The Visible Impact of Women Empowering Women Globally
Village Banks Improve Women’s Lives
$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 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, taught me 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.”
How Microfinance Works
Increase Economic Security
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 has $5,000 to make small loans 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.
Even More Benefits
Micro enterprise empowers loan recipients to become role models and leaders in their villages.