JOIN THE MOVEMENT: INVEST IN HER
JOIN THE NATIONAL MOVEMENT

The case for improving women’s economic opportunity has never been stronger.

  • Half Of All Women

    Half of all women are
    unbanked or underbanked

  • 1 In 8 Women

    More than 1 in 8 women
    live in poverty
    (nearly 17 million women)

  • Women Entrepreneurs

    Women entrepreneurs
    account for only 4% of all
    conventional small
    business loans
    (roughly $1 out of every $23)



FEDERAL DEPOSIT INSURANCE CORPORATION, NATIONAL WOMEN’S LAW CENTER, U.S. CENSUS BUREAU, NATIONAL WOMEN’S BUSINESS COUNCIL

"In the two years since I joined Grameen America, I've been able to open my own hair salon and begin saving for my daughter’s future. None of this would have been possible without their support."

Wendy

Beauty Salon Owner

LETTER FROM THE PRESIDENT & CHAIRMAN

Dear Friends and Partners,

As we reflect on 2016 and look toward our future, Grameen
America is proud to stand as an emblem of hope for women living
in poverty around the United States. We have never felt more
grateful and fortunate to be involved in the amazing work of
Grameen America.

This past year has been a landmark year for Grameen America. We
celebrated major milestones: we invested more than half a billion
dollars in low-income women entrepreneurs and we opened our
nineteenth branch in our twelfth city. Together with our partners,
we have empowered more than 86,000 women around the country.

2016 BY THE NUMBERS

In 2016, we passed an incredible milestone of investing more than half a
billion dollars.
in more than 86,000 women entrepreneurs around the country.

"Grameen America has given me the support I need to realize my dreams and follow my passion. They have inspired me to look towards the future and set goals for myself and my business."

Olivia

Seamstress & Clothing Shop Owner

JOIN THE SCALABLE MOVEMENT
Growth-Chart
Growth-Chart
JOIN THE NATION MOVEMENT
Join The Nation Movement
Join The Nation Movement
NEWARK

In November 2016, Grameen America celebrated the opening of our newest branch in Newark, NJ. Newark marks our twelfth city of operation and the branch is our nineteenth across the country. The branch is the first to open completely cashless and paperless.

With the support of our Newark Advisory Council, we aim to make Grameen America a fixture of financial inclusion and access for the women of Newark. Support from The Prudential Foundation and other funders has catalyzed our ability to work within the community to provide economic opportunity to all of Newark’s Wards. Within the first two years of operations, we expect to reach nearly 2,000 women-owned micro businesses.

prudential
MIAMI

In 2017, Grameen America will open its first branch in Miami, FL. The branch will fill a much needed role as the only source of affordable microcapital to Miami’s low-income women entrepreneurs. J.P. Morgan’s anchor support has made this branch possible.

JPmorgan

In November 2016, Grameen America celebrated the opening of our newest branch in Newark, NJ. Newark marks our twelfth city of operation and the branch is our nineteenth across the country. The branch is the first to open completely cashless and paperless.

With the support of our Newark Advisory Council, we aim to make Grameen America a fixture of financial inclusion and access for the women of Newark. Support from The Prudential Foundation and other funders has catalyzed our ability to work within the community to provide economic opportunity to all of Newark’s Wards. Within the first two years of operations, we expect to reach nearly 2,000 women-owned micro businesses.

prudential

In 2017, Grameen America will open its first branch in Miami, FL. The branch will fill a much needed role as the only source of affordable microcapital to Miami’s low-income women entrepreneurs. J.P. Morgan’s anchor support has made this branch possible.

JPmorgan

"As a single mother, I feel empowered knowing that I have a safety net with Grameen America. I know that I can use my loan to build my business and gain more security for myself and my daughter. Now, I believe the possibilities are endless."

Maria

Notary & Tax Service Owner

JOIN THE PROGRAM INNOVATION

2016 marked a year of monumental milestones for Grameen America. Looking ahead, Grameen America will continue to build on last year’s momentum with an agenda full of new programmatic initiatives.

REACHING NEW communities

With the support of the W.K. Kellogg Foundation, Grameen America has taken steps to expand our footprint in the Harlem community and connect native-born African-American women with microloans, financial training, and business development support. In 2017, with the help of Citi Community Development and Whole Planet Foundation, we will build on this success, expanding impactful services to transform the lives of more than a thousand women in this community, in both Harlem and Newark, NJ.

TECHNOLOGY
INNOVATIONS

With the support of Citi Community Development, Mastercard and Apple, we transitioned to a cloud-based Management Information System that will increase our efficiency and further empower our members. A transformative feature of the system provides members with digital receipts for loan payments, allowing them to receive up-to-date information on their accounts to familiarize them with mobile banking. This new MIS also enables our field staff to access and analyze member information in real-time.

PHYSICAL
HEALTH

To more fully address the needs of women in New York City, Grameen America partnered with sister organization Grameen PrimaCare to introduce new program initiatives linking financial health to physical health. The two organizations co-located in Queens, NY to deliver affordable primary health services through Grameen PrimaCare’s clinic, VidaSana. Together, we are also piloting Promotoras, a program to connect Grameen America members to community health workers.

SMALL BUSINESS
Expansion

As Grameen America approaches our 10th anniversary, we are honored to have earned the reputation as a trusted source of affordable capital among our members. In 2017, we hope to build on the support we’ve received from partners like the Small Business Administration to develop graduation products that our more experienced members can utilize as they embark on their next phase of business growth.

FINANCIAL EDUCATION
and asset bulding
solution

In 2016, Grameen America partnered with the MetLife Foundation to identify areas of efficiencies in our Center Meeting operations. Our branch staff are saving time and resources by implementing the project’s recommendations. Looking ahead, the Robin Hood Foundation will work with Grameen America to evolve Center Meeting structure through development of curriculum modules. To bolster asset building, MetLife Foundation will continue to partner with Grameen America to research innovative savings products to support our members’ ability to build assets. To further support asset building, Grameen America’s banking partners, such as Capital One Bank, will provide access to savings accounts to our members.

A GROWING
MOVEMENT

We are working with the Sara Blakely Foundation and Spanx to empower more than 100,000 women to join Grameen America. As part of this partnership, Grameen America members are featured on the Spanx website to raise awareness about the power of women entrepreneurs.

"In just five years, Grameen America has given me over $30,000 in microloans for my business. With Grameen America, I am proud that I can be a successful role model for my children."

Lourdes

Taxi & Transportation Business

JOIN OUR MAJOR INVESTORS

Our key supporters make our work possible. We are grateful for their commitment to expanding financial inclusion for women.

"My life changed when I received my first loan of $1,000 with Grameen America. Now, I run a successful ice cream shop and have hired six employees."

Herlinda

Ice Cream & Sandwich Shop Owner

INVEST IN HER CAMPAIGN

2016 was a banner year for Grameen America. As we celebrated major milestones, we also reached new fundraising goals with the unveiling of our Invest In Her campaign. Designed to help raise awareness about women’s economic inequality, this campaign will continue to fuel our growth through 2017.

"When I received support from Grameen America, I felt confident. Now that I have these tools, I can achieve my dreams."

Teanys

Daycare Owner

2016 KEY FINANCIAL HIGHLIGHTS
Income Chart
  • Interest Income (46%)
  • individuals (18%)
  • foundation (21%)
  • Corporations (10%)
  • Government (2%)
  • other (3%)
Income Chart
  • programs & services (89%)
  • fundraising (6%)
  • Management & General (5%)

Pro bono revenue and expenses excluded.

JOIN THE NATION MOVEMENT TO Empower Women Entrepreneurs

You can be a powerful part of our movement to create financial inclusion, combat inequality, and fight poverty in the US. Join us to Invest In Her.

GrameenAmerica.org/Support

1. INVEST IN HER:

Donate today to support women entrepreneurs. A gift of $1,500 will support a first-time loan and $7,500 will support five new women members.

2. FUNDRAISE FOR HER:

Set a goal and inspire your friends and family to help you fundraise. We can help you create a fundraising page and motivate your supporters.

3. GIVE MONTHLY:

Your monthly gift will help support a woman, her business, and her family year-round.

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