MICROCAPITAL BRIEF: Project Concern International (PCI) to Target 250,000 Additional Women Through Women Empowered (WE) Initiative

Project Concern International (PCI), a US-based non-governmental organization (NGO), recently announced that it plans to scale up the operations of its Women Empowered (WE) initiative by providing approximately 250,000 women, in addition to the 230,000 women it currently serves, with tools and training for their businesses. The announcement was made at the recent annual meeting of the Clinton Global Initiative (CGI), a program that brings together global leaders in an effort to address social and environmental problems.

The WE initiative establishes microfinance savings groups that consist of between 15 and 20 women. The aim of the groups is for encourage women to pool their savings and invest in one another’s businesses to augment economic productivity and improve their lives and those of their children. As of 2014, the WE initiative supports approximately 230,000 women through 13,000 microfinance savings groups in Africa, the Americas and Asia.

As of 2013, PCI has operations in 15 countries and total assets of approximately USD 11 million.

By Tejas Jain, Research Associate

About Project Concern International (PCI)

Project Concern International (PCI) is a US-based non-governmental organization (NGO) that works “to prevent disease, improve community health and promote sustainable development worldwide.” It has operations in Bangladesh, Bolivia, Botswana, Ethiopia, Guatemala, Haiti, India, Indonesia, Liberia, Malawi, Mexico, Nicaragua, South Africa, Tanzania and Zambia. As of 2013, PCI has total assets of USD 11 million.

Sources and Additional Resources:

Project Concern International, “New Effort to Empower 250,000 Women Worldwide Announced at 2014 Clinton Global Initiative (CGI) Annual Meeting,”
http://www.pciglobal.org/new-effort-empower-250000-women-worldwide-announced-2014-clinton-global-initiative-cgi-annual-meeting/

MicroCapital, April 18, 2014, “Fish Farming Project in Nepal Wins Social Venture Challenge at Seventh Clinton Global Initiative University (CGI U) Meeting in Phoenix, Arizona, USA,”
https://www.microcapital.org/microcapital-brief-fish-farming-project-in-nepal-wins-social-venture-challenge-at-seventh-clinton-global-initiative-university-cgi-u-meeting-in-phoenix-arizona-usa/

MicroCapital, October 1, 2013, “9th Annual Clinton Global Initiative (CGI) Participants Commit to Advancing 15,000 Women-owned Businesses by 2018,” https://www.microcapital.org/microcapital-brief-9th-annual-clinton-global-initiative-cgi-participants-commit-to-providing-services-to-15000-women-owned-businesses-by-2018/

MicroCapital Universe Profile: Project Concern International (PCI):
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Project+Concern+International

MicroCapital Universe Profile: Clinton Global Initiative:
http://microcapital.org/microfinanceuniverse/tiki-index.php?page=Clinton+Global+Initiative+%28CGI%29

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