Four years ago, Ana was a new mother again and needed work that would give her flexibility and freedom. When her friend decided to sell her shop in their neighborhood, in Newark, New Jersey, she jumped at the chance to buy it.
Nonprofit microfinance organization Grameen Puerto Rico is bringing together leading financial institutions and other partners to galvanize investment in local low-income women entrepreneurs in the wake of the devastation caused by Hurricane Maria last year.
Between 2007 and 2016, women started businesses five times faster than the national average. From our experience working with female entrepreneurs across the U.S., we know that they have the grit and determination it takes to create and grow thriving businesses.
We are excited to share our 2017 City Impact Reports, which highlight milestones from last year in each of the cities we serve. These reports provide a snapshot of the impact we have had on women’s lives and their small businesses in cities across the country.
This year, Grameen America celebrates its 10th anniversary. We are proud to share our 2017 Annual Report, A Decade of Empowerment, which highlights our accomplishments and milestones over the last 10 years and the many impressive achievements of our members.
Johanna Avila began working at Grameen America in 2008 as a Trainee Center Manager at our Jackson Heights, Queens, New York branch. Now, just 10 years later, she is the organization’s Northeast Regional Director, overseeing 10 branches in New York, New Jersey, and Massachusetts. She sat down with us to discuss her journey and what motivates her to support other women and help them succeed.
Growing up, Magdalena heard and believed that women don’t work and are dependent on men. But she thinks quite differently now, after having started her own business. “As women we can succeed,” she said. After receiving a series of loans from Grameen America, Magdalena now has her own bar and restaurant called Tacopeton in the Bronx.
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.