Welcome to Women's Microfinance Initiative
WMI's mission is to establish village-level loan hubs, administered by local women, to provide capital, training and support services to rural women in the lowest income brackets in East Africa so that they can engage in income producing activities.
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Goal: WMI's goal is to help women build assets so that they can stabilize their income, raise their standard of living and reorient themselves and their families. WMI's small loans bring big changes to impoverished women, who use the money to build small businesses. With pro bono legal assistance from the law firm of Baker & McKenzie in New York, WMI issued its first microloans in January 2008. By mid-2014, WMI had issued 15,000 loans totaling $2 million to
women in more than 1,000 villages. WMI has developed a unique economic model to transition women to bank loans and the formal economy in 24-months. Loan funds are recycled so that the program becomes self-sustaining.
Triple Bottom Line Impact of WMI
Robyn Nietert, WMI's President, talks about WMI's triple bottom line impact from WMI's first loan hub in Buyobo, Uganda.
Donate to the WMI Cause:
Your donation will give an impoverished woman in Uganda the opportunity to start her own business. With the revenues generated from her micro-enterprise, she will be able to raise the standard of living for her entire family and help make their future more secure. LEARN MORE »Source: www.wmionline.org
Category: Payday loans