FWWB was promoted in 1981, as an affiliate of Women’s World Banking, a global network created to focus on the need for women’s direct access to financial services and recognizing women’s role in building a nation’s economy.
FWWB combined its loans with technical assistance to ensure sustainable growth and from 1989 to 2010 it has reached out to more than 300 Micro Finance Institutions (MFIs) with technical assistance and nearly 200 with loan support. FWWB has successfully implemented programs with support from SIDBI, FORD Foundation, Citi Foundation, HIVOS, CORDAID, USAID, Micheal and Susan Dell Foundation and many more and access loan support from 10 plus banks and financial institutions.
Initially started as a capacity building institution, FWWB had decided to provide loan support to different type of institutions (SHGs, Federations, Cooperatives, NGOs and startup NBFCs) that are in the space of financial inclusion. Luke warm response from the banking sector to support these institutions was the reason for building the revolving loan fund and taking the risk as a first lender. Support from bilateral, international as well as local institutions enabled FWWB to scale up and support more than 300 institutions across the country in areas of livelihood promotion, water and sanitation, education and women empowerment. FWWB was instrumental in organizing various policy forums focusing on financial services for the poor and played a very active role in policy advocacy. FWWB, being a member of various networks, has played a significant role in the building of the sector. Cumulatively FWWB has reached out to more than 1 million women across India through its various interventions.