As a mother of five daughters, Maryam often baked cakes and cookies for school events. When the school’s principal was eager to pay for her services, Maryam was encouraged to turn her passion for food into a small business.
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The 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.
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Study is the first randomized controlled trial (RCT) to evaluate the effects of a microfinance program on poverty alleviation in the United States .
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Grameen 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.
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Grameen 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.
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Brenda has always enjoyed helping her friends decorate and plan their parties. Three years ago, she joined Grameen America and was able to turn her hobby into a business. A new video features Brenda and her story of transformation.
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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.
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An 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.
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Grameen 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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