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Womens Microfinance Initiative

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261384627 ✦ Bethesda, MD ✦ Designated as a 501(c)(3)

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Overview

What is Womens Microfinance Initiative?

The Women's Microfinance Initiative is a nonprofit organization that provides various programs to empower women. Their offerings include an internship program, comprehensive training for borrowers, and a microfinance loan service. These resources are meticulously detailed in attachments 5, 6, and 2 respectively. The aim of these programs is to foster financial independence and competence among women, thereby contributing positively to their socio-economic wellbeing.


Official website here: www.wmionline.org

What do the Facebook reviews say about Womens Microfinance Initiative?

100% of reviewers on Facebook recommend the Women's Microfinance Initiative based on 9 reviews. Here is a summary of their insights:

Reviewers express strong appreciation for the impactful work being carried out. Many highlight the organization's commitment to empowering individuals by providing essential resources that enable self-sufficiency. The sentiment reflects a deep respect for the initiative's role in fostering community support and development.

Overall, individuals feel that the Women's Microfinance Initiative genuinely delivers on its mission to assist those who are willing to uplift their circumstances through hard work and resourceful assistance. This creates a positive endorsement of the organization's efforts and effectiveness in driving meaningful change.


This AI summary has been generated from reviews found on Facebook.

Is Womens Microfinance Initiative legitimate?

Womens Microfinance Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Womens Microfinance Initiative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.wmionline.org

What is the mission statement of Womens Microfinance Initiative?

The Women's Microfinance Initiative is dedicated to providing various services aimed at empowering women. This includes an intern program, borrower training and administration, and a microfinance loan program. These initiatives are designed to support women financially and equip them with necessary skills, as detailed in attachments 5, 6, and 2 respectively. The organization's mission, however, is not explicitly stated in the provided information.


Official website here: www.wmionline.org

Who is the CEO of Womens Microfinance Initiative?

Robyn G Nietert is the President of Womens Microfinance Initiative.


Official website here: www.wmionline.org

What is the revenue of Womens Microfinance Initiative?

Womens Microfinance Initiative's revenue in 2022 was $268,730.


Official website here: www.wmionline.org

Who are the executives of Womens Microfinance Initiative and what are their salaries?

There 25 volunteers at Womens Microfinance Initiative.


Here are 7 key members and their salaries:


Robyn Nietert (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jane Erickson (First Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Gordon (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teresa Ciccotelli (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Smith (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
June Kyakobye (Special Advisor For The Buyobo Project)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beatrix Van Der Vossen (Recording Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wmionline.org

Where can I find the form 990 for Womens Microfinance Initiative?

Womens Microfinance Initiative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wmionline.org

Learn more at the official website: www.wmionline.org

Mission Statement of Womens Microfinance Initiative

Women's Microfinance Initiative is an organization committed to empowering women through various programs. Their primary offerings include an internship program, training sessions for borrowers, and a microfinance loan program. These services are meticulously detailed in attachments 5, 6, and 2 respectively. The intern program provides an avenue for individuals to gain practical experience, while the borrower training and administration help women effectively manage their finances and loans. The microfinance loan program, on the other hand, offers financial assistance to women, thereby enabling them to start or grow their businesses. By providing these services, Women's Microfinance Initiative aims to contribute to women's financial independence and self-sufficiency.

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Impact




October, 2024

Womens Microfinance Initiative significantly influences women's empowerment and economic development through its targeted programs. By offering an intern program, borrower training, and a microfinance loan program, it equips women with the tools and knowledge necessary to start and grow their own businesses.

The intern program nurtures future leaders in the microfinance sector, providing practical experience and insights into effective lending practices. Borrower training and administration ensure that participants are well-prepared to manage loans effectively, enhancing their financial literacy and business acumen. This holistic approach not only fosters individual success but also contributes to community resilience and economic growth.

Through these initiatives, Womens Microfinance Initiative enables women to gain financial independence, improve their livelihoods, and positively impact their families and communities. Overall, the organization plays a pivotal role in promoting gender equality and sustainable development.




This information is meant to be a general summary of Womens Microfinance Initiative. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$268,730 (2022)
Expenses
$227,589 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $103
  • Gross Receipts: $268,730

Assets and Liabilities:

  • Total Assets: $332,541
  • Total Liabilities: $127
  • Net Assets: $332,414

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Organization Details

Founding Year

2007

Principal Officer

Robyn G Nietert

Main Address

8609 FENWAY DRIVE, BETHESDA, MD, 20817

NTEE Category

Code: T990 - Philanthropy

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