Malawi

Financial services

Financing granted

Loan of €335,000 *
(Equivalent in local currency)

Foundation partner

Since 2018

*Outstanding amount at grant value
Partner website

Context:

Despite good progress in recent years, the Malawian population continues to face significant development challenges. The economy depends heavily on the agricultural sector (29.5 % of GDP) and poverty levels are particularly high in rural area.

The Institution:

MLF Malawi is a Tier 3 institution established in 2002 by MLF UK, a charitable organisation dedicated to microfinance activities in sub-Saharan Africa. The institution offers low-interest loans paired with financial literacy and business training to enable rural women to start or grow agriculture and small businesses.

Impact:

MLF Malawi is committed to increasing access to financial services and reducing poverty. Since its inception the organisation has served over 210,000 financially excluded women, enabling them to start or grow income generating activities increasing profits and household income.

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