Whole Planet Foundation, a Whole Foods Market foundation dedicated to poverty alleviation around the world, has partnered with MicroLoan Foundation in Malawi and Zambia since 2010, and more recently in Zimbabwe, by providing several multi-year grants to grow our loan book. They also awarded us with a multi-year grant for the purchase of tablet computers for our field staff as part of the rollout of our new Management Information System.
Visit WebsiteGlobal Partnerships (GP) is an impact-first investment fund manager dedicated to expanding opportunity for people living in poverty. GP makes loans and early stage investments to social enterprises that serve people living in poverty throughout Latin America, the Caribbean, and sub-Saharan Africa. MLF Malawi has recently received a local currency loan equivalent to US$750,000 (spread across two disbursements) from GP. The loan is for a period of 2.5 years and will enable MLF Malawi to grow its loan book and expand its reach to more clients.
Visit WebsiteKiva supported MicroLoan Malawi with a COVID Crisis Support Loan to provide liquidity support. MicroLoan Malawi were able to use the facility to offset expenses that were due whilst revenue suffered a dramatic fall. As a result, MicroLoan Malawi did not have to lay off any staff and were able to continue providing ongoing support to clients whilst ensuring that the management of portfolio at risk continued largely unaffected.
Visit WebsiteGrameen Credit Agricole contributes to the fight against poverty and exclusion through microcredit and equity investments in companies with high social impact in developing countries. Grameen supported MicroLoan in both Zambia and Malawi to support and improve operations. MicroLoan Malawi are in the final stages of discussions with Grameen to secure additional technical assistance under their Swiss funded SSNUP funding envelope. In 2021, Grameen is also providing a Technical Assistance grant for the design, development and pilot of the new savings platform in Zambia.
Visit WebsiteWildHearts Group is a portfolio of companies that, through their activities and profits, create global social change. These profits are spent on funding the work of the WildHearts Foundation. Since 2011 they have harnessed the power of ‘compassionate entrepreneurship’ to fund microfinance in the developing world. They are a strategic partner for MicroLoan Foundation and have supported us since 2015. With their support and social investment we have been able to continue growing and developing our operations.
Visit WebsiteLend with Care partners with MicroLoan Zambia and MicroLoan Malawi. They are a microfinance organisation that solicits individual or group loans for people across the world from the general public through their online fundraising platforms. They give MicroLoan access to loan capital which helps us to expand our reach.
Visit WebsiteADA is a Luxembourgish NGO supporting microfinance institutions with access to technical assistance and funding opportunities. In 2021 they supported MicroLoan Foundation Malawi with Technical Assistance funding for two projects to strengthen internal processes and digitalisation. In 2021 they also provided a two-year loan facility of EUR 230,000 to MicroLoan Foundation Zambia, through the Luxembourg Microfinance Development Fund (LMDF).
Visit WebsiteRUFEP is a joint initiative of the International Fund for Agricultural Development (IFAD) and the Government of the Republic of Zambia under the Ministry of Finance aimed to increase access to and the use of sustainable financial services by poor rural men, women and youth in Zambia. They are supporting MicroLoan’s efforts to pilot and roll-out an innovative mobile money project in Zambia. The technology is being rolled out in all of our existing branches in Zambia, and will be integrated into our future branches.
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