Women’s Microfinance Bududa is a hub for distribution of loans. The women’s group is conducted in partnership with the international not-for-profit organization Women’s Microfinance Initiative (WMI).
Quarterly training on financial literacy and how to grow one’s business are held at Bududa Learning Center for over 80 women throughout the year. Introductory training for new women’s groups are held annually at our Women’s Microfinance Hub in Bududa.
Women’s Microfinance Initiative (WMI) is a non-profit organization founded by a network of professional women in the Washington, D.C. area. WMI makes loans available to impoverished women who have no access to banking services.
Issuing affordable, collateral-free loans for as little as $50, WMI promotes women’s economic participation and carries the hope of prosperity to poor rural areas of Uganda and Kenya. Microfinance helps the poor grow tiny businesses to generate income that they can use for basic needs, education, healthcare, and savings.*
The WMI distributes loans through village-level organizations and has partnered with Bududa Learning Center to lend money to women in our local program, Women’s Microfinance Bududa (WMB).
In a culture where women’s rights are often restricted, financial independence fills them with a sense of confidence.
Borrowing money here in Uganda is cost-prohibitive, and for the poor, these loans create real opportunities. From making chapattis in the market to establishing their own hair salon, these women are able to run and expand their own businesses. We’re pleased to help empower these women who so desperately need assistance in the developing world.