GRAMEEN AMERICA IS DEDICATED TO HELPING ENTREPRENEURIAL WOMEN WHO LIVE IN POVERTY BUILD BUSINESSES TO ENABLE FINANCIAL MOBILITY.
Founded in Queens, NY, in 2008, Grameen America builds on the legacy and proven model of Nobel Peace Prize Laureate Muhammad Yunus. His revolutionary but simple idea that all people can lift themselves out of poverty through their own entrepreneurial spirit has dramatically altered how the world views global poverty.
Grameen America provides microloans (starting at no more than $2,000), financial training, and support to members. As part of our program, members open free savings accounts with commercial banks and make weekly deposits. We also report microloan repayments to Experian, enabling our members to build their financial identity.
Who We Serve
Our target population is women who live below the federal poverty line, for whom the mainstream financial system is currently out of reach. Our members are women who previously had few options for accessing capital and most lacked bank accounts and credit scores.
It's hard to break the cycle.
More than 40 million people live in poverty in the United States. The federal government defines poverty as a family of four living on $25,100 or less a year. Many of these families are not able to make ends meet; they are often working at minimum wage jobs or struggling to get their small businesses off the ground, and they can’t afford health or child care.
1 in 8
Women are disproportionately affected: More than 1 in 8 live in poverty, and among minority women, the rates are even higher.
Nearly 27 percent of US households are unbanked or underbanked, meaning they do not have bank accounts and/or have limited access to mainstream financial and banking services such as credit cards and loans.
Grameen America offers women a hand up, not a handout.
Women entrepreneurs often just need a little capital and support to help them reach their goals.
Training and Networking
Financial education and peer support
Qualified financial history
Opportunity to build assets
Affordable financing for small businesses
Our Unique Model
A Nobel Peace Prize-winning approach.