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Locations
Chestnut Hill, Newton, MA, USA
industry
Non-Profit Organization Management
Size
11-50 employees
Stage
Other
MicroLoan Foundation USA seeks to alleviate poverty, advance gender equality, and empower women entrepreneurs in Sub-Saharan Africa. We carry out our mission by empowering impoverished and underserved rural women to become self-sufficient through the provision of financial literacy training, specialized business training and continued mentoring, and small loans. We give women a hand up, not a hand out. MLF is a leader in socially driven nonprofit microfinance. In Sub-Saharan Africa, we employ over 300 local staff in 50+ rural locations, serving almost 100,000 women annually. MLF enables women to own and operate self-sustainable businesses, creating a steady income stream, while teaching women how to maintain savings in case of emergencies. With their increased income, women and their dependents have greater access to education, healthcare, food, sanitation, and clean drinking water. We maintain a 99% loan repayment rate, allowing MLF to recycle capital and provide training and loans to more and more women. On average, each of the 400,000 women served by MLF to date has 4-5 dependents ultimately benefiting from MLF’s assistance. In total, over 2 million people have benefited from MLF’s services. With our help, they seek greater educational opportunities, use healthcare facilities, consume clean water, and benefit from improved sanitation. As our clients’ businesses grow and additional women join our ranks, MLF continues to provide the means for tens of thousands of women to increase income and improve their lives.
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