MICROLOAN FOUNDATION USA
237 BONAD ROAD, CHESTNUT HILL, MA 02467 www.microloanfoundation.org

Total Revenue
$56,876
Total Expenses
$44,584
Net Assets
$38,382

Organizations Filed Purposes: THE MICROLOAN FOUNDATION IS AN INTERNATIONAL DEVELOPMENT ORGANIZATION THAT REDUCES POVERTY AND INEQUALITY BY PROVIDING MICROFINANCE SERVICES TO IMPOVERISHED WOMEN LIVING IN REMOTE RURAL AREAS IN SUB-SAHARAN AFRICAN COUNTRIES. THE ORGANIZATION HAS ASSISTED APPROXIMATELY 240,000 WOMEN AND 960,000 CHILDREN SINCE INCEPTION. MICROLOAN FOUNDATION USA IS THE FUNDRAISING ARM FOR THESE PURPOSES.

MLF USA PROVIDED FUNDS FOR BUSINESS EDUCATION AND TRAINING TO SMALL GROUPS OF WOMEN AS A PREREQUISITE TO RECEIPT OF A MICROLOAN. THE TRAINING PROVIDES WOMEN IN SUB-SAHARAN AFRICAN COUNTRIES WITH INSTRUCTION AND EDUCATION IN BUSINESS SKILLS FOR THE BENEFIT OF THE INDIVIDUAL, HER FAMILY AND THE COMMUNITY AT LARGE.

MLF USA PROVIDED FUNDS TO BE USED FOR MICROLOANS TO SMALL GROUPS OF WOMEN WHO HAVE COMPLETED THE REQUISITE BUSINESS TRAINING. MLF'S STANDARD LOAN (AVERAGE $80 PER PERSON) IS MADE TO GROUPS OF 10-18 WOMEN. THE GROUP IS COLLECTIVELY RESPONSIBLE FOR REPAYING THE LOAN. THE MICROLOANS ENABLE THE WOMEN TO DEVELOP SMALL BUSINESSES TO SUPPORT THEIR FAMILIES.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Malin RosenqvistDIRECTOR2$0
Scott SchroederDIRECTOR2$0
Shaan RevuruDIRECTOR2$0
Hilary ChidiDIRECTOR2$0
Rokaya HelferCLERK2$0
Glenn GarrettTREASURER2$0
Steven MarkPRESIDENT2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202013219349300746_public.xml