Social impact investing – Giving hope not handouts
MicroLoan Foundation is a poverty alleviation organisation supporting women in rural areas of sub-Saharan Africa to start their own businesses. Since 2002, MicroLoan has disbursed over £53 million in more than 750,000 loans to over 200,000 women in Malawi, Zambia and Zimbabwe. In addition to the loans the women are given free financial literacy and business training, helping their businesses succeed. As a result 99% of loans are repaid in full.
With an increased household income the women are able to provide food, healthcare and education for their children.
MicroLoan charges an interest on the loans to cover the cost of the training and enable growth. As repayment rates and performance of the loan book and operations in Zambia are particularly strong MicroLoan is seeking social investment in the form of debt. MicroLoan is currently supporting 11,000 micro entrepreneurs in Zambia and can offer a massive social impact return and a modest financial return on investment.
To find out more please contact the member or send an enquiry to email@example.com.