You can rest assured that your contributions have been such a positive in helping motivated women in some of the poorest countries in the world, to help themselves conquer poverty by their own efforts.

Where does your money go?

To date, MicroLoan Foundation Australia has remitted A$650,000 to southern Africa, including $92,606 in the past year. We estimate this has helped us provide loans to nearly 60,000 women in Malawi, Zambia and Zimbabwe with business loans, training and mentoring that has impacted the lives of close to 355,000 borrowers and their dependents. This is the equivalent to the population of Hobart in Tasmania! As more than 99% of these loans are repaid in full, we estimate we have now made total loans of close to A$5m

And the good news is that, thanks to the continuing support of our directors and other volunteers, our total fund-raising costs are still only under 6%, which makes us more efficient than most of the more well-known charities in this country, and means more of your dollars goes to the cause – not to overheads. Please refer to this recent ABC article and an older one from the Sydney Morning Herald which mentions that many charities exclude marketing costs from their declared cost of funds – whereas we do include ours. I have attached the latest signed copy of our accounts for your scrutiny.