Grameen America’s lending model draws on and builds women’s social capital—an extremely valuable resource—to connect them to sources of financial capital. This is crucial to their ability to grow their businesses and begin to break out of poverty.
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.
Read MoreTo keep up with our rapid growth and provide the best services to our members, last year we completed a multi-year project migrating to a cloud-based management information system. We recently published a paper that documents our transition to this new technology, its multiple benefits, and lessons learned.
Read MoreAracely sells a range of items at her store in Omaha, Nebraska—everything from jewelry to electronics. With 13 microloans—and counting—from Grameen America, she has been able to expand her inventory and sell an even wider variety. She says her life has been transformed since she stopped working at a meat factory, opened her own store, and joined Grameen America.
Read MoreIrene used to struggle to make ends meet, but now she runs a thriving carpet business in Queens, New York City. The store has nearly reached capacity; it’s overflowing with rolls of carpets in various colors, patterns, and fabrics. A member of Grameen America, Irene has been receiving microloans for more than three years and is on her seventh loan.
Read MoreGrameen America is quickly advancing the technology we use for our loan transactions, benefiting our members and organization alike. With new cashless methods, our members will be better equipped to navigate the increasingly digital economy.
Read MoreAlejandrina has always been a hard worker. Before joining Grameen, she held various jobs as a food saleswoman, a warehouse employee, and a housekeeper. Now, she runs her own beauty salon in Indianapolis.
Read MoreLanise and Janine co-own a trendy clothing store in Harlem, New York City, and a loan from Grameen has allowed them to upgrade their payment system and increase customer satisfaction. The two women are also giving back to their community by supporting and teaching young entrepreneurs.
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