Whole Planet Foundation

Whole Planet Foundation, a Whole Foods Market foundation dedicated to poverty alleviation around the world, has partnered with MicroLoan Foundation in Malawi and Zambia since 2010, and more recently in Zimbabwe, by providing several multi-year grants to grow our loan book. They also awarded us with a multi-year grant for the purchase of tablet computers for our field staff as part of the rollout of our new Management Information System.

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Global Partnerships

Global Partnerships is an impact-first investment fund manager dedicated to expanding opportunity for people living in poverty. Global Partnerships makes loans and early stage investments to social enterprises that serve people living in poverty throughout Latin America, the Caribbean, and sub-Saharan Africa. MicroLoan Malawi has recently secured a local currency loan equivalent to US$750,000 (spread across two disbursements) from Global Partnerships. The loan is for a period of 2.5 years. MicroLoan Zambia has also recently secured a loan for US$700,000 payable over 3.5 years. The loans from Global Partnerships will enable both MicroLoan Malawi and MicroLoan Zambia to grow their loan books and expand their reach to more clients.

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Kiva

Kiva supported MicroLoan Malawi with a COVID Crisis Support Loan to provide liquidity support. MicroLoan Malawi were able to use the facility to offset expenses that were due whilst revenue suffered a dramatic fall. As a result, MicroLoan Malawi did not have to lay off any staff and were able to continue providing ongoing support to clients whilst ensuring that the management of portfolio at risk continued largely unaffected.

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Grameen Credit Agricole

Grameen Credit Agricole contributes to the fight against poverty and exclusion through microcredit and equity investments in companies with high social impact in developing countries. Grameen supported MicroLoan in both Zambia and Malawi to support and improve operations. MicroLoan Malawi are in the final stages of discussions with Grameen to secure additional technical assistance under their Swiss funded SSNUP funding envelope. In 2021, Grameen is also providing a Technical Assistance grant for the design, development and pilot of the new savings platform in Zambia.

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WildHearts Foundation

WildHearts Group is a portfolio of companies that, through their activities and profits, create global social change. These profits are spent on funding the work of the WildHearts Foundation. Since 2011 they have harnessed the power of ‘compassionate entrepreneurship’ to fund microfinance in the developing world. They are a strategic partner for MicroLoan Foundation and have supported us since 2015. With their support and social investment we have been able to continue growing and developing our operations.

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Lend with Care

Lend with Care partners with MicroLoan Zambia and MicroLoan Malawi. They are a microfinance organisation that solicits individual or group loans for people across the world from the general public through their online fundraising platforms. They give MicroLoan access to loan capital which helps us to expand our reach.

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ADA

ADA is a Luxembourgish NGO supporting microfinance institutions with access to technical assistance and funding opportunities. In 2021 they supported MicroLoan Foundation Malawi with Technical Assistance funding for two projects to strengthen internal processes and digitalisation. In 2021 they also provided a two-year loan facility of EUR 230,000 to MicroLoan Foundation Zambia, through the Luxembourg Microfinance Development Fund (LMDF).

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The Financial Inclusion and Entrepreneurship Scaling (FInES) Project

The Financial Inclusion and Entrepreneurship Scaling (FInES) Project is a multi-year World Bank funded initiative which provides affordable wholesale financing to financial intermediaries (banks, MFIs, SACCOs, and MAIIC) in Malawi. This funding is then channelled to MSMEs at concessionary rates thereby increasing their access to financial services. Administered through the Reserve Bank of Malawi, the project is expected to generate significant benefits for Malawi’s economy in the long run while providing liquidity support for small businesses to weather the COVID-19-induced economic shock in the short term.

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Water and Energy for Food (WE4F)

WE4F is a joint international initiative of the German Federal Ministry for Economic Cooperation and Development (BMZ), the European Union (EU), the Ministry of Foreign Affairs of the Government of the Netherlands, Sweden through the Swedish International Development Cooperation Agency (Sida), and the U.S. Agency for International Development (USAID). WE4F aims to support the growth of small and medium-sized enterprises (SMEs) in the water, energy and food sectors. It seeks to:

• Increase food production along the value chain through a more sustainable and efficient usage of water and/or energy.
• Increase income for base of the pyramid women and men in both rural and urban areas.
• Sustainably scale innovators’ solutions to meet the challenges in the WE4F nexus.
• Promote climate and environmental resilience and biodiversity through the sustainable, holistic management of natural resources and ecosystems.

The initiative has several hubs all around the world. The East Africa Hub, based in Nairobi and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, represents WE4F in the region and provides a network function for the partners and other potential donors as well as government agencies in the region. The WE4F Hub (1) supports and collaborate with innovative businesses, (2) enables innovation ecosystems, (3) and communicates and creates global dialogue and knowledge platforms.

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RUFEP

RUFEP is a joint initiative of the International Fund for Agricultural Development (IFAD) and the Government of the Republic of Zambia under the Ministry of Finance aimed to increase access to and the use of sustainable financial services by poor rural men, women and youth in Zambia. They are supporting MicroLoan’s efforts to pilot and roll-out an innovative mobile money project in Zambia. The technology is being rolled out in all of our existing branches in Zambia, and will be integrated into our future branches.

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The Halcrow Foundation

The Halcrow Foundation is an independent charity, established by staff at the Halcrow engineering consultancy. It funds projects that sustainably improve life for communities suffering acute hardship in Africa, Asia and the UK. The Foundation has provided MicroLoan with a grant to expand our livelihoods programme in the Kapiri District, Zambia where the grant will enable 1,000 women living in poverty in rural areas to access financial services.

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The Headley Trust

The Headley Trust, part of the Sainsbury Family Charitable Trusts, partners with MicroLoan in both Malawi and Zambia. They funded MicroLoan Malawi’s maize training and loans programme since the very beginning in 2012. They then awarded a three-year pilot programme grant to replicate this maize programme in Zambia.

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The Randal Charitable Foundation

The Randal Charitable Foundation is dedicated to saving lives, helping the socially disadvantaged and improving the quality of life for those in need in the UK and around the world. In 2019 the Foundation decided to support MicroLoan Foundation by providing us with a single-year grant to support the delivery of our training programme in the Balaka branch in Southern Malawi.

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