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.
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