Foundation for Women
Rating: 0 stars 0 review
Issues: Human Services, International, Philanthropy, Economic Development, Microfinance
Location: PO Box 2786 La Jolla CA 92038 USA
Programs: Shortly after the election of President Ellen Johnson Sirleaf and the end of a protracted civil war in Liberia, the Foundation for Women had the opportunity to establish the Liberian Microcredit Program, headed by a Liberian who found refuge in the US during the war. In a country whose economy was decimated by war, this program has been extraordinarily successful. On a daily basis women come to groups, eagerly awaiting their opportunity to receive a loan.
The program offers women a combination of services and resources including access to capital, product distribution and savings opportunities. Through their borrowing groups, participants receive financial and business training and access to other services. Beginning with a loan of $100, women start or build their businesses, either alone or in a group of other participants. Their efforts are acknowledged as contributing to the rebuilding of the economy of Liberia, in addition to improving the lives of every borrower and her extended family.
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