WHAT WE DO
The Weidemann Foundation emphasizes microlending as a potent means to eradicate global poverty. Microlending, the disbursement of small loans to poor clientele, often women, is a very effective development technology. Microlending became a household word when Mohammed Yunus and the Grameen Bank in Bangladesh were awarded the Nobel Peace Prize in 2006. Microlending programs serve over 113 million people worldwide, the majority of whom are women. Two thirds of these loan clients live on less than $1/day. Repayment rates are over 90%. Many programs offer adjunct training in business skills, literacy, health and other crucial areas as well.
The Foundation also supports community development projects, including health, education and training and always looks for those with the greatest potential to become self-sustaining when donor support is withdrawn.
Weidemann Foundation targets women beneficiaries, knowing that investing in women builds families, communities and nations. Nearly half the world’s population lives on less than $2/day and women comprise a disproportionate share of those in poverty. Women produce the majority of the food supply in developing countries. Numerous studies have shown that women spend their additional income on their children and households — such as tuition or uniform costs for school, vaccinations or other forms of healthcare, food for their children, and improving the structure and comfort of their homes. Investing in women is a direct route to eradicating global poverty. The Foundation also assists youth and families and has provided grants for cultural and spiritual preservation of threatened minority groups, particularly Tibetan refugees.