Sub-Saharan Africa remains the poorest region in the world with more extreme poor living here than anywhere else in the world. A disproportionate number of these are women who live without the infrastructure and resources to support themselves and their families. MicroLoan Foundation’s mission is to provide the poorest women in Malawi, Zambia and Zimbabwe with the tools and skills to enable them to work their own way out of poverty. MicroLoan supports women because they believe that female economic empowerment is the key to alleviating poverty in these communities.
“Thanks to Altor Foundation, MicroLoan will can increase their outreach and help even more aspiring entrepreneurs to access finance and build a life outside of poverty.”Palak – MicroLoan
MicroLoan’s programme is designed to be accessible and affordable for the poorest women who live far away from formal financial services, many of whom have had little education and own no assets. Over time the money they generate from their own effort helps to ensure food security, improve housing, access to healthcare, and an education for their children.
To read more about the great work of MicroLoan, visit their website here.