One of the first institutionalized examples of impact investing was microfinance. Pioneered by Nobel Prize winner Muhammad Yunus, microfinance brings financial services to unbanked and underserved populations. Since its inception in the 1970s, the industry has experienced rapid growth and is estimated to currently serve over 100 million customers.
The promise of microfinance is one of empowerment – empowering low-income women and men through access to financial services to save, invest, and grow their businesses and to build assets.
Former FWA President Lenore Albom understood the power of microfinance in regards to how it can transform women’s lives, and her legacy continues through The Lenore Albom Microfinance Giving Program. In Lenore’s honor, the FWA has raised close to $100,000 for microfinance organizations – a fitting tribute to a visionary leader who initiated the FWA’s involvement in the industry.
With the funds raised in Lenore’s memory, the FWA has:
- Helped Women’s World Banking fund the purchase of a bank in the Dominican Republic
- Contributed to scholarships received by women leaders of overseas MFIs to attend executive leadership training seminars organized by Women’s World Banking and ACCION
- Supported the rebuilding of Haiti through Fonkoze, USA.
For information about this exciting program, contact Nelun deS. Wijeyeratne at firstname.lastname@example.org or Patricia Addeo at email@example.com
Three ways to donate to the FWA’s Lenore C. Albom Microfinance Giving Program:
Donate Online: Please click here to go to a secure donation form.
Donate by Check: Please make checks payable to the “FWA of New York Educational Fund”* and note “FWA Lenore C. Albom Microfinance Fund” in the memo field. Mail checks to:
FWA Educational Fund
Attn: Lenore Albom Fund
215 Park Avenue South, Suite 1712
New York, NY 10003
Matching Gifts: Also, many companies match employee donations. Please check with your personnel department to see whether your firm has a corporate gift matching policy that will enable your gift to go further.
*Contributions to the FWA of New York Educational Fund, a 501(c)(3) charitable organization, may be considered as a tax deductible donation.
For questions on donations please contact Jennifer Openshaw, Executive Director at firstname.lastname@example.org.