History
Since 1988, Women's Initiative
has:
- Assisted clients in starting or developing
over 1,600 businesses from photography studios
to catering companies and mechanic shops
- Disbursed loans totaling over $800,000
- Facilitated clients in leveraging an additional
$1,800,000 in capital from other lending sources
- Helped over 120 women build assets through
Individual Development Accounts (IDA or matched
savings accounts)
Here are some of the highlights:
1988 Women’s Initiative
launched its services and was incorporated.
1990 established the Women's
Initiative Revolving Loan Fund to provide small
business loans to lower-income women entrepreneurs.
To date, the fund has disbursed hundreds of loans
while maintaining an excellent default rate under
10%.
1990 created the Alternativas
para Latinas en Autosuficiencia program (ALAS)
to provide services in Spanish in San Francisco’s
predominantly Latina Mission district. ALAS is
the first program of its kind in Northern California.
1993 established the Women's
Initiative Oakland Project, offering entrepreneurial
training and technical assistance services downtown
Oakland.
1995 established the Women Mean
Business Project serving welfare recipients and
other women in poverty.
1995 decided to focus exclusively
on serving low-income (60% or less of regional
median income) and disadvantaged women, including
women in poverty and those making the transition
from welfare to work. Today 99% of Women’s
Initiative clients are low-income, one-third are
women in poverty, and 10% are current or former
TANF recipients.
1997 initiates the Individual
Development Accounts (IDA) program through the
Bay Area IDA collaborative
2000 established a bi-lingual
Women’s Business Center with the support
of a second grant from the U.S. SBA’s Office
of Women’s Business Ownership (OWBO). This
center enables us to provide both English and
Spanish-language services from our downtown Oakland
Project site.
2001 awarded the Presidential
Award for Excellence in Microenterprise Development.
The award was made by First Lady (now Senator)
Hillary Rodham Clinton at a ceremony at the White
House on January 16, 2001.
2001 completed the first Women’s
Initiative Outcome Evaluation, tracking 83 clients
served in English for up to 18 months after graduation
from core training, with support from the Aspen
Institute, the San Francisco Foundation, and the
C.S. Mott Foundation. Key findings included that
the median income of participants nearly doubled
(an average income increase of $13,226) within
18 months of completing Women’s Initiative’s
comprehensive business management training.
2002 honored by Equal Rights
Advocates for sharing their commitment to break
down barriers that obstruct women’s economic
empowerment.
2003 launched the Alameda County
Advisory Council to build visibility and leadership
in the east bay. This pilot council is the framework
for all future leadership and expansion in the
agency.
2003 Women’s Initiative
hosts its first gala honoring the agency founders
and Mary Huss, Publisher of the SF Business Times.
This key business event in the city boasts up
to 500 in attendance and is a must-attend event
for women business leaders every year.
2004 Women’s Initiative
says goodbye to its founder Paulette Meyer as
a member of the board of directors and welcomes
in a new board of directors who take on broad
ownership and responsibility for the organization.
2004 Women’s Initiative
launched a new site in the Fruitvale neighborhood
as part of a neighborhood investment effort to
build the community. It is currently the second
highest retail base in the east bay.
2004 Women’s Initiative
Measures Up report includes findings on a social
investment return of $21 for each $1 invested
during the three year period of 1999 through 2002.
2005 Women’s Initiative
integrates technology into the classroom ensuring
that every participant has technology integrated
into their business.
2005 launched the Graduate Leadership
Council to build the skills and involvement of
Women’s Initiative graduates in defining
the organization’s future.
2005 held its first-ever graduate
business conference at the Oakland Marriot and
brought together over 200 graduates with hundreds
of successful women in business to build connections
and share knowledge.
2005 Women’s Initiative
graduates and volunteers launch the Private Collection
which creates a market place and training ground
for graduates with high end retail products. A
percentage of proceeds support Women’s Initiative
operations.
2005 launched the graduate membership
program SuccessLink to connect women to more success
and successful women.
2006 Women’s Initiative
loan pool is doubled with an investment from Comerica
Bank. Women’s Initiative becomes one of
the largest training-led micro-lenders in the
country.
2007 Founder Paulette Meyer
wins the local hero Jefferson Award.
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