MicroLoan Foundation wins European Microfinance Award

The MicroLoan Foundation, a responsible non-profit UK microfinance charity, is proud to announce the charity has won Hanson Wade’s European Microfinance Recognition Award in the “Commitment to MFI Professionalization” category.

Hanson Wade, an exclusive business conference and event organiser, presented the European Microfinance Recognition Awards at the Grosvenor Hotel in celebration of innovative contributions to the Microfinance industry in Europe, Central Asia and India. The Recognition Awards, an opportunity to celebrate and showcase best practice, closed day two of the annual Investment and Innovation in Microfinance Europe conference, which examined innovative products, new delivery channels and emerging regions in microfinance.

The MicroLoan Foundation provides microfinance (small loans of around £70), business education and personal mentoring support to impoverished women living in remote rural areas in sub-Saharan African countries. The charity has recently opened a Training Centre at its Malawian headquarters in Kasungu, which supports women in developing enduring sustainable enterprises focused on irrigation, renewable energy and information technology.

“This award recognises the hard work being done by our people on the ground in Malawi. It’s a clear indication that responsible, non-commercial microfinance is valued by the industry” comments Peter Ryan, the charity’s Chief Executive and Founder. “We strive to reduce poverty effectively through our commitment to providing professional services of the highest standard. As over 80% of our African activity is conducted through training, mentoring and support, our priority is to ensure that our clients receive a professional service.