Welcome to The Women’s Enterprise Action Loan Fund.
That is a long name for a simple program: women helping women become successful business-owners.
During the economic downturn, I was volunteering helping women rewrite their resumes and met many qualified women, who would probably never hold traditional jobs again. However, many of those women had ideas for starting their own businesses. I started thinking about how to help them realize their dreams and become financially self-sufficient.
I gathered a group of women with successful business careers and began developing an organization. WEALF provides a first round, interest-free loan of between $5,000 and $10,000. Early on, we recognized that money alone is not enough; to succeed, most business owners need advice and mentoring which is most effectively provided on a personal, one-to-one basis. As a result, an integral and unique part of our program is our network of experienced mentors who provide advice and guidance.
Our focus is local: the New York Metro area. Most of our women come to us because they cannot obtain financing for their business from traditional sources.
Since awarding our first loan in 2012, we have provided over $300,000 in loans to over 40 women.
We are proud of the successes achieved by our participants, which is a result of their determination, talent and perseverance and the dedicated work of our mentors.
Thank you for your interest in WEALF. We’d love to have you join us in our goal of making 100 women financially self-sufficient.
Vicki Weiner, founder
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