MicroLoan Foundation raises £70,000 with the ACT

Here is your starter for 10: which organisation did the Association of Corporate Treasurers (ACT) select as its ‘Charity of the Year’?

No conferring.

MicroLoan Foundation, of course!

The brilliant news was marked at the ACT’s renowned gala dinner this November at the prestigious Grosvenor House Hotel. The annual event is a significant date in the calendar for many of the country’s senior financiers and this year’s headline speaker was Jeremy Paxman, who entertained guests with his musings on language, British politics and the unique honour of being named ‘Britain’s 26th rudest person’.

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Thanks to the overwhelming generosity of the 1,500 ACT members and guests present on the night, and our dedicated volunteer team, we smashed our £60,000 target, raising £70,000 to support impoverished women in Malawi and Zambia.

With a silent auction, raffle and on-the-spot donations, the event raised vital funds to help some of the poorest women in the world feed their families, send their children to school and pay for life-saving medicines by offering hope, not hand-outs.

Our founder and CEO, Peter, took to the stage to thank the ACT for its support and to remind us why MicroLoan’s work is so valuable. By providing small loans and ongoing business training and support, we’re empowering women in rural Africa to set up micro businesses and work themselves and their families out of poverty in a sustainable way.

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Peter reminded us of ‘the MicroLoan multiplier’ – the powerful effect of investments that are continually recycled, because, for the 30,000 women we support, there are 150,000 more individuals that are impacted by our work.

Many thanks again to the ACT for their generosity.