MICROLOAN FOUNDATION
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Mission Statement
MicroLoan Foundation support women in Malawi, Zambia and Zimbabwe to work their way out of poverty; your donation will enable us to continue this vital work. We provide women with small loans to establish self-sustainable businesses such as market stalls and bakeries. With the profits from their businesses, our clients are able to invest in food, education and health care for their families, and can start saving money for the future, usually for the first time in their lives. What makes us different to many other microfinance institutions is that alongside the loans, we provide ongoing business training and support to ensure our clients’ businesses are a success. This helps keep our loan repayment rates at around 99%. And when loans are repaid, they are recycled and made into more loans.
About This Cause
We help some of the poorest women in the world feed their families, send their children to school, and pay for life saving medicines. We are a very different kind of charity, offering hope, not handouts. By providing small loans (average £72) and ongoing business training and support, we help women in rural Malawi, Zambia and Zimbabwe to set up their own self-sustainable businesses; enabling them to work themselves and their families out of poverty. Since 2002 we have helped over 243,000 women start their own businesses and begin their journeys out of poverty. As a result, over 970,000 children have increased access to food, healthcare and education.