Women's Microfinance Initiative Corporation

Women's Microfinance Initiative Corporation

PO Box 485, Cabin John, MD, 20818, US

WMI provides a comprehensive loan program called the "Transition to Independent Banking Program" that offers impoverished, rural women business loans in a highly structured environment. Borrowers in 20-member solidarity groups cross-guarantee each other's loans; they receive skills and business training, peer mentoring, technical support, on-site followup and on-going access to resources. Each WMI loan hub location is managed and administered on the ground by a woman-focused, village-level, local partner that is registered as a community based organization (CBO). After 24 months (four loans), successful WMI borrowers are promoted to bank loans issued by WMI's partner banks. WMI continues to provide training and support services.

EIN261384627
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