Microloans offer hope and a positive outlook on world poverty
MicroLoan Foundation Australia is a non-profit organisation that uses the social microfinance model to provide small loans, business training, and ongoing support to the poorest women in sub Saharan Africa so they can start small businesses.
“If you give someone a fish, they have food for a day. If you teach them how to fish, they have food for life.”
These businesses give women the chance to improve their family’s living standards – more food, better health and housing, education for their children – and be more empowered in their communities.
Supporting MicroLoan Foundation Australia is an easy way to become a powerful global citizen
Contributing as little as $50 enables a woman in Malawi, Africa, to start a business. This gives her self determination, an income, a way of providing better living standards for her family, and an opportunity to work her way out of poverty.
All microloans are paid back with interest to cover the costs of training and administration and the initial capital is used to provide another loan.
No matter how large or small your contribution, it recycles again and again to help more and more people.