We are excited to announce that with your support, ADC Microfinance has enabled a remarkable 2,112 microloans in Myanmar worth NZ$508,000 over the past year. Empowering thousands of people to lift themselves and their families out of poverty is something we think is worth celebrating!
We couldn't have done it without your support and want to extend a sincere thank you to our donors and supporters. Your generosity and support makes the work of ADC possible and helps to grow our impact each year.
This past year has been the most successful yet in Myanmar. We've hit a new milestone of enabling 8,037 loans since ADC's inception - that's NZ$1.7 million in loans since ADC began working with ZMF Bank in Myanmar. Once repaid, loan funds are available to be lent out again and again, making microfinance one of the most sustainable forms of development and maximising impact. For every dollar invested by ADC into the ZMF Bank, over $6.50 has been distributed in loans.
It has also been a big year for ADC in New Zealand. Our #GiveHerCredit network continues to grow, there has been great support through screenings of our On the Backs of Women film, and we have seen some fantastic peer-to-peer fundraising campaigns (such as supporters running marathons and racing up volcanoes to raise money for microfinance). The annual Gala Dinner and Quiz night continue to be hugely successful.
We can't wait to introduce you to some more ZMF Bank clients, and share some fun events coming up later in 2018.