We provide small loans (otherwise known as microloans), basic business training and continuing guidance to groups of women in sub-Saharan Africa. This enables them to develop self-sustainable livelihoods, feed, clothe and educate their families, and work their way out of the poverty trap. We now have twenty offices in Malawi and have made microloans to 17,000 women. We have recently begun operating in Namibia and Zambia as well.

10th February 2010

Link reblogged from TimeDesk

Africa: Continent Ripe for Citizen-Led Development Plan →

Microloan Foundation

timedesk:

caraobrien:

From allAfrica.com, excerpt:

There have been real improvements in Africa over the past decade. Economic growth has been averaging about five per cent a year, 34 million more children are in school, malarial death rates have nearly been halved in a number of countries and more than three million people are on life-preserving AIDS medications.

Africa can build on this progress to achieve sustainable development by establishing a new citizens’ compact. This bottom-up approach would ensure that development is devolved, that citizens are connected with new technologies, that executive powers are diffused, that political parties are strengthened and that the integrity of leaders and governance institutions firmly take centre stage.

Read more.

Source: caraobrien