Microloan Foundation in Australia

*Microloan lends money, provides business training and mentoring to women living in rural communities in some of the poorest countries in the World. *Microloan provides collateral free lending where no bank would bother because the borrowers are too poor to service. *Worldwide Microloan has helped 324,000 women set up their own businesses, helping to provide money for additional food, healthcare and education to around 1.6mn affected people. *Since inception, our repayment rate has been in excess of 97%, based on a model with no collateral. This high repayment rate means virtually all the money is lent many times helping multiple families over time. *Since we founded Microloan Foundation Australia we have provided well in excess of $850,000 in loan funding to women in subsaharan countries.