The work of the Micro Loan Foundation builds on the principle of sustainable development, providing small loans for women in rural Malawi and Zambia so they can set up their own businesses and become self-sufficient. The Micro Loan Foundation begins this process by visiting rural villages. Once they have identified a need for their service, the organisation and its workers sets up a training programme for groups of 12-20 that involves workshops on money management. Average starting loans are only £40, and the training given by the Micro Loan Foundation is ongoing, with fortnightly group workshops covering business planning and market research. All Micro Loan Foundation repayments are recycled and put back into the charity to ensure its future work and with 99% of loans repaid, this organisation has helped set up many successful local businesses including market stalls, bakeries and second hand clothes shops.
Every time you use one of our online vouchers, some of the money you spend will goes towards a charity like this very worth cause. This is because we give 20% of our profits to a different cause each month, with three charities receiving a nomination in our poll. You can vote for your preferred cause and the charity with the most votes will receive a portion that month’s profits. We try to help a large number of organisations covering global, national and local needs, and the Micro Loan Foundation reflects the diversity of our recipients. If you would the Micro Loan Foundation to be in with a chance to receive one of our monthly donations, why not nominate them for an upcoming poll or check in regularly to see if you can give them your vote?
You can find out more about the work of this charity by visiting their site at www.microloanfoundation.org.uk.