The Visible Impact of Women Empowering Women Globally
Village Banks Improve Women’s Lives
Since 2008, WIL has funded 19 village banks in Guatemala, Mexico, Nicaragua, South Africa, Ghana, Haiti, Tanzania, The Philippines, Dominican Republic, Kenya, Zimbabwe, India, Uganda, Afghanistan, Ecuador and Sierra Leone. We add more banks every year!
$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.