WWBIC is a leading innovative statewide economic development corporation “Putting Dreams to Work” since 1987. We focus on individuals who face barriers of traditional means by opening opportunity for pursuit of their dreams and economic well-being. We provide those who want to start, strengthen or expand businesses with access to quality business education and responsible financial products. We help low-income individuals improve economic well-being by building assets and advancing economic self-sufficiency. We particularly focus on women, people of color, and low-income individuals.
Currently Viewing: 2017 Reporting Data
Summary
Provides Microenterprise LoansYes
Other Microfinance Types
Individual Development Accounts (IDAs)
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 181
Value of Microloans Disbursed $4,251,053
Value of Microloans Outstanding $9,212,705
Portfolio Quality
Mean Interest Rate 9%
Total Portfolio at Risk 5.35%
Loan Loss Rate 5.83%
Loans Past Due
30 to 60 $153,241
61 to 90 $16,182
91 to 120 $207,576
More than 120 $115,553
Other Financing Products
Small Business LoansYes
Max Business Loan Amount $250,000
Leverage Package or Guarantee Loans?Yes
Services Provided
Training and Technical Assistance (TA) Services
Business Training (group based instruction)
Business Technical Assistance (one-on-one assistance)
Business Development Services
Coaching/Mentoring
Financial Literacy
Credit Counseling
Access to Market Services
Business Incubation
Self-employment Assistance
Business Development Training
Number Receiving Training 2,715
Number Receiving TA 2,793
Individuals Served 4,642
Clients Served 1,436
Businesses Served 1,198
Demographics
Gender
Women - 64.15%
Men - 33.97%
Other - 0.11%
Unknown - 1.77%
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Ethnicity
Mixed-race - 0%
African American/African-born - 36.77%
Latino - 15.68%
White/Caucasian - 38.3%
Asian/Pacific Islander - 2.61%
South Asian - 0%
Native American/Alaska Native - 1.25%
Other - 1.4%
Unknown - 3.99%
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HUD Low Income Standard
Below - 62.17%
Above - 25.87%
Unknown - 11.96%
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Business Status
Business Status
Operating - 14.52%
Not Operating - 81.56%
Unknown - 3.92%
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General Program Info
Area Types Served
State
Member Associations
Not a member of a SMA
Organization Description
Stand-Alone Microenterprise Organization
Geographic Area Served
Wisconsin
Geographic Area Served DescriptionAll of Wisconsin
Other Locations
40882300 S. Park StreetSuite 103MadisonWI53713
4089600 52nd StreetSuite 130KenoshaWI53140
4090245 Main StreetSuite 102RacineWI534031191 N Casaloma DriveAppletonWI54913
Staffing
# FTEs 51
Individuals Served per Full-Time Equivalent Staff 91.02
Clients Served per Full-Time Equivalent Staff 28.16