Malta Microfinance Ltd. is a non profit, financial institution.
It was founded in September 2013 by the St. Andrew's Scots Church and launched at the Europa House by the former President of Malta, Dr. George Abela and Mrs. Marjory Paton, National Convener of the Guild of the Church of Scotland.
We are licensed and regulated by Malta Financial Services Authority (MFSA).
The company lends to people struggling financially, especially Maltese women and migrants, to enable them to improve their lives.
Malta Microfinance aims to bridge the gap for people who cannot access banks and their services. This can inhibit them from various opportunities and/or forcing them to borrow from informal sources leading to a spiral of debts.
Nobel Laureate Professor Muhammad Yunus started the first of it's kind, Grameen Bank in Bangladesh in 1983. Through his experience of offering basket weavers
small loans, he built the concepts of social business and micro-credits.
Until 2013 the scheme has gained popularity with approximately 8 million people worldwide benefiting from this idea. The main target being women entrepreneurs. It has also proven to be successful with a pay back rate of more than 97 percent.
Malta Microfinance follows the Grameen Model with the hope of transforming lives and bring hope and independence on the Maltese islands.