Who are they?
The Microloan Foundation is a UK based microfinance charity providing small loans, business training and continuing guidance to groups of women in sub-Saharan Africa.
Their key objectives are the relief of poverty, the advancement of education and the relief of sickness in the developing world through the provision of microloans and grants.
By making the loans in a business context, the charity instills an ownership mentality in the recipients of the loans, who are referred to as 'partners'.
Why this charity
We wanted to support a charity which resonated with our belief that we can build a better world through entrepreneurship. The Microloan Foundation helps people become entrepreneurs, found their own businesses, and build a better future for themselves. In addition, with a 98% repayment rate, almost all the funds donated can be recycled and reinvested.
We feel that given the topical nature of social entrepreneurship, there has never been a better time to support this charity. To find out more about social entrepreneurship we recommend this article.
Find out more on their website.