Give Microcredit Loans to Women in Bosnia

Loans for Bosnian women

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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Received $21,077 from 88 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: $21,077
Remaining Goal to be Funded: $978,923
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

Shannon O'Donnell
Online Marketing Manager
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

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 May 13, 2009.

Date Added to GlobalGiving

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

Latest Update from the Field

New Defenition of a Business leader

By Shannon Madlin - Online Marketing Manager, April 18, 2009 05:27 PM

Meryl Streep narrates a film about Women for Women International's programs in war-torn countries empowering women to rebuild their lives. Rights awareness training, job skills education and microcredit loans enable women to sustain an income after graduating from the program - some starting their own businesses. They are the new definition of a business woman.

Links:

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