FAQ

Frequently Asked Questions

Donate to Women's Bank

euros

Last updated 6.8.2019

Monthly donors                                        3 282 people
Shareholders                                             1 637 people
Raised funds                                              15 239 350 euros
Expense rate (2018)                                 17,1 %
Local groups                                               40 cities across Finland
Volunteers                                                   3000+
Countries with projects                            6 countries
Projects                                                        12
Direct beneficiaries (2018)                     26 800 people
Direct beneficiaries since 2007              59 000 people
Indirect beneficiaries                               290 000 +people

Read Women’s Bank Annual Report 2018 here >>

How do I know that my money actually goes to the right place?

Internationally certified accountants/CPAs in each country audit the project accounts. FCA receives these audit reports, which in turn are audited and certified by our own accountants. Our projects and local partners are carefully selected. In the initial phase of projects we make sure that donations are used towards the project and create the desired change.

Why do you support entrepreneurship and village banks?

We want to make sure that the donations create sustainable development. When the village bank receives the loan payments with interest, the capital of the bank grows and more people can access these loans. Entrepreneurship is an important way to create jobs and wellbeing in the developing countries.

How do you choose your projects?

The local representatives put forward a project proposal to Finn Church Aid.  All proposals are evaluated and the ones that fulfill the necessary criteria can be funded.

How long do you fund a project?

The goal is to carry out long term development co-operation. Usually the funding decision is made for three years at a time and the funding continues as necessary.

How can I find out more about Women’s Bank?

Please, contact Finn Church Aid, tel: 020 787 1200 or email us: naistenpankki@kirkonulkomaanapu.fi

How does it benefit me or my company to support the Women’s Bank?

You can be sure that your money goes into a productive cause. Even the smallest donation gives an opportunity of a new life for these women and their families. As an added bonus you will feel good about yourself!

Why do you co-operate with Finn Churc hAid and not some other organization?

Finn Church Aid is the most efficient organization out there. FCA does not carry out missionary work along with development co-operations and serves everyone regardless of their religion.

How was Women’s Bank created?

A group of women were invited by Finn Church Aid to Liberia in January 2007 to get know the lives of the local women. This group decided that they should help improve the well-being of women in the developing countries. Women’s Bank started its operations on April 24, 2007.

Are men welcome to participate in Women’s Bank?

Women’s Bank is meant for everyone. The focus is on women, because that is the best way to ensure the donations reach their intended target. Men are very welcome to participate in the Women’s Bank’s activities.

Do you have any other questions? Would you like to give feedback or perhaps suggest a way to improve our operations?

Please, give your feedback or development proposal. We will get back to you as soon as possible. Contact: naistenpankki (at) kirkonulkomaanapu.fi

A number of international forums have noted that one of the most important means of abolishing poverty is to improve women’s possibilities of earning their living.  Women are frequently the poorest of the poor. Improving their position is in direct correlation to the prosperity of the whole family and even to that of the entire local community,

This fact was recognised by the founder members of Naisten Pankki (Women´s Bank) on their visit to Liberia in 2007.  There they met a large number of hardworking women with a host of ideas, all of which could have improved the financial situation of their family. However, financial limitations made it impossible for them to put these ideas into practice.

Naisten Pankki – Women´s Bank was born from a desire to help these women and women in other developing countries in their efforts to achieve a better standard of living. Focusing on women as a specific development group does not mean that the bank’s projects will not benefit men. On the contrary, in many of the projects men have their own role to play.  In Cambodia, for instance, the village banks also have male members.