Zambia, a landlocked country in Africa. It is situated on a high plateau in south-central Africa and takes its name from the Zambezi River, which drains all but a small northern part of the country. Zimbabwe lies immediately to the south and Malawi to the east.
Unlike most of its neighbours, Zambia has managed to avoid the war and upheaval that has marked much of Africa’s post-colonial history, earning itself a reputation for political stability. It has experienced rapid economic growth over the last decade as Africa’s second largest copper producer after the DR Congo. But its over-reliance on copper has made it vulnerable to falling commodity prices.
Zambia also has one of the world’s fastest growing populations with the UN projecting that its population will triple by 2050.
But unfortunately, economic growth and massive Chinese investment have failed to improve the lives of most Zambians, with two-thirds still living in poverty.
So, we at MicroLoan Foundation have been operating there for a number of years. Our 2017 statistics show our success rate.
We are really proud of the 27,646 clients who have received our services and successfully established businesses since we started our operations in Zambia.
To see some of our success stories, click the button.