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Featured Microentrepreneur
Veronica, Microcredit Client of Microloan Foundation
Whole Planet Foundation partners with Microloan Foundation in Malawi where Whole Foods Market sources Whole Trade Guarantee sugar. With $450,000 support from Whole Planet, Microloan Foundation will be able to reach 4,500 new clients over the next 3 years.
It is estimated that just 8% of Malawians connected to a national grid and even that becoming increasingly unreliable of late so solar energy is extremely important. Imagine being totally constrained by nature for the ability to read or to undertake certain critical tasks, just because it is after 6pm? This is the reality for many women and their families in Africa, with their only lighting up until now being from dangerous and expensive kerosene lamps and candles. Enter clean, safe and reliable solar energy. MicroLoan trains and mentors women so they can successfully market and…
Learn more about Veronica, Microcredit Client of Microloan Foundation
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Whole Planet Financial Snapshot
| Through | Sept 2011 |
|---|---|
| # of Countries | 48 |
| Microcredit clients | 177,936 |
| Female clients | 92.45% |
| Estimated people supported | 1,056,000 |
| Average loan size developing world | $225 |
| Repayment rate | 97.28% |
| Funds Committed | $21,648,158 |
