Lenore C. Albom Microfinance Giving Program

The Lenore C. Albom Microfinance Giving Program is the legacy left to the FWA by Lenore Albom, a former FWA President and visionary who understood the power that microfinance has to transform women’s lives. The promise of microfinance is one of empowerment—empowering low-income women and men through access to credit to invest and grow their businesses, provide for their families, and support their communities. 

To show its ongoing support for the crisis in Haiti, the FWA will once again direct the Lenore Albom Microfinance Giving Program to Fonkoze, the largest microfinance institution in Haiti. Fonkoze has over 50,000 borrowers and 200,000 savers across the country. The institution’s clients—low-income entrepreneurs and their families in Port-au-Prince and nationwide—were severely impacted by the earthquake that ravaged the country in January 2010. 

We are urging FWA members and friends to help the FWA raise $10,000 in funds for Fonkoze. 

Two year after the earthquake, Haiti’s people continue to suffer and the country’s shattered infrastructure, both physical as well as financial, continues to be weak. Within this context, Fonkoze has showed remarkable resilience and speed in its own recovery. 

Following the devastating January 2010 earthquake, one of Fonkoze’s principal objectives was to strengthen and expand its programs that support Haiti’s very poorest residents. Those two programs, Ti Kredi (“Little Loan”) and Chemen Lavi Miyò (CLM), which means “Pathway to a Better Life,” comprise the first two steps on Fonkoze’s Staircase Out of Poverty. These programs were created specifically to target extremely poor women who would otherwise not be able to receive Fonkoze’s traditional microfinance loans. Both programs are characterized by close accompaniment that aims to help women develop the skills and confidence to leave extreme poverty behind. 

Fonkoze is raising funds to expand its Ti Kredi program and target 1,000 women who are graduating this spring from CLM. In keeping with FWA’s mission of supporting professional women advance their careers, the 2012 Lenore C. Albom Microfinance Giving Program will help support these very important programs. The donation will be unrestricted, so that it can be applied by Fonkoze’s to its most critical needs.

Three ways to donate to the FWA’s Lenore C. Albom Microfinance Giving Program:Donate Online:

Please click the following link to go to a secure donation form, http://pay2.fwa.org/displayemailforms.cfm?emailformnbr=115167.

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 more information about the FWA’s involvement in microfinance, please visit the FWA Microfinance Initiative page at: http://www.fwa.org/community/microfinance.htm. 

For questions about the program, please contact Karen Karpowich, Interim Executive Director, at kkarpowich@fwa.org or (212) 533-2141 x303.