With Relend, your gift keeps on giving
Why we do what we do
Relend exists for one simple reason…to help businesses all over the world grow. Customers are demanding that their favorite brands operate with greater social responsibility and impact than ever before. At the same time, access to technology, resources, and markets is creating new entrepreneurs in developed and developing countries across the globe. Relend exists to support both of these opportunities.
Our organization helps drive sales and customer loyalty for established businesses while infusing investment into new businesses all over the world, especially in developing nations. The true power of our business model lies in the perpetual impact of every dollar we help connect developing entrepreneurs with. Every dollar lent and repaid through Relend is reinvested perpetually in new business opportunities throughout the globe so that the gift keeps on giving for your organization and customers. That is the power of Relend and that is the core of why we do what we do.
What Relend can do
Relend offers end-to-end service for our retailer partners. All the retailer needs to do is provide a monthly tax-deductible donation for small percentage of their sales. We manage lender account setup with our microfinance partner for our retailers and help implement efficient tools for simple monthly donation collection and processing. We also provide marketing support for displays in store locations or online. Additionally, quarterly “impact reports” are created for each retailer. These reports outline the total amount of funds donated to entrepreneurs, repayment rates, and profiles of entrepreneurs funded. An annual impact report, giving statement, and third-party review of Relend’s finances will also be provided. Retailers can then share this information with their customers.
Lastly and most importantly, Relend provides perpetual fund management to reinvest retailer donations and continuously fund new entrepreneurs. Per our nonprofit charter and confirmed by third party review, Relend will only use a small portion of collected funds to cover moderate operating expenses and every other dollar will perpetually be reinvested in microloans to entrepreneurs.
How we do what we do
Microfinancing allows individuals to contribute their personal funds (as little as $25) to help entrepreneurs in all parts of the world start and fund their businesses. Our microfinancing partner does not collect interest and borrowers have an astonishing 96.4% repayment rate. Relend partners with retailers by taking a small portion of the retailers’ sales and lending them to microfinance borrowers. In exchange for their donated sales, the retailer receives returns on their investment from tax benefits and increased brand loyalty and long-term sales growth.
Relend provides trusted, third-party fund management of the donated sales in perpetuity and once a borrower repays their loan, Relend immediately reinvests the funds into another entrepreneur’s loan so the retailer’s donation can keep on giving. Given the highly focused and narrow mission of our organization, we are able to operate more leanly than other nonprofits and can keep our operational and staffing costs to a minimum to optimize funds directed to supporting microloans.