In 2011, the GFW launched its Micro-Social Capital initiative – an innovation in the field of philanthropy created and coined by the GFW. With a NGO partner in Bolivia, the Micro-Social Capital program provides widows with a micro-capital investment to launch a micro-enterprise. The widow in return enters into a social contract with the GFW, promising to use profits from her enterprise to extend the virtuous cycle and money multiplier effect by hiring another widow as she expands her own activities.
Ultimately, empowered and profitable widows will make contributions with their profits to a social endowment fund, intended to support elderly widows in the community, provide funding for emergency or critical surgery, or help with education expenses of their children. The GFW is very proud of the success its widows in Bolivia are enjoying under the new program.