Raised nearly $75,000 from individuals and foundation grants.
Capitalized WMI's revolving loan fund at $50,000, enabling WMI to make loans of $50-$150 to up to 120 women at a time.
Issued the 500th loan.
Increased the pioneer group loan ceiling to $250.
Achieved 100% loan repayment record with no late payments.
Obtained a $20,000 grant from a Washington, D.C. area foundation for program expansion.
Obtained a $7,500 matching grant from Genworth Financial.
Obtained $11,000 in matching funds from Global Giving.
Obtained the donation of 15 lap top computers from Discovery Communications
Completed construction of a shared community building to provide offices for WMI and meeting space for borrower support groups and community events.
Partnered with Discovery Communications to raise $5,000 to install solar panels in the new building.
Continued discussions with banks to develop a unique Transition Platform to graduate experienced borrowers to individual banking.
Developed the outline for a solar panel loan program.
Initiated a fuel efficient stove distribution program
100% of donor contributions directly support the loan program. The WMI Board of Directors, Advisory Board, and legal counsel provide their expertise on a pro bono basis. All U.S.-based staffing, office space and expenses are provided by volunteers or donated.
Two trips to Uganda were made to facilitate loan program operations. Board members Robyn Nietert and Trix Vandervossen traveled in January at their own expenses to assist with the first loan distribution of 2009. In May, two college interns spent a month in the village helping improve loan program operations.
In addition to providing pro bono legal counsel, the law firm of Baker and McKenzie plays an active role in supporting WMI's growing outreach efforts.
