MICROLOAN FOUNDATION
Registered charity 1104287 · accounts filings on the Charity Commission register · also known as MICRO LOAN FOUNDATION · also registered in Scotland as SC041941 (OSCR)
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.
Causes: The Prevention Or Relief Of Poverty · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that total group funds increased to £2,206,568, with unrestricted reserves of £2,097,295. The charity reports an Operational Self Sufficiency ratio of 108% for its Malawi operation and 101% for Zambia, while Zimbabwe operated at 79% due to drought impacts. The trustees confirm adequate resources for the foreseeable future, with free reserves covering 7.3 months of forecast cash outflows.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: six to nine months forecast cash outflows (held: £2.1m)
“The Board has agreed that ‘free reserves’ should exceed a minimum of six months but are not expected to exceed nine months forecast cash outflows, calculated on an annualised basis. At 31 December 2024, the free reserves position was £456,263 equivalent to 7.3 months.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Ultimate parent undertaking
“The company's ultimate parent undertaking and controlling party is WildHearts Foundation Limited, a registered Scottish charity (SC037072) and a company limited by guarantee (SC290665). Copies of its consolidated financial statements are available from Companies House.” — page 81
“Expenses totalling £1,327 (2023: £376) were reimbursed to two (2023: two) trustees during the year.” — page 70
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee expenses
“The company's ultimate parent undertaking and controlling party is WildHearts Foundation Limited, a registered Scottish charity (SC037072) and a company limited by guarantee (SC290665). Copies of its consolidated financial statements are available from Companies House.” — page 81
“Expenses totalling £1,327 (2023: £376) were reimbursed to two (2023: two) trustees during the year.” — page 70
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Sayer Vincent LLP. Discloses 4 of 6 completeness components.
In the news
Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).
Public fundraising profile: JustGiving — MicroLoan Foundation (matched by registered charity number).
Leadership, per the charity’s website
- Medha Wilson — Group Chief Executive Officer (source)
- Dr Mick Jackson — Chairman (source)
- Mateo Zanetic — Regional Director for Africa (source)
- Samson Songore — Chief Executive Officer Zimbabwe (source)
- Jack Ngoma — Chief Executive Officer Zambia (source)
- Davison Rakasi — Chief Executive Officer Malawi (source)
- David McCrossan — Group Chief Financial Officer (source)
- Malin Rosenkvist — Director of Fundraising & Communications (source)
Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.
Funders the charity credits
Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).
- Whole Foods Market Foundation — “Whole Foods Market Foundation, dedicated to poverty alleviation around the world, has partnered with MicroLoan Foundation in Malawi and Zamb…” (source page)
- Grameen Credit Agricole Foundation — “In 2023, MicroLoan Malawi also secured a grant from Grameen Credit Agricole Foundation under their Swiss funded Smallholder Safety Net Up-sc…” (source page)
- The Halcrow Foundation — “The Foundation has provided MicroLoan with a grant to expand our livelihoods programme in the Kapiri District, Zambia where the grant will e…” (source page)
- The Headley Trust — “The Headley Trust, part of the Sainsbury Family Charitable Trusts, partners with MicroLoan in both Malawi and Zambia. They funded MicroLoan …” (source page)
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£369k
Reported reserves equal ~1.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, cost of raising funds: 6.6% of total income — above the median for charities its size (5.2%) (benchmarks).
Register events
- Received assets from another charity (25/07/2025) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- Michael Anthony Jacksonchair
- Bernice Dunsmuir
- Stephen Paul Stolliday · trustee of 2 other charities
- Steven Marshall
Trustee list from the Charity Commission register (current, not historical).
Operates in: Australia · Malawi · South Africa · United States · Zambia · Zimbabwe
Income and spending
Common questions
Is MICROLOAN FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that total group funds increased to £2,206,568, with unrestricted reserves of £2,097,295. The charity reports an Operational Self Sufficiency ratio of 108% for its Malawi operation and 101% for Zambia, while Zimbabwe operated at 79% due to drought impacts. The trustees confirm adequate resources for the foreseeable future, with free reserves covering 7.3 months of forecast cash outflows. Its FY2024 accounts were audited by Sayer Vincent LLP.
Who funds MICROLOAN FOUNDATION?
Funders whose own accounts filings name MICROLOAN FOUNDATION as a grant recipient include THE IAN AND CLARE MATTIOLI CHARITABLE TRUST, THE HEADLEY TRUST, HALCROW FOUNDATION, BLISS FAMILY CHARITY, ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
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Semantically similar by activities and financial character, from our analysed corpus. Compare with OPPORTUNITY INTERNATIONAL UNITED KINGDOM.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.