MicroLoan Foundation is a UK-based microfinance charity that gives small loans and business training to women in Malawi, Zimbabwe and Zambia.
[1] During a visit to Malawi in 1997, Peter was astounded by the level of poverty in the country and the disparity between the rich and the poor.
Loan Officers ride out to the rural areas on motorcycles or bikes to reach even the most remote communities.
[3] This approach has been successful and has led to a high repayment level of 98%, with low drop out rates.
These pilot programme involves changes to how loans are disbursed, increased support to vulnerable clients and access to savings for emergencies.
The organisation's work was presented by Business Leader and Microfinance Advocate, Deborah Meaden.