WIL’s Visible Impact: Women empowering women globally through microfinance.
How $157 Can Change an Entire Family’s Life!
Sandra del Carmen Jaime Romero lives in Chinandega Nicaragua, one of the communities where WIL funded a village bank. Sandra, a single mother, could not make ends meet with two jobs—one cleaning houses and the other selling firewood. With a $157 loan and business training through the NGO selected by TIAW, WIL’s funding partner, Sandra purchased household goods, opened her own business, a small convenience store and began a new life.
In Sandra’s words, “Pro Mujer’s business training, teaches how to manage my money and how to create a business plan. . .I have learned about women’s rights and how to take care of my daughter’s health. I am also learning how to be a leader. I was elected to be president of my communal bank! All the women in my group respect each other and want each other to succeed. My living conditions have changed. I have earned enough recently to pay the school fees for my daughter—I want her to get an education. I will keep growing my business and improving my family’s life.”
Village Banks Improve Women’s Lives
Results: Since 2008, WIL has funded fifteen Village Banks in Guatemala, Mexico, Nicaragua, South Africa, Ghana, Haiti, Tanzania, The Philippines, Dominican Republic, Kenya, Cambodia and Uganda. We are now on to our 16th bank!
- Perpetual Impact: Women pay back loans at a rate of 97% so banks can make new loans every 9 – 12 months, giving additional women the opportunity to improve their lives.
- Additional Benefits: With these loans, women generate additional money to feed, clothe and send their children to school.
- Even More Benefits: Micro enterprise empowers loan recipients to become role models and leaders in their villages.
How Microfinance Works
- Micro Finance increases economic security for very poor women earning less than $2 / day with small loans for home based business enterprises.
- Each village bank loans $5,000 to 15-20 impoverished women to start or expand a business.
- 97% of the loans are repaid and these funds then become available for additional lending.
Remembering Andrea Broad
Andi was an energetic and active member of WIL since its inception 10 years ago. She chaired the travel committee and served on many of WIL’s committees as well as a position on the Board. Andi was a compassionate and passionate advocate for WIL and so many other community causes. The next village bank will be established in her memory. Donations are being accepted now for the “Andrea Broad Village Bank.”
Make a Donation for a Village Bank
Contribute as much or as little as you like. Every dollar you donate empowers women to become economically independent community leaders and contributors.
You can donate by:
- Credit card or PayPal on the right side of this page.
- Check payable to “WIL of Greater Philadelphia,” with a notation that the donation is for “Village Bank,” mailed to:
WIL of Greater Philadelphia
c/o Bobbi Cohen
1901 JFK Blvd., #1208
Philadelphia, PA 19103
WIL tribute donation cards are now available to make a donation in honor of a friend, co-worker, or loved one, or in memory of someone. You can specify the recipient for the card, including address and the occasion being acknowledged, when making a donation. Please contact Laurie Rosard for additional information. Proceeds go to fund a Village Bank.
Micro Finance Committee
Madeleine Champion, Co-Chair
Carolyn Schlecker, Co-Chair
WIL in Cuba 2014
Members visit a school room.
…and a cigar roller.
WIL in Haiti
In October of 2012, a group of WIL members traveled to Haiti to visit Fonkoze Bank and see microbanks at work.
Faces of Haiti
We Thank Our Donors for their Generous Support
The Mistler Family Foundation – Uganda Village Bank
The Patricia Kind Family Foundation Grant – Sierra Leone Bank
KPMG – in kind donation