MicroLoan Foundation

Reducing Poverty and Empowering Women in Zambia

MicroLoan is a socially driven microfinance charity that provides small loans, specialised training and ongoing mentoring to impoverished women in sub-Saharan Africa. Since 2002 we have helped almost 50,000 women in Malawi. We are now looking to expand out network of branches in neighbouring Zambia.

history Campaign has now closed

It ran from 10:00 AM, 6 December 2010 to 10:00 AM, 4 January 2011

Registered Charity in England and Wales (1104287)

open_in_new https://www.microloanfoundation.org.uk/
Check mark Match funded

Campaign target

£79,000

Amount raised

£34,980

Donations

132

    Categories

  • Disaster ReliefDisaster Relief
  • Education/Training/EmploymentEducation/Training/Employment
  • Poverty Alleviation/ReliefPoverty Alleviation/Relief

    Helping

Location

Situation

Zambia has a population of 11.5 million people of which over 50% are unemployed. 86% of the population lives below the poverty line; it is one of the world’s poorest countries. Access to microfinance is scarce, women are marginalised through lack of education and employment opportunities. MicroLoan focuses specifically on those who are seriously and have no access to opportunities to enable them to work their own way out of poverty.

Solution

MicroLoan has pioneered an innovative, cost-effective and sustainable microfinance model suited to remote rural areas. Its long-term and supportive nature facilitates long-lasting improvements in the lives of poor women and their families. MicroLoan’s work enables women to work their own way out of poverty. The services provided create opportunities, facilitate lifelong skills transfer and access to capital, which dramatically improves their quality of life. MicroLoan works at the grassroots.