Give Microcredit Loans to Women in Bosnia
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Summary
Women for Women Internationals 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.
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Received $19,435 from 50 donations from people like:
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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
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 womens 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 couldnt give him the very basics. That was my nightmare. I didnt 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 Internationals 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 womens 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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