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Home > Find a Project > Bosnia and Herzegovina > Economic Development > Give Microcredit Loans to Women in Bosnia

Give Microcredit Loans to Women in Bosnia

Summary

Women for Women International’s Microcredit Lending Program in Bosnia provides small business loans to women survivors of war so they can move from victim to survivor to active citizen. progress reportread updates from the field


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More Information About this Project

Project Needs and Beneficiaries

With a current unemployment rate of approximately 40% for the country overall, and 45% for women, very few formal sector employment opportunities exist for women in Bosnia and Herzegovina. Coupled with an extremely high rate of social isolation, women more than ever need substantial support to build social networks and become active members of their communities. Creating immediate and long-term economic opportunities for women has a proven stabilizing effect on the country and the economy.

Activities

Women attend business classes, write a business plan and receive a loan to launch a small business. After receiving the loans, women meet monthly with a loan officer to make payments, receive training and discuss business strategies.

Funding Information

Total Funding Received to Date: $19,435
Remaining Goal to be Funded: $980,565
Total Funding Goal: $1,000,000

Additional Documentation

This project has provided additional documentation in a Microsoft Excel file (projdoc.xls).

Resources

Why this Project is Important

Potential Long Term Impact

To rebuild communities, women need the economic resources to support their families. Women launch businesses that provide the resources to feed their families, build homes and send their kids to school -- building stronger, more peaceful nations.

Project Message

"We made some profit and bought a vehicle. We used it to transport produce to the market. Then we turned it into a mobile market. We had permanent customers and business was growing."
- Envera, Microcredit client in Bosnia and Herzegovina

Who is Running This Project

Contact

Lateisha Garrett,
Project contact
4455 Connecticut Avenue, NW
Suite 200
Washington, DC 20008
United States
202-737-7705
Email:

Project Sponsor

Women for Women International

Organization

Women for Women International
4455 Connecticut Avenue
Suite 200
Washington, DC 20008
United States
202.737.7705
http://www.womenforwomen.org

Learn more about Women for Women International and the project team.


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Where this Project is Located

Country

This project is located in Bosnia and Herzegovina and can also be found under Economic Development.

For more information about Bosnia and Herzegovina, read the Human Development Report on Bosnia and Herzegovina or the Wikipedia entry for Bosnia and Herzegovina.

When this Project was Updated

Last Updated

This project was last updated on June 08, 2007.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on December 22, 2006.

Latest Update from the Field

Microcredit Loans Help Bosnian Women

By Women for Women International - Project Sponsor, June 08, 2007 12:17 PM

Letter from Zainab Salbi, President and CEO of Women for Women International:

Zeynapa is a survivor of the Srebrenica massacre in Bosnia and Herzegovina in 1995. Her husband was in a concentration camp for two years. By the time he was released, he was severely handicapped from the beating and torture he endured. The war left Zeynapa vulnerable. She lost her home, her stability and the health of her husband. Zeynapa told me about her teenage son and young daughter. She was an internally displaced person when we first met years earlier at the women’s center. “I was so eager to join Women for Women International when I first learned about the organization. I had nothing at the time. My family was sleeping on cardboard. But what worried me the most was my son. I did not want to fail him as a mother. I wanted to make sure that I provided him with a decent life. I was so afraid that he would be tempted to steal if I couldn’t give him the very basics. That was my nightmare. I didn’t want my son to be a thief. I wanted to be a good mother and to provide for my children a decent life.” With tears in her eyes, Zeynapa said, “Everything is okay now. Everything is okay.”

After graduating from Women for Women International’s sponsorship program, she secured a loan through our microcredit program. Zeynapa bought a cow with the first loan, then a second and a third, and when she had seven cows, she was able to sell them and buy a small home. She now runs a family business with her husband, who has since recovered from his injuries. She has been working with cows, sheep and chickens. Zeynapa taught me that we can talk about aid, charity and assistance as much as we want, but at the end of the day, women want the dignity to provide for themselves, to stand on their feet and to be good mothers that can provide a decent living for their children. I learned that our work is never complete if it does not include tangible opportunities to provide jobs for the women we work with. This is why business training and vocational skills training is seen as a crucial part of our work for the women we serve. The training is a major part of the one year program provided to each sponsored woman. We are also constantly exploring opportunities that can create more jobs and more income for the women we serve. For some, that means access to a microcredit loan to start a small business, for others it means being able to sell their products in a cooperative organized by the organization. For someone who has lost loved ones, a home and a support network during war, a drop of hope for a better future means the whole world to them. This is why Women for Women International believes that we must deliver on every word we promise to help move women from victims, to survivors, to active citizens. Anything less is cruel and unfair. It is necessary to address women’s economic needs in order for women to make this transition. This transition is not only for the welfare of the woman and her family, but for the ability to stabilize communities and countries, economically politically and socially. This is why we integrate rights awareness trainings with the vocational and business trainings. When women gain economic independence and access to resources, it is also crucially important to increase their negotiating power within the household and let them know that they have the right to make decisions that impact their families.

-- Zainab Salbi

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