Microloans for 400 poor women in rural Uganda
Summary
Self-perpetuating mirofinance initiative issuing collateral-free, interest-bearing loans, for as little as $50, to poor women in rural Uganda so they can start businesses to support their families.
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More Information About this Project
Project Needs and Beneficiaries
WMI is tackling global poverty and the disenfranchisement of illiterate, impoverished women. Launched in 2008 in rural Buyobo, Uganda, WMI has provided nearly 700 microloans to chronically poor women, many supporting AIDS orphans. Borrowers start tiny businesses and use their profits to pay for school fees, food and healthcare. Communities benefit as borrowers hire helpers and advocate for local improvements. WMI will extend its credit program to more women in adjacent villages.
Activities
WMI will pre-screen, qualify, train and issue loans of $50 - $150 to 400 impoverished women to start new businsses. WMI will organize weekly borrower meetings, conduct periodic site visits, and provide ongoing business training and counseling.
Funding Information
Total Funding Received to Date: $26,730
Remaining Goal to be Funded: $13,270
Total Funding Goal: $40,000
Additional Documentation
This project has provided additional documentation in a PDF file (projdoc.pdf).
Resources
- Project's External Homepage (http://wmionline.org)
- Fact Book of WMI loan impact on poor households (http://www.wmionline.org/dataanalysis/loanprogram/factbook.pdf)
- Power Point of WMI program launch 2008 (http://www.wmionline.org/media/Microsoft%20PowerPoint%20-%20Jan%202008-40slide1.pdf)
- The Road to Buyobo: Video of Buyobo Project (http://www.youtube.com/watch?v=5oMjsAuz2lk)
- Poverty in rural Uganda (http://www.ruralpovertyportal.org/english/regions/africa/uga/index.htm)
Why this Project is Important
Potential Long Term Impact
Empowering women living in desperate poverty in rural Uganda promotes in-country development from the bottom up. Women become involved in grass roots movements and advocate for far-reaching social and economic changes in their own country.
Project Message
Microfinance programs can serve as the catalyst that will transform the vulnerable women of Uganda from living below the poverty line to making an income to support themselves and their families.
- Allen Kagina, Head of Uganda Revenue Authority
Who is Running This Project
Contact
Robyn Nietert
President
8609 Fenway Drive
Bethesda, Maryland 20817
United States
301 520 0865
Email:
Project Sponsor
Organization
Women's Microfinance Initiative
8609 Fenway Drive
Bethesda,
MD
20817
United States
301 520 0865
http://www.wmionline.org
Where this Project is Located
Country
This project is located in
Uganda
and can also be found under
Microfinance.
For more information about Uganda, read the Human Development Report on Uganda or the Wikipedia entry for Uganda.
When this Project was Updated
Last Updated
This project was last updated on November 13, 2009.
Date Added to GlobalGiving
This project was added to the GlobalGiving project catalog on October 17, 2008
Latest Update from the Field
Postcard from WMI
By Alexis Nadin and Brian Banks - Visitors, May 14, 2009 08:54 AM
The first thing we noticed about WMI was the brilliant smiles and joyous expressions on the faces of the nearly 200 women who greeted us. Shortly after our arrival, we were whisked off to see how construction is coming on the soon to be opened WMI office. This space, funded in part by GlobalGIving, will provide an office for WMI, a location for loan disbursement, and a much needed meeting space to replace the tent they now use. We paraded, en masse, out of the hall and down the main street to see the borrowers’ businesses. With nearly 200 women, parade is no overstatement; there was singing, dancing, and even crowds lining the street to watch the commotion. We tasted chapatti (a local snack) at one woman’s restaurant, we eyed the selection of another woman’s used clothing store, we peered into yet another woman’s general store, and so much more. All of these businesses have benefitted from the loans GlobalGiving has supported.
In talking to several of the women, we began to see the impact GlobalGiving funding has had on their lives. Camida Wasukira, one of the first women to receive a loan from WMI, runs a restaurant with her husband. In January of 2008, she took her first loan of just $100. She invested her loan in her business, and doubled her monthly income. She has reinvested some of her business’ profits by buying a cow, whose milk she uses in her restaurant. Aside from newly started savings, the rest of her profits have benefitted her family. Her 4 children used to go to school barefoot and hungry. Today, she is able to pay school fees, purchase shoes, and feed her children three nutritious meals a day. Other women told us they can now afford medications for their children, employ others (in so doing extend the impact of WMI), and for the first time in their lives, they can even buy personal items, such as shampoo. There is no doubt that WMI is making a substantial impact in the lives of these women, and through them, their community as a whole.
During our visit we came to find that WMI is a very special organization. Unlike many similar projects, WMI provides valuable training on saving, record keeping, and budgeting. The success of the organization can be seen in their 100% repayment rate among the 200 members. WMI hopes to expand their program, and provide these invaluable loans to many more women. Be sure to keep your eyes out as they post more on GlobalGiving.
When asked what they would tell their friends about this project, Alexis and Brian said, “Incredible: You need to see this!”
Pictures:
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