Team lending provides you the opportunity to make a bigger difference with others by starting a new team or joining an existing one. Once you are part of a team, you can attribute your loans to that team in order to track your collective impact in one place. Teams can either be public or private and can act as a place for lenders to come together. You can set up a team in memory of a loved one, as your wedding list, as a faith group, an organisation or simply with other like-minded lenders.
Anyone can set up a team and invite others to join. If you choose to set up your team as private, other lenders wanting to join will need to request membership or an administrator will need to invite new members to join. All members of a private team will need to be approved by a team administrator before joining.
By contrast, if you set up your team as public, any other lender can join without approval. If you are setting up a team of employees for example, you might want to consider making your team private to manage who is joining.
The way team lending works is through members making loans through their own Lendwithcare accounts, and when making those loans they will have the option to attribute their loans to a team. Although lenders can join more than one team, they can only ever choose to attribute a specific loan to one of their teams. If you would like to set up a team, you will still need your own Lendwithcare account to do so.
We're proud to introduce a new way to support low-income families most at risk of climate change through Lendwithcare. Find out more about making a grant today.