Question 1

What is the mission of MICROLOAN FOUNDATION?

Accepted Answer

We are a not-for-profit microfinace institution focussing on sub-saharan africa. Our mission is to significantly reduce the depth and breadth of poverty in the communities within which we operate. We do this by lending money to groups of rural women to help them build sustainable businesses, and by providing meaningful training and ongoing mentoring support.

Question 2

What is the financial size of MICROLOAN FOUNDATION?

Accepted Answer

MICROLOAN FOUNDATION is classified as a large charity. In the latest financial year, they reported a total income of £5,609,337 and total expenditure of £5,130,882.

Question 3

How does MICROLOAN FOUNDATION allocate its spending?

Accepted Answer

For every pound spent, approximately 92.8% goes directly to charitable activities. The remaining 7.2% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.8%).

Question 4

What is the workforce structure of MICROLOAN FOUNDATION?

Accepted Answer

MICROLOAN FOUNDATION employs 327 staff members and is supported by 14 volunteers.

Question 5

Does MICROLOAN FOUNDATION receive government funding?

Accepted Answer

To a small extent. Approximately 0.0% of their income comes from government grants or contracts.

Question 6

Does MICROLOAN FOUNDATION pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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