And that means is that your donation to the Foundation For Women microcredit program is a never-ending philanthropic investment, since FFW micro loan funds are recycled again and again to help eliminate poverty.
The Foundation for Women serves the poorest women locally and globally by creating and funding microcredit programs. FFW is the registered microcredit operator in San Diego (USA) and Liberia (Africa).
Foundation for Women, San Diego is the only microcredit organization in the United States using the Grameen method (developed by 2006 Nobel Peace Prize laureate Muhammad Yunus), reaching the poorest of the poor with loans as small as $100 and requiring prospective borrowers form groups of 5 that meet weekly. The model promotes successful repayment and savings. At least 100 groups of poor San Diego women have built their own microenterprises with FFW loans. Through its partner agencies that serve these communities, the Foundation for Women receives referrals for potential borrowers.
Foundation for Women, Liberia is the leading provider of microcredit loans in the country and has played a fundamental role in helping rebuild the nation's economy after 15 years of civil war. To date, the program has provided small loans to over 1000 borrowers. Visit Liberian Women: The Photo Project blog -- complete with stunning photos -- and see how FFW is eliminating poverty in Liberia.
Microcredit loans by the Foundation for Women provide an entrepreneurial pathway to economic self-sufficiency for women living in poverty.
Every microcredit loan participant:
Borrowers come together to form groups of 5 women. Each group assumes responsibility for repaying the loan of each of its
Members - assuring mutual support and shared accountability
FFW professionals provide instruction about finance and business principals, and guide implementation of business plans developed by microcredit borrowers.
