Microfinance
Empowering small-scale entrepreneurship and economic independence through access to socially beneficial assets and services using microfinance loans.
In Malawi, only 18% of adults have access to a bank account, with only 6% of the nation’s population having access to formal lending (PEV, 2020)
About 131 million or 41% of formal MSMEs (Micro, Small and Medium Enterprises) in developing countries have unmet financing needs. (UN, 2020)
The financial inclusion gender gap in developing countries remained at 9 percentage points in 2017, unchanged since 2011. (UN, 2020)
Our Awards and Certifications
What we are doing
Working alongside established village banks, PEV has developed a microfinance service, providing additional capital and loans to the village bank funding pool, allowing more loans to be distributed to support local enterprises and new ventures. Leveraging the already established and trustworthy village bank systems simplifies the process and promotes community-wide economic independence, and so far this has resulted in a near 0% default rate.
As Village Banks are the primary source of capital for lower socio-economic areas, this increased investment has a direct positive impact on economic welfare and combating poverty. With the majority of the loan recipients being women, the social and economic benefits for women range from increasing individual financial empowerment, boosting and diversifying household incomes, increasing GDP per capita, and overcoming long-held barriers to gender equality.
124
Loans provided to local community members
$10,342
AUD provided in loans in the Nancholi region
87%
Of customers, within 6 months, followed up with confirmed improved situations
How to Get involved
Connecting young change-makers and technology partners you will be testing social enterprise solutions in real-world contexts at the very early stages. This is an opportunity to deeply understand our community members and work with them to develop a meaningful social impact.
Our Impact
Partners
Our
Impact
Projects
You can join over 9 active projects we have developed in countries such as India, Timor-Leste, Fiji and Malawi, as well as rural communities around Australia. You can even make a social impact from the comfort of home as a social impact consultant through our Virtual Impact Program. Our innovative project solutions span across a range of areas for maximum impact, including agriculture, microfinance and solar energy solutions.
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Ag-Tech Consulting
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Fiji, India, Timor-Leste, Malawi, Australia, Virtual
AG Tech, Food Security and Environmental Sustainability
2 - 4 Weeks
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Female Sanitation | Reusable Pads
Empowering women and girls through safe sanitation practices and access to education and opportunities, using reusable and hygienic pads.
Financial Literacy Consulting
Empowering small-scale entrepreneurship and economic independence through access to financial literacy and resources to enable growth opportunities.
Microfinance
Empowering small-scale entrepreneurship and economic independence through access to socially beneficial assets and services using microfinance loans.
Solar Solutions Consulting
Electrifying the 16.5 million Malawians with no access to electricity using affordable, clean, solar power.
Sustainable Stoves
Providing access to cleaner, low cost and fuel-efficient energy to 3 billion people worldwide whilst maintaining long-held cooking practices and traditions.
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