2025-02-28T09:53:26-08:00 2024-12-31 421585901 NANETTE K MILLER CPA PC 2450 VIRGINIA AVE NW E309 WASHINGTON DC 20037 990 2024-01-01 261384627 WOMENS MICROFINANCE INITIATIVE WOME 3015200865 8609 FENWAY DRIVE BETHESDA MD 20817 ROBYN G NIETERT PRESIDENT 3015200865 2025-02-10 true true NAN MILLER CPA P00620061 2024637600 2025-02-28 X 2024 2025-03-06 01:10:19Z ROBYN G NIETERT 8609 FENWAY DRIVE BETHESDA MD 20817 253793 false X www.wmionline.org X 2007 MD SEE SCHEDULE O. 7 7 0 25 0 0 353550 253697 0 66 96 0 353616 253793 399941 219986 0 0 0 838 23433 25484 423374 245470 -69758 8323 263572 274391 916 3412 262656 270979 X SEE SCHEDULE O. false false 138415 130615 0 MICROFINANCE LOAN PROGRAM - SEE SCHEDULE O. 22892 22892 0 BUILDINGS/INFRASTRUCTURE - SEE SCHEDULE O. 58156 49916 0 SPECIAL PROJECTS - SEE SCHEDULE O 19033 16563 0 INTERN PROGRAM - SEE SCHEDULE O BORROWER TRAINING AND ADMINISTRATION - SEE SCHEDULE O 19033 16563 0 238496 true true false false false false false false false false false false false false false true true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false true 3 0 0 false false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true false true false false false X ROBYN NIETERT 3015200865 8609 FENWAY DRIVE BETHESDA MD 20817 X ROBYN NIETERT PRESIDENT 40.00 X X 0 0 0 JANE ERICKSON FIRST VICE PRESIDENT 5.00 X X 0 0 0 ELIZABETH GORDON VICE PRESIDENT 5.00 X X 0 0 0 TERESA CICCOTELLI SECRETARY 5.00 X X 0 0 0 DEBORAH SMITH TREASURER 5.00 X X 0 0 0 JUNE KYAKOBYE SPECIAL ADVISOR FOR THE BUYOBO PROJECT 5.00 X 0 0 0 BEATRIX VAN DER VOSSEN RECORDING SECRETARY 5.00 X 0 0 0 false false false 20418 233279 253697 96 0 96 253793 0 0 96 219986 219986 2000 0 1760 240 8260 7760 440 60 1163 0 1023 140 BANK CHARGES 1457 840 543 74 LICENSES AND PERMITS 716 0 630 86 COMMUNICATIONS 2023 500 1340 183 PROGRAM EXPENSES - OTHER 9865 9410 400 55 245470 238496 6136 838 171848 182571 91724 91820 263572 274391 916 3412 916 3412 X 262656 270979 262656 270979 263572 274391 8323 X false true X false false X 0 215483 340219 268627 353550 253697 1431576 0 0 215483 340219 268627 353550 253697 1431576 1299 1430277 86 100 103 66 96 451 0 0 1432027 0.99880 0.99820 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 253793 253793 253793 245470 245470 245470 Pt XII, Line 4b IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION 740-10, ACCOUNTING FOR UNCERTAINTY OF INCOME TAXES WHICH CLARIFIES THE ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT OF THE BENEFITS OF INDIVIDUAL TAX POSITION IN THE FINANCIAL STATEMENTS, INCLUDING THOSE NON-PROFIT ORGANIZATIONS. TAX POSITIONS MUST MEET A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT IN ORDER FOR THE BENEFIT OF THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. WMI ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FORTH IN IRC SEC. 501(C) TO QUALIFY AS TAX EXEMPT ORGANIZATION, ACTIVITIES PERFORMED BY VOLUNTEERS AND BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT ORGANIZATION UNDER MARYLAND STATUTE. THE ORGANIZATION IS NOT AWARE OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE ORGANIZATIONS FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. YEARS ENDING ON OR AFTER DECEMBER 31, 2020 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. true Sub-Saharan Africa MICROFINANCE 219986 WIRE 1 false false false false false false Pt I Line 2 PART 1 LINE 2 - RECORDS ARE KEPT, ANNUAL SITE VISITS CONDUCTED, MONTHLY REVIEW OF BANK RECORDS, GRANTEE REPORTING, REVIEW OF WEEKLY LOCAL COORDINATOR REPORTS OF PROGRAM AND LOAN ACTIVITY. Other PART III, LINE 1, MISSION STATEMENT: WMIS MISSION IS TO ESTABLISH VILLAGE-LEVEL LOAN HUBS, ADMINISTERED BY LOCAL WOMEN, TO PROVIDE CAPITAL, TRAINING AND SUPPORT TO RURAL WOMEN IN THE LOWEST INCOME BRACKETS IN EAST AFRICA SO THAT THEY CAN ENGAGE IN INCOME PRODUCING ACTIVITIES. WMIS LONG-TERM GOAL IS TO TRANSITION BORROWERS INTO MAINSTREAM BANKING SERVICES, BUT WITH AN INNOVATIVE AND UNIQUE TWIST. WMI HARNESSES THE BORROWERS COMBINED SUCCESS IN THE WMI LOAN PROGRAM TO COMMAND COMPETITIVE TERMS, INTEREST RATES AND CONVENIENT ACCESS TO INSTITUTIONAL BANKING SERVICES. Other PART III, LINE 4(a)- MICROFINANCE LOAN AND TRAINING PROGRAM WMI OPERATES IN OVER 1,500 VILLAGES IN UGANDA, KENYA AND TANZANIA, THROUGH PARTNERSHIPS WITH REGISTERED VILLAGE-LEVEL WOMENS GROUPS WHO ADMINISTER THE LOAN PROGRAM THROUGH A HUB SYSTEM. THERE ARE A TOTAL OF 6 HUBS OPERATING SEPARATE LOAN FACILITIES. IN 2024, THE LOAN PROGRAMS ISSUED A TOTAL OF 12,236 LOANS TOTALING $1,647,056. Other PART III, LINE 4(b) - BUILDINGS/INFRASTRUCTURE WMI MAKES PERIODIC GRANTS TO SUPPORT COMMUNITY MEETING PLACES AND WMI OFFICE OPERATIONS. IN 2024, GRANTS SUPPORTED THE FUNDING OF A NEW 2-STORY OFFICE, TRAINING CENTER AND AGENCY BANKING FACILITY IN BUYOBO, AND LATRINES TO SUPPORT THE NEW ONE-STORY OFFICE BUISLING IN BUSEESA, UGANDA. Other PART III, LINE 4(c) - COMMUNITY PROJECTS EACH YEAR WMI FUNDS SMALL PROJECTS THAT PROVIDE THE SPARK OR CATALYST NECESSARY TO FULFILL OUR LARGER MISSION. IN 2024 WMI FUNDED TRAINING PROGRAMS FOR A GIRLS EMPOWERMENT PROGRAM (RUKUNDO); ADULT LITERACY AND HEALTH TRAINING (FGM) IN TANZANIA; MENTAL HEALTH COUNSELING FOR WMI BORROWERS (LEWA); MOBILE MEDICAL CLINIC IN TANZANIA; ORPHANS PROGRAM (FOOD DISTRIBUTION) BUYOBO; YOUTH TABLE TENNIS PROGRAM (BUYOBO), AND SUPPORT FOR A MATERNITY CLINIC AT BUSEESA. Other PART III, LINE 4(d)(1) - INTERN PROGRAM WMI HAS A FORMAL COLLEGE INTERNSHIP PROGRAM FOR TWO MONTHS DURING THE SUMMER IN OUR BETHESDA OFFICE AS WELL AS AT SITE LOCATIONS IN UGANDA, TANZANIA AND KENYA. INTERNS CONTRIBUTE TO THE COST OF THEIR TRAVEL, ROOM AND BOARD WHILE IN-COUNTRY. THEY PROVIDE A VARIETY OF SUPPORT SERVICES FOR THE LOAN PROGRAM WHILE GAINING AN UNDERSTANDING OF NGO WORK. WE ALSO HOST FELLOWS ON A ONE-YEAR BASIS IN UGANDA AND TANZANIA TO ASSIST WITH CAPACITY EXPANSION OF THE LOAN PROGRAM, INCLUDING SYSTEMS OPERATIONS, BUILDING HUMAN CAPACITY, COMPUTER AND TECHNOLOGY SUPPORT, ETC. FELLOWS RECEIVE A SMALL STIPEND FOR THEIR COMMITMENT. IN 2024 WE SUPPORTED ONE FELLOW IN KERATU, TANZANIA, AND OUR COLLEGE INTERN PROGRAM IN BUYOBO, UGANDA. Other PART III, LINE 4(d)(2) - BORROWER TRAINING AND ADMINISTRATION: WMI SUPPORTS THE COST OF LOAN PROGRAM AND BORROWER TRAINING FOR NEW LOAN HUBS, INCLUDING TRAINERS, MATERIAL, MEALS DURING TRAINING AND AN INITIAL SET OF OFFICE SUPPLIES. TWO NEW SUB-HUB AT KAMEA AND KITCHWAMBA (BCDC) WAS OPENED IN 2024, WITH TRAINING PROVIDED BUSEESA TRAINING STAFF. IN ADDITION, WMI MAY REIMBURSE CERTAIN LOCAL PURCHASES MADE AT OUR DIRECTION. Pt VI, Line 11b 990 IS SENT TO THE BOARD VIA EMAIL AND COMMENTS ARE SENT AND ANY CHANGES ARE MADE PRIOR TO THE FILING. Pt VI, Line 12c ANNUAL UPDATED FORMS ARE SIGNED BY ALL BOARD MEMBERS DISCLOSING ANY CONFLICTS OF INTERESTS. Form 990, Part III, Line 4d INTERN PROGRAM - SEE SCHEDULE O 19033. 16563. 0.