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wmicontact

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1 reviews

Review for Womens Microfinance Initiative Corporation, Bethesda, MD, USA

Rating: 5 stars  

WMI provides small loans that bring big changes to inpoverished women living in rural Uganda and Kenya. In just over 2 years it has expanded from 20 loans to over 1,000 loans and established a $175,000 revolving loan fund. It has developed a unique economic model that takes impoverished women from their first loans to totally independent banking in 36 months in a framwork that is self-sustaining once the loan cycle is funded. It reuses loan funds repaid by graduationg borrowers to fund new loans to first time borrowers. It provides training and support services. Working at the bottom of the financial pyramid, WMI provides impoverished women with an on-ramp to their countries' formal economy.

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

the opportunity to see the improvements in the household living standards of extremely impoverished women in East Africa and the chance to put my own initiatives on global povery into action.

The kinds of staff and volunteers that I met were...

Committed, creative and easy to work with.

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

Launch loan programs in thousands of rural villages across east Africa and alleviate poverty.

Ways to make it better...

I hadd more time to devote to running more hands on projects for the prganization.

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

managing skyrocketing growth in the demand for its services.

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

This is a 100$ volunteer organization that has acheived well documented results by teaming intelligent women here in the US with their coutnerparts in rural Africa who just need a small amount of capital to get started.

How frequently have you been involved with the organization?

About every week

When was your last experience with this nonprofit?

2008

Role:  Volunteer & I helped fund and administer the first loans to impoverished women in Uganda and helped found the organization.