How donations make an impact...
£24 will help a woman in Malawi by providing her with buisness training by providing her business training for an entire year.
£50 will provide a start-up loan to one woman to help her build a business and chnage her life.
£120 will provide a woman with business loans and training for a whole year.
Where they work and their impact
The charity works in rural Africa, where over half of the 770 million people living in poverty are. Microloan employs more than 150 people in 28 branches in Malawi, Zambia and Zimbabwe. Most employees are trained as Loan and Training officers, who deal directly with a combined total of around 35,000 clients at any one time. The foundation helped over 150,000 women, and around 600,000 are now in education with the opportunity of a brighter future.
98% of women can afford to seek medical treatment. The majority of the women they support live on less than £1 per day
Each year MicroLoan support 65,000 women access loans and practical training to allow them to establish a business 99% of loans are repaid on time and are ‘re-cycled’ into a new loan for another woman meaning each donation keeps on giving
82% of their clients see a weekly increase in profits
83% of their clients with children are able to send them to school
97% of clients are able to add funds into their savings pot regularly. Strikingly, this used to be just 11% before Microloan Foundation started their work.
96% of women have improved food security (previously 78%)
MicroLoan’s average business loan in Malawi is just £45
Over 400 million people live in extreme poverty in Sub-Saharan Africa, and many of these live hand-to-mouth, which doesn’t provide security for a rainy day, especially when a family member gets sick. Kudzanai knows this all too well, and to make things worse, it was her baby son that contracted meningitis, which left him deaf. With few employment opportunities, and unable to afford extra care for her son, she signed up to one of Microloan Foundation’s first loan groups, which transformed her family’s life. Kudzanai built a business selling tomatoes and beans and has ultimately been able to save up to send her son to Emerald Hill School for the Deaf, a boarding school that provides high quality education. He ranks as one of the top students in the school!
To read more of Kudzanai’s story, and the hundreds of other good news stories, check out their Success Stories section of the website.
Important dates for the calendar
8th March - International Women’s Day
11th October - International Day of the Girl
How else can supporters show support?
Microloan Foundation offer some truly excellent, and different ways of raising funds for the charity. The best way that individuals can get involved with MicroLoan is through fundraising. Your support can help provide life changing loans and training to help some of the poorest women in the world. Throughout the year MicroLoan offers challenge events. Supporters can join #TeamMicroLoan and take part in the Big Half, London Marathon, Royal Parks Half Marathon and even overseas adventures in Africa!
In addition to fundraising via challenge events MicroLoan also welcomes supporters to hold office fundraisers. Bake sales, coffee mornings and dress down days are all great examples of ways in which you and your colleagues can get involved with fundraising for MicroLoan.
Skills based volunteering roles are on offer at MicroLoan. As a small team MicroLoan are always on the lookout for individuals who can help with graphic design to improve their story telling ability. If you believe your skills could help MicroLoan please get in touch!
Supporters can get involved with the Start Something challenge, in which you take just £1 and try to turn it into as much profit as possible in four weeks. It’s entirely up to each person how they want to go about it, and on top of experiencing what it’s like to start a business, you’ll get to grips with budgeting, calculating margins, you’ll gain an understanding of how important the charity’s training courses are to the women they help. More information about this can be found in their Community Fundraising page on their site.
Hosting charity events is a great way to spread the word about Microloan’s amazing work and have fun at the same time. How about hosting a coffee morning, where each person would donate what they’d usually spend on their coffee on the way into work? Supporters have also organised live music events at their local coffee shop or pub! For more information on how to get set up, head over to their website.