Our microfinance programs have helped more than a million women work their way out of poverty.
For over 20 years, the Foundation for Women (FFW) has lifted families out of poverty through microcredit globally. Modeled on the Grameen-style micro-lending concept, FFW spearheaded the launch of microfinance in Liberia, bringing a new level of economic empowerment and independence to over 35,000 women since the program’s inception in 2006.
FFW’s microcredit program includes business training, tailored loan products, and business support and coaching for female, and some male, micro-entrepreneurs. Women come together in groups of 30 and apply to FFW for a business loan. A loan product is fit to the unique needs of the business and the entrepreneurs. First-time loans are generally in the range of $100 USD, repaid over the course of 8-12 months. Weekly meetings serve as the repayment venue, but also a time for women to come together to improve their community and to unlock the creative and community-driven potential of these powerful women.
Over the years, FFW’s microcredit program has planted the seeds for extraordinary stories of resilience, innovation, leadership, and empowerment. Together, Liberian women have grown retail businesses, service operations, rebuilt schools, planted community gardens, and supported each other to realize vital household income.