Womens Opportunities Resource Center

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Women's Opportunities Resource Center. Microfinance loans, savings programs, business services. We provide low-income and under-served Philadelphians with access to capital and financial services THE ORGANIZATION PROVIDES ACCESS TO FINANCIAL SERVICES AND CAPTIAL TO LOW INCOME AND UNDERSERVED POPULATIONS.

Women's Opportunities Resource Center

The Women's Opportunities Resource Center (WORC) is a nonprofit organization dedicated to promoting social and economic self-sufficiency primarily for economically disadvantaged women and their families.

Mission and Programs

WORC's mission focuses on empowering its constituents through various programs designed to enhance economic independence. These programs include:

  • Entrepreneurial Training: Providing skills and knowledge necessary for starting and managing businesses.
  • Individual Business Assistance: Offering personalized support to help individuals achieve their business goals.
  • Incentive Savings Programs: Encouraging savings habits through incentivized programs to foster financial stability.
  • Access to Business and Financial Resources: Facilitating connections to essential resources for business development and financial management.
  • Job Placement Services: Assisting members in finding employment opportunities.

WORC also operates the Economic Opportunities Fund (EOF), a Community Development Financial Institution (CDFI) that provides loans to low-income and underserved populations, particularly women and minorities, to support business growth.

Impact and Recognition

WORC's programs have had significant impacts on its beneficiaries. For example, as of 2016, its training programs had graduated over 3,600 individuals and supported the launch of 850 new businesses. The savings program had also helped over 1,400 individuals save a combined total of $5 million.

WORC has received several awards for its innovative approach to economic development, including the Greater Philadelphia Innovation Award for Small Business Development in 2019, the Innovation in Technology Award from the Association for Enterprise Opportunity in 2005, and the Presidential Award for Excellence in Micro-enterprise Development from the U.S. Department of Treasury in 2001.

Values and Philosophy

WORC emphasizes the importance of personal financial management and economic development strategies. It values empowering individuals with basic life skills, fostering personal asset accumulation, and encouraging peer support and community involvement. By focusing on these core values, WORC aims to be a catalyst for positive, lasting changes in the lives of its constituents.

WORC also maintains a leadership role on both national and regional levels, ensuring that it addresses broader issues of economic equity and independence in the communities it serves.

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Founded

1999

Facebook

1200

X (Twitter)

226

Address

Philadelphia

Address: 2010 Chestnut St, PhiladelphiaWeb: Sign in to see organisation websiteFacebook: WORCpaX (Twitter): worcphillyVolunteers: 15Revenue: 1077528ICO: 232998893

Welcome to WORC, the Women's Opportunities Resource Center of Greater Philadelphia - Promoting Social and Economic Self-Sufficiency

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News about from their social media (Facebook and X).

Louise

I'm so inspired by the success stories from WORC! It’s incredible to see how microfinance and entrepreneurial training can change lives. Kudos to everyone making a difference! πŸŒŸπŸ‘

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Helen

2. What strategies can NGOs like WORC implement to better measure the impact of their microfinance loans and business services on the long-term economic stability of their clients?

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Kate

What an amazing initiative! Empowering women and families to achieve financial independence is so important. Keep up the fantastic work, WORC! πŸ’ͺ❀️

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Christine

1. How can community engagement initiatives complement the financial services provided by the Women's Opportunities Resource Center to further empower economically disadvantaged women in Philadelphia?

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