Foundation for Women in Liberia (www.foundationforwomen.org)

Description

FFW Microcredit offers women in poverty – locally and globally – the opportunity to improve life for themselves and their families. Microloans make a huge difference! Using the Nobel Prize-winning Grameen method, the Foundation provides lessons in financial and business management during the 25-week loan cycle. Meeting weekly, the women support each other and learn while they make loan payments and deposits to their personal savings accounts. The loan repayments rate is 99% locally and globally.
Each Foundation for Women microcredit participant:
• Acquires essential capital with which to start a business
• Creates a business plan
• Uses her loan to buy materials and equipment, or promote her business
• Establishes a personal savings account – probably her first ever
• Establishes credit history by repaying her loan on time
• Qualifies for a renewal loan, perhaps at a higher level
• Successfully builds her business, perhaps hiring employees
• Gains education in financial and business matters
• Builds support among other women in her borrowing circle
• As each borrower builds her business, she improves living standards for herself and an average of five other people, primarily family members.

Because of your generous support, the Foundation for Women will reach more entrepreneurial women with loans of $100 to $1000. With her business plan and this tiny loan a woman can:
• Buy beads and make jewelry
• Buy cornmeal, meat and make tamales
• Purchase grain in large quantities to repackage in smaller amounts to sell at the market
• Get a phone and become the pay phone for her neighbors
• Buy supplies and start a hair-braiding business, eventually reaching her goal of buying her own salon business

Mission Statement

Mission Statement
The Foundation for Women (FFW) serves impoverished women locally and globally by funding and creating microcredit programs.