Rating reports

MicroLoan Foundation
Output

Each borrower generally takes out up to 3 loans per year. MicroLoan funds are therefore recycled over and over, assuming good repayment rates and low loan write offs, as currently. The cost of providing three loans (assuming and average over the cycle of £46 per loan) to each borrower is shown below with the overall cost of support for all the borrowers’ dependants per year.

 

Number of active borrowers 23,215

Total UK cost per active borrower £32.55

Indirect beneficiaries (5 dependants on average)116,000

Total UK cost per direct + indirect beneficiaries £5.43

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