Your donation will allow us to buy a motorbike to extend our reach to rural women who would otherwise have no access to microfinance. Our loan officers' ride up to 70 kilometres on dirt tracks to deliver training, mentoring and loan capital to some of the poorest women in the world. MicroLoan Foundation fosters entrepreneurial spirit and independence, offering a hand up not a hand out.
What is the issue, problem, or challenge?
Transport! Or more specifically access to finance for the poorest of women living in rural communities in Africa. 380m people in Sub-Saharan Africa continue to live in poverty. The poorest people in rural Africa are often overlooked due to their remoteness. We want them to have the opportunity to work their way out of poverty; to make this happen we need to take our services directly to them. We help women in villages which are often unreachable by car making motorbikes essential
How will this project solve this problem?
1 motorbike will allow MicroLoan Foundation to help 300 women to work their way out of poverty. We will be able to travel long distances on dirt tracks to the most remote villages in Malawi to provide training, mentoring and finance for women to start businesses.
Potential Long Term Impact
55% of women studied said that their children had not attended school before receiving a loan. Only 9% said that after receiving support. 60% experienced food shortages before while 90% were able to provide 3 meals/day for their families after.
This project has been retired and is no longer accepting donations.