Malawi

Financial services

Financing granted

Loan of €154,000 *
(Equivalent in local currency)

Foundation partner

Since 2018
(1 loan granted)

*Outstanding amount at grant value
Partner website

Context:

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).

The Institution:

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.

Impact:

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.

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