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LOANS THAT CHANGES LIFE
CTEK has taken the initiative to join KIVA
http://www.kiva.org/about
a non-profit organisation managing micro-loans by connecting people that are prepared to lend money with different entrepreneurs wanting to work and generate an income to their families.
We were very impressed by all these proud people wanting to take charge over their own situation by taking the initiative to open their own business and even more impressed about their honour to re-pay their loans. Over 98% of all loans are re-paid.
We started this project this Christmas lending an amount of money to four different entrepreneurial initiatives, all with different business and in different countries. As they are re-paying the money, we will use this money to re-fund new business. Next Christmas we will add another amount which will enter into the same productive circle, giving loans, get re-paid and re-fund new businesses.
We feel proud to be able to support something that really could make a difference to people worth an opportunity in life
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CTEK winter break competition is now completed
Thank you for all the answers!
The interest has been big and there are many participants. Now we will now go through all the material, from which we will nominate a winner.
The winner in the CTEK winter break competition will be announced here shortly.
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