This month, Grameen America, the fastest growing microfinance organization in the United States, celebrates its 10-year anniversary of empowering low-income women entrepreneurs in underserved areas in the U.S. through affordable microloans.
Five years ago Monica moved to Charlotte, leaving behind an abusive marriage. She had an interest in beauty and makeup and had dreams of starting a bilingual cosmetology school but didn’t know where to start.
Grameen America opened its first branch in Miami. The branch, located at 1101 SW 8th Street in Little Havana, will enable women living below the poverty level in the area to access small loans to start or expand their businesses. More than 20 percent of women in Miami-Dade county are living in poverty.
Rene has always had a passion for reconstruction and clothing design. After losing her stable job of over 20 years, her son encouraged her to follow her dream by enrolling in a program at a local university to study sustainable clothing.
In 2015, Grameen America reached an inflection point. As the fastest growing microfinance organization in the United States, we needed to completely overhaul our core banking system in order to keep up with our expansion and continue to scale.
More than 200 business leaders, philanthropists, and women trailblazers came out to celebrate Grameen America’s 10th anniversary at The Metropolitan Museum of Art on September 23.
We are thrilled to announce the launch of a new Member Development Program focused on financial literacy, business training, and digital education. The program is designed to give Grameen America’s entrepreneurs additional tools to grow their businesses, increase financial health, and equip them with knowledge to better provide for their families.
Joann joined Grameen America in 2016 with a microloan of $1,500. She used the extra money to invest in marketing materials, which enabled her to reach a broader audience in the community.
Since joining Grameen America in 2013, Guadalupe has taken out a total of $30,000 in microloans. She just recently received her 8th loan, an impressive $8,000, which she is using to buy another fridge for the restaurant.
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