Grameen America Launches Microfinance Training Institute in Queens
Grameen America today announced the launch of the first U.S. Training Institute for microfinance with the support of longstanding partner Capital One, in addition to Robin Hood Foundation and Citibank. The new Institute, located in Queens, NY, will help provide thousands of aspiring entrepreneurs in low-income communities access to microloans. Through classroom-style learning and apprentice-based training programs, community loan officers will be equipped to empower women entrepreneurs with the financial tools they need to grow their small businesses and create better lives for their families. “This Training Institute is a critical step in breaking down economic barriers for women and their families,” explained Andrea Jung, President and CEO of Grameen America, who sees the Institute as an opportunity to expand the organization’s services across the U.S. “Scale is the hinge for making a material difference in underserved communities across the country. We will equip community loan officers with the skills to employ sustainable microfinance to empower their neighbors to create better lives for themselves.” Read the full press release here.