Hillary Clinton Announces Grameen America's Commitment to Invest $50MM in Harlem

Thu, 2014-09-25 17:08

Hillary Clinton announced at the 2014 Clinton Global Initiative Annual Meeting Grameen America's commitment to invest $50 million in over 7,000 women-owned businesses in Harlem through 2020. In 2008, Nobel Peace Laureate Muhammad Yunus successfully implemented his microfinance model in Queens and is now expanding this program to serve low-income women in Harlem.

Grameen America President and CEO Andrea Jung, Secretary Hillary Clinton, and Grameen America Chair Muhammad Yunus on stage at the 2014 Clinton Global Initiative Annual Meeting

 

Grameen America will partner with Citi Community Development, the Upper Manhattan Empowerment Zone and the Dalio Foundation to launch the new initiative. “Grameen America believes in women as the engines of local economies," said President and CEO Andrea Jung. "The solution to economic inequality is not charity; it is sustainable social business.”

Tweet With Us

Recent Stories

FOR IMMEDIATE RELEASEMay 23, 2018, New York—Grameen America has received a $100,000 grant from Synchrony, building upon the three-year relationship... read more
Ricaida has been learning about much more than business and savings at her weekly Grameen America center meetings—recently she came home with a... read more
Four years ago, Ana was a new mother again and needed work that would give her flexibility and freedom. Her infant daughter was having trouble with... read more