Wisconsin Microfinance provides small loans to those living in extreme poverty, primarily in geographies recovering from natural disasters.
The organization was founded in 2010 by Tom Eggert a now-retired professor at the University of Wisconsin, Gergens Polynice. a student of Tom's at the time from Haiti, and a group of concerned University of Wisconsin students. A major earthquake hit Haiti in January, 2010, and the students in Tom’s class wanted to know how they could directly help families impacted by the earthquake. Tom had been teaching about the power of microfinance for many years, and here was an opportunity to put those lessons to practice. Working with an economic development group in Haiti, a microfinance program was born with startup capital of $3,000. The program has grown and expanded ever since, becoming a 501 (c)(3) organization in 2017.
Estimated Amount Circulated
Of borrowers are women
What makes us unique
It's a loan, not a donation.
We believe lending is one of the most powerful and sustainable ways to create economic and social good. Donations to Wisconsin Microfinance that are turned into small loans create a partnership of mutual dignity and make it easy to touch more lives with the same dollar. Fund a loan, when the money is repaid, your donation funds another.
By donating as little as $25, anyone can help a borrower start or grow a business and realize their potential. 90% of every dollar you donate to Wisconsin Microfinance goes to funding loans. Wisconsin Microfinance covers administrative costs through taking 10% of each donation and soliciting donations specifically for administrative costs. All employees of Wisconsin Microfinance are volunteers.
Wisconsin Microfinance creates the opportunity to play a special part in someone else's story. It’s amazing what a difference in someone’s life a $25 or $50 loan can make.
Lifting one, to lift many.
When a Wisconsin Microfinance funded loan enables someone to grow a business and create opportunity for themselves, it creates opportunities for others as well. That ripple effect can shape the future for a family or an entire community.