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.