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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Opportunity and HopeOver 25 Years of Putting Dreams to Work
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Development that is not Engendered – is Endangered…
Women are 70% of the world’s 1.3 billion absolute poor
Women are sole earners in 40% of world households
Women hold 21% of Parliamentary seats worldwide
Women are 48% of the world’s 15.4 million refugees
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
The Global Economy NEEDS the other 51% (women!)
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Investing in Women Pays Dividends:
Women worldwide are more likely to…
Put their income back in their community
Drive literacy
Push mortality rates down and gross domestic product up
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Investing in Women Pays Dividends:
Former Secretary Hillary Clinton has said,
“There is no doubt, that the increasing numbers of women in the economy… has fueled significant growth everywhere. And the economies that are making the shift more effectively and rapidly are dramatically outperforming those that have not.”
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Women and Economics in the U.S.: Women’s Assets
28% women in the U.S. outearn their husbands (1 in 4)
Women equal 43% of Americans with assets greater than $500,000
Women earn 40% of the world’s GDP
Women own 60% of all assets in the United States
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Women’s Economic Market
In the U.S., women control….
80% of household spending
81% of retail sales
82% of grocery sales
And are responsible for…. 61% of all travel and consumer electronics
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Women of Influence
Women have been the majority of voters in the U.S. since 1964
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Women in Business
8.6 million women owned business in the United States
Women owned business generate $1.3 trillion in revenues and employ 7.8 million people
Women-owned firms are exceeding overall sector growth in eight of the 13 most populous industries
The relative strength of million-dollar women owned firms is greater now than a decade ago.
Source: 2013 State of Women Owned Business
Report by American Express OPEN
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Experts predict that by 2018, women’s businesses will create more than half of the new small business jobs and a third of the nation’s total new jobs. Beyond that, anything is possible.
Credit: Library of Congress
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Particularly for women
Economic Independence Sheds Light on the World
Transformation about freedom
Transformation about power
Transformation about abundance
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Strategic Planning
Who We Are:The Wisconsin Women’s Business Initiative Corporation (WWBIC) is a
leading innovative statewide economic development corporation “Putting Dreams to Work.”
Who We Care About: We focus on individuals who face barriers of traditional means.
What We Do: We open doors of opportunity by providing targeted individuals who are
interested in starting, strengthening or expanding businesses with access to necessary resources and tools such as quality financial and business education,
and responsible financial products
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Strategic Planning Our Social Goal:
Indicators of Social Goal: • Job Creation• Businesses Started, Expanded, or Strengthened• Increased Individual Income• Increased Assets (personal and business)• Higher Credit Scores Macro Impact:• Individual Achievement of Personal Financial and Entrepreneurial Goals• Increased Individual Financial Acumen• Economic Self-Sufficiency through Less Reliance on Public Assistance• Community Stabilization through Business and Home Ownership• Social Responsibility
Improve the economic well-being of targeted individuals by building assets and advancing self-
sufficiency.
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
WWBIC Social PerformanceMeasurement and Impact
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Social Goal and Indicators
“Improve the economic wellbeing
of targeted individuals by
building assets and advancing self-
sufficiency.”
Job Creation
Businesses Started,
Expanded, Strengthened
Increased Individual
IncomeIncreased Assets
Higher Credit Scores
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Statewide economicdevelopment organization
501(c) 3; founded 1987
Offices in Milwaukee, Madisonand Racine/Kenosha
Local, Regional, National andInternational Partnerships
Emphasis: women, low-wealthindividuals, people of color
Wisconsin Women’s Business Initiative Corporation (WWBIC)
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Mission
Quality Business Education
Access to Fair Capital
Economic Self-Sufficiency
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
ChallengesThe Next Generation of Microfinance Leaders
Need a strong commitment to education
Need to elevate pay and secure pay equity for women
Need managerial experiences
Need healthy entrepreneurship spirit
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
SuccessesThe Next Generation of Microfinance Leaders
WWBIC businesses successfully growing and giving back to WWBIC
WWBIC businesses sharing their talent and time with WWBIC
WWBIC businesses speaking on behalf of the industry
WWBIC Team – our employees and their Professional Development
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
You Can Make a Difference
Time
Talent
Treasure
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Thank You
#17MCSummit
17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
President/ CVOThe Wisconsin Women’s Business Initiative Corporation
National Member Association of Enterprise Opportunity
Opportunity Finance Network The Association of Women’s Business Centers
SBA National Advisory BoardOffice Depot Women’s Advisory Board
National Business Incubation AssociationConsumer Federation of America – America Saves
Wendy K. Baumann
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
Thank YouPlease call with any questions.
A member of the WWBIC Staff will be more than happy to assist you.
Milwaukee / West AllisPhone: 414-263-5450
South CentralPhone: 608-257-5450
SoutheastKenoshaPhone: 262-654-1234 ext. 114
RacinePhone: 262-925-2850
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17TH MICROCREDIT SUMMITGENERATION NEXT: INNOVATIONS IN MICROFINANCE
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