of
the
world
where
most
good
can
be
done.
Imagine
a
young
farmer
in
Rwanda
who
has
a
small
farm
of
only
two
acres.
He
realises
that
he
would
be
far
more
successful
if
he
could
buy
another
two
acres
but
he
does
not
have
the
cash.
He
goes
to
the
Microfinance
Institution
in
his
local
town,
they
have
a
look
at
his
scheme
and
agrees
that
it
is
a
good
idea
and
promise
to
raise
the
funds
on
condition
that
he
attends
classes
to
learn
how
to
handle
his
money
and
to
farm
his
land most economically.
The
Microfinance
Institution
then
applies
to
Lend
with
Care
who
then
shows
the
loan
on
their
website
and
asks
for
offers
to
lend
part
of
the
amount
required.
We,
and
many
other
lenders,
then
make
their
offers
and
the
amount
lent
is
taken
from
our
account.
The
amount
requested
by
the
entrepreneurs
is
usually
in
the
range
of
£200
to
£5000.
Our
contribution
is
usually
£200.
As
the
entrepreneur
pays
back the loan month by month so it is paid back into our account and when there is sufficient we can make another loan to someone else.
We
made
our
first
loan
in
February
2013
and
in
the
last
10
years
we
have
made
loans
to
over
12
dozen
people.
The
Club
only
put
£4,077
into
our
lend-with-care
account
but
with
the
repayments
that
have
been
made
and
re-lent,
our
total
lending
amounts
to
£28,000.
Our
money has been used six times over!
Shown
below
are
a
representative
sample
of
entrepreneurs
that
Royston
Rotary
has
supported.
Please
click
on
any
of
these
to
see
further details or for the complete list
click here.
External Rotary Sites