Women of Will empowers disadvantaged women (B40) to initiate and sustain their own small businesses, rather than providing handouts. The women are given financial assistance (loan) of RM2000 to help them initiate small business ventures and attain an independent livelihood income. The amount is repaid on a weekly basis, interest-free.
To help equip the women with the necessary skills to run their businesses, they are trained in an Entrepreneurial Development Program and taught the basics skills of managing a business, including financial management, marketing, and communications. Additionally, each woman is assigned a business coach and mentor for 6 -12 months to guide them and ensure that they have the support needed to develop a sustainable business, as well as help them lead balanced and wholesome lives. The average cost of delivering training is RM600 per woman, provided free of charge.
To date Women Of Will has transformed the lives of 685 disadvantaged women in Malaysia. These women have received loans and started micro-enterprises with them. Based on our Impact Study conducted in 2015, on average each woman has seen an increase of 30% in their household income. We continue to support our beneficiaries by coaching them and providing them with additional skills training, entrepreneurship training, networking opportunities and events where they may sell their products.
RM20,000 could fund 9-10 women entrepreneurs that are looking for 2nd term loans that will help expand their micro-businesses. Loans will be repaid by December 2018.