Welcome to our latest newsletter!
September 2016 Edition
Celebrating the New Financial Year with MicroLoan
We couldn’t start without first thanking you for your support during the past 12 months. As we head into another year with a vision to help more women and families living in desperate poverty, I reflect on how much we have already been able to achieve with your support – a total of over 100,000 impacts by helping over 21,000 women and their 84,000 dependants build a better life. More figures later…
Whilst 2015 saw devastating floods in the south of Malawi, we are pleased with the way we have been able to respond in supporting our clients and their families to get back on their feet. We would not have been able to respond in the way we have without you rising to the challenge and supporting us to the tune of $36,200 in the 12 months, so a huge thank you.
I am looking forward to 2016 as we plan to help more women in both Malawi and another new country, Zimbabwe. There is considerable need in Zimbabwe in the rural areas and I am confident that together we can make a real difference. It’s another important step in our organisation’s long term aim of helping women and families all across Sub-Saharan Africa.
Update from the field
2015 saw some technological advances in the field with the roll out of a new management information system enabling our officers to support our clients more effectively and efficiently, saving time and costs.
We hope to also implement the use of handheld tablets for our Loan Training officers which means that the communications between the activities of loan officers and head office is more efficient.
The last year was not without its challenges, but with the hard work of our team in the field we achieved some amazing results. With your help and support we were able to provide 2,891 loans totalling A$85,793 with accompanying vital training and support.
Helping more women
While we continue to support our Mulanje branch, we are pleased to report that we are now ready to expand our services into Zimbabwe pending final approval by Reserve Bank of Zimbabwe.
Worst drought for 25 years means hunger is a reality for millions in Malawi
A recent report in The Scotsman highlights just how tragic it is that these delightful and fiercely independent people are reduced to literally begging for food and water to survive. As you read this their food stocks are running out and, as water sources dry up, women and girls must travel farther to collect water. Some families are resorting to using unsafe surface water as their only option, increasing their vulnerability to water-borne disease, including cholera.
With MicroLoan Foundation’s small (average A$58) business microloans and comprehensive support these women can provide for their families, restore their pride, and hopefully make some provision for future needs. To learn more go to our Facebook page and website.
Kamaia Harkness our dedicated volunteer has created this brilliant and innovative program that is available for school teachers and students. It comprises a number of curriculum related activities and reprogram which we have now officially launched. To learn more please visit the website.
If you know a school or group who would like to fund-raise for MicroLoan we’d love to hear from you.
We are also looking for people who can help us deliver presentations to schools so if you’re excited about microloans and interested in knowing more, please sms or call 0417 211 366 or send an email to me firstname.lastname@example.org.
Thank you to all our supporters including
Carol Haffke, The Shoe Garden
St Ita’s Brisbane Year 5
Special thanks to Year 5 students at St. Ita’s in Brisbane who raised $800 with their Build Your Own Business project selling their wares at a weekend market stall.
If you know a school or group who would like to fundraise for MicroLoan please sms or call 0417 211 366 email email@example.com.
Great supporters of MLF and we have benefited with $2000 from them this year and over $14,000 in the last 3 years. Visit Buy1Give1.
And not forgetting
An easier solution with ‘Workplace Giving’
We’re proud to have been selected a member of Good2Give. Founded in 2000, Good2Give is a not-for-profit organisation that makes it easy for businesses and donors to give with employee Gifts. Watch video here.
Committed to building a more giving society, they provide technology solutions and services to efficiently and securely process company and employee Donate across Australia and New Zealand.
Your Impact In Numbers
As you know, we are a very small organisation which has continually lifted well above its weight.
Our achievements since we opened in Australia are shown by the statistics below, with the financial year to 30th June 2016 in brackets:
- Funds transferred since launch $228,014 (2015/2016 year $36,200)
- Number of loans dispensed 21,240 (2015/2016 2,891)
- Value of loans disbursed $1,137,817 (2015/2016 $85,793)
- Average loan value: $58 – this varies according to currency fluctuations.
- Repayment rate overall 99%
- MicroLoan Foundation Australia was registered as a charity in September 2008
- Opened our loans office in Mulanje, Malawi in May 2009
97% of the funds you give is used to fund our borrowers’ loans – a reasonable benchmark is 70% and many Charities remit only 20% or less. We achieve our amazing results because no wages or salaries are paid in Australia and all operations are voluntarily managed and funded personally by the Directors.
We look after your data
With so much in the press right now about how charities use your information, we thought we’d take this opportunity to assure you that we comply the Commonwealth Privacy Act 1988 (Amended) and that your personal information is never shared with anyone else.
If you have already provided personal information to MicroLoan Foundation Australia and wish to update it or if you no longer wish to be contacted by us then please contact me firstname.lastname@example.org.
Thank you to our MicroLoan Foundation Australia team
Our Board of Directors
Clive Hughes, Chris McArdle, Liz Keen and Sebastian Bryks – without you behind me I’d have been overwhelmed long back with MLF sinking in obscurity.
‘Silent’ supporter my wife Prue and our small team of helpers in the Philippines Michael, Franz & Terence for all the help with websites, copywriting, videos and the myriad complicated technical items needed in our digital age.
Australia – we’re blessed having Simon Tedeschi, world famous classical pianist and entertainer whose visible support and occasional fundraising concerts does so much to help our profile and credibility.
World-wide – who better than Sir Bob (Geldof). His recognisable voice and endorsement is an important factor for us.
Our Ambassador at Large
Peter FitzSimons – bestselling author, sports journalist, broadcaster and former Wallaby whose endorsement in his columns occasionally is greatly appreciated. To you and your wife Lisa Wilkinson, Thank you!
Our team in Mulanje seen below with Carol Haffke from The Shoe Garden.
Get in touch
If you have any questions about our work or you would like to get further involved with MicroLoan Foundation please phone or sms me 0417 211 366 or email email@example.com.
Thanks again for all of your support in 2015/ 2016 and we look forward to continuing to work together to help the women of Malawi and Zimbabwe build better futures for themselves and their families.