Mission and Goals

Women's Microfinance Initiative (WMI) is a non-profit organization founded by a network of professional women in the Washington, D.C. area.

Through its local partners, WMI provides funding to make small loans available to impoverished women who have no access to banking services. By funding affordable, collateral-free loans for as little as $100, WMI promotes women's economic participation and carries the hope of prosperity to poor, rural areas of Uganda, Kenya and Tanzania. Microfinance helps the poor grow tiny businesses to generate income that they can use for basic needs, education, healthcare, and savings. After two years in the WMI village-level loan program, women can become self-financing, apply for larger loans, or transition to more formal lending institutions. They have achieved a track-record of operating their small business and have developed financial skills that help them navigate the formal economy.

WMI distributes loans through village-level organizations and works with these partners to develop social outreach networks.

WMI is a transparent, home-grown, non-profit organization dedicated to promoting non-exploitive lending practices. It has no debt and minimal overhead costs: U.S.-based board members and interns are volunteers: WMI does not employ any full-time staff.

Mission

WMI's mission is to establish village-level loan hubs, administered by local women, to provide capital, training and support services to rural women in the lowest income brackets in East Africa so that they can engage in income producing activities.

Goals

WMI's goal is to help women build assets so that they can stabilize their income, raise their standard of living, and reorient themselves and their families.

WMI-funded small loans bring big changes to impoverished women, who use the money to build small businesses. With pro bono legal assistance from the law firm of Baker & McKenzie in New York, WMI issued its first microloans in January 2008. By the end of 2025, WMI had funded over 100,000 loans to rural women.

WMI has developed a unique economic model to transition women to the formal economy in 24-months. Loan funds are recycled so that the program becomes self-sustaining. WMI is making financial inclusion a reality for village women in East Africa.