Financial Information

Click here -> Snapshot of WMI loans as of January 2012

Click here -> 2010 Annual Report

Click here -> 2009 Annual Report

Click here -> 2008 Annual Report

2010 Program Accomplishments

  • IN 2010 WMI issued 980 loans amounting to $148,000. To date WMI has issued 1,660 loans. In January 2011, WMI will make its 2,000th loan.
  • Within the first 6 months of entering the loan program, 80% of borrowers doubled their incomes and their savings rate. They reported feeling more self-confident and organized. Reports revealed that families are pulling together to support the businesses and husbands are helping their wives not just with their businesses, but with household chores as well. Children are eating more nutritious food and school fees are being paid.
  • Expansion-wise, WMI added 5 new village hub locations to its Buyobo, Uganda headquarters location, expanding into Kenya for the first time.
  • In program development, WMI graduated its first group of borrowers to PostBank issued loans which are guaranteed by WMI. In January 2011, the first borrowers will move on to independent borrowing, completing the cycle of WMI's 36-month transition to independence program.
  • On the fundraising front we have had our best year, raising over $170,000. Added to the totals of $57,000 for 2008 and $106,000 for 2009, the grand total for funds raised to date is over $326,500 for program operations.
  • WMI was fortunate to have 10 talented college interns in Bethesda this summer and their research and data analysis provided a wealth of information on how the WMI loan program is changing lives. The fall project in Buyobo included a detailed survey of WMI's most experienced borrowers and, for the first time, lengthy face-to-face interviews with borrowers. Copies of the new Fact Books are available at wmionline.org.
  • WMI sponsored 22 volunteers (all of whom paid their own expenses) in Buyobo this year, including the 14 summer interns from Walt Whitman High School in Bethesda, MD.
  • This year saw the addition of an Internet Cafe in Buyobo, complete with lap tops donated by Discovery Communications. PostBank donated a high quality copier/scanner/fax so that the WMI building is now a full-service telecom outpost for borrowers and villagers alike. Utility electricity was also added to the WMI building in Buyobo, as well as bathroom facilities.

2010 program Accomplishments