Women's Microfinance Initiative

Started by women in the Washington, D.C. area, WMI makes loans to impoverished women in developing nations who have no access to banks. Issuing affordable, collateral-free loans for as little as $50, WMI promotes women's economic empowerment to reduce global poverty. WMI's goal is to help poor women build assets to stabilize their income, improve their familiy's living standard, become advocates for their families/communities, and transition into independent banking and the formal economy.
Nov 23, 2010

Must see Uganda Photos!

Prisca Mafabi and Her Motorbike
Prisca Mafabi and Her Motorbike

If you haven’t already done so, take a minute to look at the latest blog post from the field on the WMI web site and you will see the smiling faces of some of the first Buyobo Motorbike Ladies posing with their hogs.   http://wmionline.wordpress.com/.  That’s right!  WMI loans have empowered women to start buying motorbikes so that they can solve one of the most intractable problems rural businesswomen face: lack of reliable transportation.  Rather than waiting for the government to provide a reliable transportation infrastructure, WMI borrowers are earning enough money to start taking matters into their own hands.  The motorbikes are economical and can handle the rugged terrain.   Women use them to transport goods, search for suppliers and markets, and provide transport to other borrowers who need it.  The Buyobo Motorbike ladies are providing a resource for the entire village.

You will smile when you see how proud these women are of their accomplishment. Like Priscia Mafabi, with one hand on her cell phone, and the other balancing her motorbike, you can see that she is definitely taking care of business! 

Joy Nangoye and Her Motorbike
Joy Nangoye and Her Motorbike
Olive Nangoli and Her Motorbike
Olive Nangoli and Her Motorbike

Links:

Oct 4, 2010

WMI Blog--Updated by WMI Interns in Uganda and Kenya!

This fall Montana Stevenson and Ainsley Morris will be in Uganda and Kenya working on WMI projects for 4 months, starting at the end of September.  WMI has asked them to blog once a week about their experiences.  They will be traveling all the way to Kable in southwestern Uganda to launch new loan programs and as far as Nyahururu in central Kenya to visit existing ones.  In between, they will interview borrowers and their families, conduct trainings, and meet with PostBank staff to develop a written manual on transitioning to independent banking.  Share their insights, photos and videos during this exciting 4 month journey on the new WMI blog at:
 
A link to the blog also appears in the header on the WMI web site.
 
You can post comments on the blog, so please let them hear from you while they are out in the field!  They will really welcome feedback from WMI supporters while they are away.

Links:

Sep 7, 2010

July/August 2010 Update!

The Walt Whitman High School Interns in Buyobo, UG
The Walt Whitman High School Interns in Buyobo, UG

As the summer comes to a close, we want to share some of the exciting events that happened at WMI during the past few months.

First off, the Walt Whitman High School interns from Bethesda, MD returned August 16 from their three-week trip to Buyobo, Uganda and the surrounding area! Just a few of their accomplishments include: successfully setting up the Internet café in Buyobo with 10 computers donated by Discovery Communications; constructing the foundation for three new classrooms for Buyobo Primary School; teaching local school children; undertaking an educational survey with primary students in Kabale on behalf of the Mpambarra-Cox Foundation; and meeting with local representatives, WMI staff members, and borrowers.

The interns also had the opportunity to go on safari in Queen Elizabeth National Park, take a gorilla trek, and tour the Ngamba Island Chimp Sanctuary, the only research facility for injured and trafficked chimpanzees.

While the interns are still organizing their videos and photos to be uploaded to the WMI website, take a look at this short PowerPoint presentation to get an idea of the terrific contribution these young adults have made to rural communities in Uganda. WMI is grateful for their intrepid spirit, hard-work and enthusiasm! http://wmionline.org/newsupdates/WMI-Uganda-Trip.pdf

Additionally, the Bethesda-based WMI interns ended their hectic summer with the successful completion of three in-depth Fact Books that document the impact of the loan program and four research papers that highlight improvements in critical areas.

Based on data collected over the past two and half years from over 400 WMI borrowers, the interns were able to prepare Fact Books that provide an intimate portrait of WMI borrowers and an accurate assessment of how the loan program has transformed their lives. Check out the Fact Books on the WMI web site—we think you will be surprised and extremely gratified by the significant in-roads the loan program has made in combating rural poverty in East Africa. http://wmionline.org/dataanalysis/profile/profile.html

The summer interns also sifted through two years of reports prepared by WMI Local Coordinators after monthly visits to borrowers’ businesses or homes, who take note of: family health and welfare; domestic relations; business operations, progress and challenges; as well as the status of the borrower’s book keeping. After analyzing the data from the LCRs, the interns prepared papers on four critical areas that have been significantly impacted by the WMI loan program: Gender Relations; Child Development; Health; and Business Operations.

The papers can also be found at: http://wmionline.org/dataanalysis/profile/profile.html

The three new pilot loan programs launched in April in Bududa, UG and Siaya and Ol Moran, KY have been operating smoothly, with 100% loan repayment, and very efficient Local Coordinators, all of whom have requested the addition of follow on loan groups. Responding to the borrowers’ excellent performance and to the local demand, in July WMI added a new loan group in each of Bududa and Siaya. A new loan group will be added in Ol Moran in October. With their excellent track records, two new groups will be added to each of Bududa and Siaya in October.

We hope this update gives you an idea of the enormous impact the loan program is having on the lives of hundreds of families formerly living in poverty in rural villages in East Africa. Thank you for your continued support that has allowed us to expand WMI’s footprint and reach more women and families with life-transforming loans and training.

Links:

An anonymous donor will match all new monthly recurring donations, but only if 75% of donors upgrade to a recurring donation today.
Terms and conditions apply.
Make a monthly recurring donation on your credit card. You can cancel at any time.
Make a donation in honor or memory of:
What kind of card would you like to send?
How much would you like to donate?
  • $20
  • $50
  • $100
  • $1,000
  • $10,000
  • $20
    each month
  • $50
    each month
  • $100
    each month
  • $1,000
    each month
  • $10,000
    each month
  • $
gift Make this donation a gift, in honor of, or in memory of someone?

Reviews of Women's Microfinance Initiative

Great Nonprofits
Read and write reviews about Women's Microfinance Initiative on GreatNonProfits.org.