Dolores Forsythe, designer and owner of d’Forsythe jewelry store on Loma Avenue, sponsored a fundraising effort on February 1 to support the Foundation for Women, a microcredit enterprise for impoverished women in San Diego and Liberia, Africa.
The jewelry store held a day-long event in conjunction with a San Diego clothing designer, with 20 percent of all proceeds donated to the Foundation for Women. The nonprofit organization’s goal is to eliminate global poverty through microcredit loans, education, and business support.
Founder and CEO of the organization, Deborah Lindholm, was on hand to share information about the foundation with guests of the special event.
“We were women coming together to support other women,” said Forsythe. “The Foundation for Women works to empower small groups of women economically and they in turn can bring economic security to their families and communities, which can improve a nation, and ultimately the world,” she added.
The foundation has provided more than $1.5 million in microcredit loans to more than a million women. It was founded in 2005 and now operates in more than 250 communities in Liberia, as well as in the U.S. microcredit loans abroad can be as little as a few dollars, with loans in the U.S. averaging $100-$250. More than 95 percent of all loans made by the foundation are repaid and then reissued to new borrowers.
Statistics from the Foundation for Women show that 1.5 billion people live on less than $1 per day around the world and 70 percent of them are women and children. The organization’s focus is to provide economic security for women, which helps strengthen the socioeconomic network in their immediate communities and beyond.
For more information, visit www.FoundationForWomen.org.