GiG

Circular Community Lending - Interest Free, Voluntary Repayable Grant Scheme

GiG's Radical Interest Free Repayable Grants are payments made to households, living close to or below the poverty line. Repayable by means of monthly voluntary donations to GiG, thus giving the recipient the dignity of being a giver.
£1,030
raised
by 36 supporters
RCN 1183136

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Story

GiG frowns upon the practice of charging interest to people that are socially & financially disadvantaged

because a loan or a repayable grant should be an act of compassion of taking care of one's neighbour, not exploiting that person by making a profit from their plight. This campaign has been set up to finance the FUND that will serve the Circular Community Lending Scheme.

The grant payment is made with an assumption of trust rather than risk. Trust, is having a fundamental belief in people, culminating in radical results.

GiG builds a mutual beneficial partnership, taking the initial risk, putting more power into peoples hands. The recipients feel comfortable, empowered and trusted and when the trust level is high, people reward it by giving back. The grants anchor households, brings stability, time to breathe, time to regain their energy and help them to grow and thrive.

Money help has a beneficial impact on health

An improved outlook on money can alleviate mental health issues and helps avoid further deterioration of any existing health issues.

People we help will begin to experience positive changes in their standard of living , stress and anxiety levels , confidence in achievements , self-esteem , and personal relationships.

In order to be considered for a Grant,

each household application will have to have met GiG's specific income/household size criteria, completed our concise Budget Planner and completed an online 1hr self-led certificated Money Workshop . This in-depth application process will have satisfied GiG, that the recipient household will benefit financially or improve its well-being by receiving such a Grant and that it will also be in a position to afford the Voluntary Monthly Donations in order to repay the Grant.

About the charity

GiG

Verified by JustGiving

RCN 1183136
We offer low income households budgeting education through online e-workshops and Budget Planners. We've developed a radical Community Circular Lending Scheme with Interest Free Grants, repayable through voluntary donations, where the recipient is given the Dignity of being a Giver.

Donation summary

Total raised
£1,030.00
Online donations
£1,030.00
Offline donations
£0.00
Direct donations
£0.00
Donations via fundraisers
£1,030.00

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