SDL Foundation partners with MicroLoan into Zimbabwe

SDL (LSE: SDL) is partnering with MicroLoan Foundation (MLF) to help the charity expand its presence into Zimbabwe, the company said.

MLF currently provides small loans to women in rural Malawi and Zambia, enabling approximately 50,000 female entrepreneurs every year to set up their own self-sustainable businesses and work themselves and their families out of poverty.

Support for charities like MLF is central to the SDL Foundation´s mission of supporting structural and sustainable projects that are income-generating, helping people to help themselves. SDL grants have effectively enabled MLF to help a significant number of these women set up businesses and provide for their families. MLF´s model has experienced a successful repayment rate of about 98 percent.

In addition, a number of SDL employees have provided creative support to the design of MLF´s marketing materials and will provide their technical expertise in web engineering for MLF´s new website. Earlier SDL Foundation funding also enabled MLF to introduce a sophisticated management information system (MIS) and accounting system to improve operational efficiency, reporting and assessment.

MicroLoan helps some of the poorest women in the world feed their families, send their children to school, and pay for life saving medicines. By providing small loans (average USD100) and ongoing business training and support, MicroLoan helps women in rural Malawi and Zambia to set up their own self-sustainable businesses, enabling them to work themselves and their families out of poverty.

The SDL Foundation forms parts of the Corporate Social Responsibility activities of SDL plc, a company that helps to eliminate communication barriers by managing and translating content across websites and devices. The SDL Foundation is committed to supporting charities and projects across the world that work with disadvantaged communities.

SDL provides global content management and language solutions. With more than 20 years of experience, it helps companies build relevant digital experiences that deliver transformative business results on a global scale.