Welcome to Women’s Microfinance Initiative
WMI’s mission is to establish village-level loan hubs, administered by local women, to provide capital, training and support services to rural women in the lowest income brackets in East Africa so that they can engage in income producing activities.
How It Works! – The WMI Loan Program Overview
WMI celebrates 5th anniversary with new video by Local Director, Olive Wolimbwa, discussing WMI’s 5 year impact.
WMI is a participating member of CFC. We welcome your contributions! WMI’s CFC number is 40340.
Goal: WMI’s goal is to help women build assets so that they can stabilize their income, raise their standard of living and reorient themselves and their families. WMI’s small loans bring big changes to impoverished women, who use the money to build small businesses. With pro bono legal assistance from the law firm of Baker & McKenzie in New York, WMI issued its first microloans in January 2008. By January 2016, it had issued 25,000 loans totaling $3.5 million to women in more than 1,000 villages. WMI has developed a unique economic model to transition women to institutional banking and the formal economy in 24-months. Loan funds are recycled so that the program becomes self-sustaining. WMI is making financial inclusion a reality for village women in East Africa.
Triple Bottom Line Impact of WMI
Robyn Nietert, WMI’s President, talks about WMI’s triple bottom line impact from WMI’s first loan hub in Buyobo, Uganda.