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By selecting the "Make this Loan a Donation" box you can choose to donate the repayments of your loan to Good Return.
What is the difference between a loan and a donation for a loan?
Donated loans work the same way as regular loans. You will receive the same feedback about the borrower's repayments and the impact of your loan. The donation is still a loan to the borrower.
The only difference is that when the loan is repaid, the repaid monies will be used to provide training to borrowers, field partners and for the expansion of the Good Return program- to increase the impact of the loans. So your donation funds more than a loan!
Your donated loan is a tax deductible gift and you will be issued with a tax deductible reciept. |
