Already helping more than 1,000 people
Friday, September 18th, 2009 | Uncategorized
Although there is a long way to go to permanently establish our presence in Malawi, we would like to extend a big thank you to all those who have donated money to the MicroLoan Foundation so far.
You should be proud to know that the money raised to date has allowed Joseph Kaipa, the loan manager of our “Aussie†office in Mulanje, to write nearly 200 loans.
Your donation is helping give 193 women, and their 1,009 dependants a chance to start their own new businesses, and by so doing give them a chance to eradicate poverty for themselves.
It is wonderful to see the array of different businesses our clients are embarking on. For example, they are selling clothes, shoes, kitchenware, fruit , vegetables, doughnuts, and even goats. Sounds like a regular ‘Westfields’ (barring the goats I guess). Some enterprising souls are even making beer, which has got to be an improvement on the local Kuche Kuche brand!
And the great thing is that, due to a near 100% recovery rate we have been achieving, we will be able to recycle your initial donation and help affect the lives of another 1,000 people.
As said earlier, we have really only just taken the first small step in getting the Mulanje office opened. We want to grow the business by providing larger individual loans to those women who find they are successful with their initial small loans. We also want to extend our loans to well in excess of 300 women in this beautiful tea growing area of Malawi.
Please consider becoming a “Friend†of MicroLoan by making a regular subscription.
Also, please tell other people about the MicroLoan concept. Although we may appear to be a charity that gives nothing away, we do give the most precious thing – a chance to let the poor get out of poverty for themselves.
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