Incredible impact in challenging times
We reached over 96,000 women and their families during 2021
With small loans, training and mentoring, hardworking women entrepreneurs were able to provide food, clothes and healthcare for their families. They could afford to send their children to school.
Last year the total value of loans disbursed was over £10.8 million. We were able to reach 96,263 women in Malawi, Zambia and Zimbabwe, and we saw some phenomenal results:
- On average, our clients are increasing their business profit by 218% after joining MicroLoan.
- 8% of our clients have one or more paid employees.
- Clients who stay with MicroLoan over time are taking out larger loans to grow their businesses. On average our clients increase their loan size with 80% between loan cycle one and six.
MicroLoan Foundation works towards achieving a long-term outcome that permits poor rural women to cope better with the challenges and stresses they face. We monitor activities and progress towards social and economic goals for our beneficiaries using rigorous and globally recognised systems. Our Social Performance Management model is often cited as an example of best practice, and is recognised by TrueLift, a global initiative pushing for accountability and learning in pro-poor programmes.
We are extremely proud to report the following impact:
To respond to the high demand for our services in the very poorest communities, we have ambitious plans to scale up and grow our operations during 2022.