Saturday, October 8, 2011

Women's World Banking Microfinances Poor Entrepreneurial Women

By Morey Stettner
Investor's Business Daily
October 7, 2011

When Nancy Barry joined the board of Women's World Banking in 1981, she didn't expect to burst into tears at a meeting.

But she was fed up with her full-time job at the World Bank, and her emotions boiled over.

With WWB, a nonprofit that provides loans to entrepreneurial women through a global financial network, Barry sought to increase microcredit to the poor.

Suddenly at this meeting, she couldn't contain her frustration as a World Bank executive.

"I cried in front of 20 very accomplished women who were global leaders in their field," she told IBD. "I told them I felt like I had hit a glass ceiling at the World Bank. They responded with love and support. At that moment, I knew they had given me something special."

Uplifted, Barry persevered at the World Bank and expanded its small-business portfolio from zero to $3.3 billion in 10 years.