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.
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Malawi Parliament Approves Credit Reference Bureau Bill
From: Nyasaland Times
Malawi’s legislature recently passed a bill that will mandate information sharing among banks by establishing a formal credit bureau. This could be a milestone in preventing juggling loans and spotting potential defaulters. Hopefully some of these benefits will extend to the microfinance sector as well.
Microloan Foundation
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