Kiwi business aims to raise $1 million for hungry kids

Print Friendly, PDF & Email
Share to Google Classroom

An Auckland business will launch a crowd-lending campaign hoping to raise $1 million to help provide lunches for hungry children.
The business, Eat My Lunch, delivers lunches to schools and workplaces around Auckland and Hamilton.
Last year they gave away about 180,000 lunches to 32 schools in Auckland and Hamilton last year.
The scheme will run like a bank. People will lend the company money and in return, the they can choose from two different interest rates for every $1000 they invest:
1. 6 percent interest, plus a lunch every month going to a kid.
2. No interest back, but two lunches are going to kids every month.
The investment would then be repaid over five years, with interest paid biannually.
The company is hoping to raise $1 million to invest in their business.

4 Responses

  1. YAY I’m the first person to comment on this okay so lets see um!!!
    I think that it is very interesting but how are they supposed to get 1 million dollars? Do they have a time limit? How many people are in this company?

  2. This is an excellent idea. Too many kids are coming to school without or with very little lunch, and it is time to put a stop to that. But, this may be difficult during The Fast of Ramadan, as some kids will be participating in this, and offering food is rude to these children.

  3. I think this is a great idea. It will help children in need and that dont have much.

Leave a Reply

Your email address will not be published. Required fields are marked *

In a hair-raising tale from Uttar Pradesh, India, meet Smita...
In a bizarre incident in Newcastle, New South Wales, Australia,...
The Comedy Wildlife Photography Awards are back, and this year...
Twenty-six-year-old Kalpana Balan from India, has clinched a coveted spot...

World & National News

Christmas is just around the corner, and what better way...
Jonathan, a Seychelles giant tortoise, recently celebrated his 191st birthday...
In a bizarre incident in Newcastle, New South Wales, Australia,...