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Paper Title: A study on impact of microloan foundation on empowering rural community in Mangochi district – Republic of Malawi.
Authors Name: C. Arockia John Kuilen , S. Micheal
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Published Paper Id: IJNRD1802001
Published In: Volume 3 Issue 2, February-2018
Abstract: Microloan foundation is an organization that fall under microfinance institution. Microfinance refers to an economic development approach that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. The economic development approach is done through microfinance institutions such as Microloan foundation. Basically this research aimed at investigating the impact which the loans from microloan foundation had brought in on empowering the economic status and living standards of low-income earning (women) in the rural communities of Mangochi district. This study used the cross-sectional survey research design. The target population of the study was 45 which consist of loan officers and clients of MLF. Simple random and purposive sampling techniques were used to arrive at 42 clients and 3 MLF officers. A questionnaire was used to collect data. The research revealed that faced some problems such as communication breakdown due to differentiation in languages, need of clarification of some words used in the questionnaire, unwillingness of clients to answer some questions etc. Data entry, storage and analysis were done with the aid of Scientific Package for Social Sciences (SPSS). The study established and concluded that Microloan Foundation have a positive effect to areas where it is carrying out its activities. The MLF have positively impacted to the household level as it has changed the living standards of the clients. The study also conclude that MLF has emerged as a job creator to rural communities as it provides small amount of loans so that women can employ themselves. This study further concluded that MLF is making contributions towards the economy of Malawi through payment of provision tax paid by MLF’s clients who runs their businesses at a recognized markets of Mangochi district. The study recommended that MLF should make their loans more accessible. The study recommended further that MLF should lower interest rates. Lastly, the research recommended that MLF should reduce the distance to access and deposit the loans.
Cite Article: "A study on impact of microloan foundation on empowering rural community in Mangochi district – Republic of Malawi. ", International Journal of Novel Research and Development (, ISSN:2456-4184, Vol.3, Issue 2, page no.1-3, February-2018, Available :
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