Womens Microfinance Initiative Corporation

Rating: 5 stars   18 reviews

Issues: Philanthropy

Location: 8609 Fenway Dr Bethesda MD 20817 USA

Mission: WMI’s mission is to work with village-level organizations to provide loans to poor women in East Africa so that they can engage in sustainable income generation, build savings and accumulate assets.  Its goals are to help women stabilize their income, raise their household standard of living, secure better opportunities for their children and trigger regional growth.
Results: WMI has established a $175,000 revolving loan fund and issued over 1,200 loans to impoverished women living in over 60 rural villages in Kenya and Uganda.
Target demographics: Impoverished women in East Africa
Direct beneficiaries per year: 500
Geographic areas served: East Africa
Programs: Loan program, Training in bookkeeping and financial planning, After-school tutoring, Children's Library
2010 Top-Rated Nonprofit
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EIN 26-1384627
3015200865
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Community Reviews

Rating: 5 stars  

11 people found this review helpful

WMI was founded to assist Ugandan women by providing microloans to help them start or expand businesses. With initial loans, we have seen that businesswomen focus on improving their businesses, standards of living, and educational oportunities for their children. But once the ladies have training in bookkeeping and business operations, and have improved things for their families, we see the women turn their attention to improving the community. WMI has connected the businesswomen with other women, and connected them with resources to improve the life of the community. WMI is flexible and responsive to the local women, and equips them to make decisions that will affect the quality of their lives and grow the local economy. It's a great model, and a great use of resources -- both dollars and the human capital that is built.

I've personally experienced the results of this organization in...

developing tools to collect baseline data on the women, their businesses, and their households, and longitudinal data on how their lives change after they receive a loan -- it's amazing!

What I've enjoyed the most about my experience with this nonprofit is...

. . . seeeing what a difference a small loan can make.

How frequently have you been involved with the organization?

About every month

When was your last experience with this nonprofit?

2010-5-01

 
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Rating: 5 stars  

6 people found this review helpful

innovative concept - in just two years it has really changed lives at a very low cost and has been developed to be sustainable over the long term. Great energy!

What I've enjoyed the most about my experience with this nonprofit is...

sharing ideas

If this organization had 10 million bucks, it could...

improve opportunities for women around the globe.

How frequently have you been involved with the organization?

About every week

When was your last experience with this nonprofit?

2010-5-01

 
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Rating: 5 stars  

6 people found this review helpful

Women's Microfinance Initiative has made small loans to over 1000 women in rural villages in Uganda and Kenya, allowing the women to start their own businesses to support their families. WMI has also helped to build a community center in Byobo which houses a meeting room, a library and a computer center. One of WMI's greatest features is its goal to help the women graduate from microfinance loans to a banking relationship with a local financial institution.

If I had to make changes to this organization, I would...

What I've enjoyed the most about my experience with this nonprofit is...

seeing first hand the changes it has made in the lives of the women and their families.

Ways to make it better...

I had the opportunity to travel to Uganda and meet the women myself.

In my opinion, the biggest challenges facing this organization are...

One thing I'd also say is that...

How frequently have you been involved with the organization?

About every month

When was your last experience with this nonprofit?

2010-5-01

 
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