Arcubus makes its first grant to MicroLoan Foundation
Arcubus has just sent a cheque for £10,000, the accumulated donations of many generous individuals and churches in 2012, to the MicroLoan Foundation. Together, your donations will fund around 400 starter-loans (c. £25 each) to women in Malawi, thus benefitting 400 new clients. Each client will have an average of 5 dependants, so a total of 2,400 people will benefit from this grant. Of course, the benefit will be even greater than this because the funds will be recycled as loans are repaid and reloaned again.