Loan of €335,000 *
(Equivalent in local currency)
*Outstanding amount at grant valuePartner website
Despite significant progress in recent years, the Malawian population continues to face significant development challenges, particularly in rural areas. The economy depends heavily on the agricultural sector (29.5 % of GDP).
MLF Malawi is a Tier 3 institution established in 2002 by MLF UK, a charitable organization dedicated to microfinance activities in sub- Saharan Africa. The institution serves rural women with a range of products for agriculture and small businesses.
MLF-Malawi is committed to reducing poverty in rural Malawi. The organization offers a range of low-interest loans to women who are otherwise unable to access better opportunities. Poor women can thus start new businesses and produce cash crops.