Grameen America, the leading microfinance nonprofit organization focused on low-income minority women in the United States, today announced the receipt of a $25 million grant from philanthropist MacKenzie Scott. This transformational investment in Grameen America’s proven social capital model will accelerate the organization’s strategic initiatives over the next decade, including its focus on enabling a just and inclusive rebuild of America in the wake of COVID-19.
Read MoreGrameen PrimaCare, has announced it will expand its community health program to Jackson Heights, Queens in summer 2020.
Read MoreThe Diverse Community Capital program awards lending capital and grants to Community Development Financial Institutions (CDFIs), like Grameen America, which in turn deliver responsible, affordable financial products to diverse small business owners who do not typically have access to conventional financing.
Read MoreStudy is the first randomized controlled trial (RCT) to evaluate the effects of a microfinance program on poverty alleviation in the United States .
Read MoreGrameen America has opened its first branch in Houston, Texas. The branch provides low-income women entrepreneurs with microloans, training, and support to help them rebuild their lives after Hurricane Harvey.
Read MoreGrameen America is pleased to be one of the Community Development Financial Institutions receiving a grant from Wells Fargo & Company as part of its Diverse Community Capital program.
Read MoreAn assessment of the Grameen Promotoras initiative in the Bronx found significant improvements in local women’s knowledge of health topics and access to health care. The majority of the women in the program lack health insurance and are isolated from the mainstream health system, so Grameen Promotoras plays a crucial role in providing and connecting them to essential services.
Read MoreGrameen America, the fastest-growing microfinance organization in the United States, has distributed a historic $1 billion in microloans to more than 100,000 low-income women entrepreneurs in the country since its inception 10 years ago. “This record $1 billion achievement is proof that the model can scale successfully, and we are excited to see where the next decade takes us,” said Muhammad Yunus, Chair of Grameen America.
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