Velma Edwards

Bank celebrates 40th

Bank celebrates 40th

EVE BURNS Bank of Marshall Islands proved at 40 they can party like a 16 year old. Rain and puddles did not stop BOMI from celebrating last Friday outside of the bank in Uliga. BOMI was first established in 1982, after the Marshall Islands First Commercial Bank closed down. “40 years is not easy,” former […]

Cash transfer program launched

Cash transfer program launched

Bank of Marshall Islands (BOMI) agreed to waive usual bank account application fees for women enrolled in the Conditional Cash Transfer (CCT) program. The news was shared during the signing of an agreement between BOMI and the national government last week at the International Conference Center during the Early Childhood Development National Forum. The CCT […]

Early child project launched

Early child project launched

In addition to informational briefings this week at the International Conference Center about the full rollout of the World Bank-supported Early Childhood Development project, a number of‪ important specific aspects of the new program were launched.‬ ‪These included the Ministries of Health, Education and Culture and Internal Affairs signing agreements for this multi-ministry intervention that […]

First women’s fund loan issued

First women’s fund loan issued

EVE BURNS The first ever recipient of a loan from the new Kora im an Kil Fund (Kora Fund) was recognized last Thursday. The Kora Fund is a Taiwan funded small loan program to support women entrepreneurs in the Marshall Islands. The idea for the fund came from Taiwan President Tsai Ing-wen and President Hilda […]

Taiwan boosts RMI women

Taiwan boosts RMI women

A significant boost for women’s economic empowerment took place at the International Conference Center (ICC) at the end of June. The signing ceremony for the Guidelines on Implementation of the Women Business Start-Up Small Loan Revolving Fund (Kora Im An Kil fund) included Taiwan Ambassador Jeffrey Hsiao, Minister of Culture and Internal Affairs Jemi Nashion, […]