April 27, 2010

Making Change: Micro Loans


MicroLoan at work
“We provide small loans to groups of women across sub-Saharan Africa. The need for appropriate microfinance opportunities here - servicing the extreme rural poor - has been the driving force behind the development of MicroLoan since 2002.


MicroLoan is committed to enabling families to become self-sufficient by financing and helping them launch their own businesses. Small loans provide women with the opportunity to buy goods in bulk to re-sell in the local market at a small profit.


A modest increase in financial resources from money generated through a small business can improve a family's food security and support their children's education.
Microcredit results in asset creation, employment generation and economic security.”

MicroLoan Operations
“Having started operating out of a garage in the early days, MicroLoan now employs over 100 staff in Africa. Thanks to careful nurturing, the vast majority of projects we have supported are commercially viable and 99% of the loans are currently repaid in full. This allows the capital to be recycled into new ventures and to go on working for many years to come.


As the size and capacity of MicroLoan continues to grow, so does its impact on the lives of its clients.”

They have made over 79,000 loans to date, and counting! To make a donation and help change Africa with these great loans click here.

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