X

Type keywords like Social Business, Grameen Bank etc.

Grameen America Invests $4 Billion in Women Entrepreneurs

Grameen America Invests $4 Billion in Women Entrepreneurs

Yunus Centre Press Release: 27 February 2024

 

New York, February 14, 2024— Grameen America proudly announces a momentous milestone, having invested $4 billion in affordable loan capital directly to women entrepreneurs in financially underserved communities. This achievement marks a historic moment for the organization, demonstrating its commitment to empowering women and fostering community development.

 

Founded on the visionary idea of Nobel Laureate Professor Muhammad Yunus, Grameen America follows the successful Grameen Bank Model, which has transformed the lives of millions worldwide. Professor Yunus serves as the Chairman of Grameen America Inc., guiding the organization's mission to alleviate poverty through entrepreneurship.

 

This milestone represents a significant stride forward, with Grameen America providing an unprecedented $1 billion in capital to women business owners within a single year. The organization's rapid growth solidifies its position as the fastest-growing microfinance organization in the United States. Since its inception in 2008, Grameen America has disbursed $4 billion to empower more than 190,000 women across 27 U.S. cities. By 2030 it will reach a level of investing $5 billion a year.

 

Andrea Jung, President and CEO of Grameen America, expressed her pride in this remarkable achievement, stating, "Disbursing $4 billion in loan capital stands as a monumental achievement—a testament to the dedication of our staff, members, and partners. While we take pride in this accomplishment, we recognize an ongoing and substantial need for affordable financial services on a national level.

We are proud to offer access to affordable capital without barriers like collateral or credit history and witness the tremendous impact these investments have on women’s economic mobility, their children’s lives, and community development.”

 

Grameen America remains committed to providing access to affordable capital without barriers such as collateral or credit history. Through these investments, the organization witnesses the profound impact on women's economic mobility, the lives of their children, and the development of communities nationwide.

 

For media inquiries or further information, please contact:

 

Jason Grobstein

media@grameenamerica.org

Website: www.grameenamerica.org

Twitter: @GrameenAmerica

Facebook: /GrameenAmerica

Instagram: @grameenamerica

Related

Statement from Professor Muhammad Yunus:

Statement from Professor Muhammad Yunus:   “I congratulate the brave students who took the lead in making our Second Victory Day possible and to the people for giving your total support to them. Let us make the best use of our new victory.  Let us not ...

দেশবাসীর উদ্দেশ্যে প্রফেসর ইউনূসের বক্তব্য

০৭ আগষ্ট ২০২৪   দেশবাসীর উদ্দেশ্যে প্রফেসর ইউনূসের বক্তব্য:   “আমি সাহসী ছাত্রদেরকে  অভিনন্দন ...

Prof. Muhammad Yunus felicitated in Manila on the occasion of his 40th anniversary of receiving the “Ramon Magsaysay” Award.

Prof. Muhammad Yunus felicitated in Manila on the occasion of his 40th anniversary of receiving the “Ramon Magsaysay” Award.
Yunus Centre Press Release – 03 July 2024   This was made a part of the 65th Anniversary of the Magsaysay Award itself. The event honored the Filipino awardees of the Magsaysay prize in the presence of the diplomatic community.   Susanna B Afan Presi...

 “র‌্যামন ম্যাগসাইসাই” পুরস্কার প্রাপ্তির ৪০তম বার্ষিকী উপলক্ষে  প্রফেসর মুহাম্মদ ইউনূসকে ম্যানিলায় সম্মাননা প্রদান

 “র‌্যামন ম্যাগসাইসাই” পুরস্কার প্রাপ্তির ৪০তম বার্ষিকী উপলক্ষে  প্রফেসর মুহাম্মদ ইউনূসকে ম্যানিলায় সম্মাননা প্রদান
ইউনূস সেন্টার প্রেস রিলিজ – ০৩ জুলাই ২০২৪   নোবেল লরিয়েট অধ্যাপক মুহাম্মদ ইউনূসের “র‌্যামন ম্...

Social Business Academia Dialogue & 3ZERO Club Convention 2024 held in Manila, Philippines

Social Business Academia Dialogue & 3ZERO Club Convention 2024 held in Manila, Philippines
Press Release 30 June 2024   The Academia Dialogue was hosted by Nobel Laureate Professor Muhammad Yunus and organized by the Yunus Centre at the Asia Pacific College in Manila, Philippines on 29 June, 2024. The dialogue was in mutual collaboration with the Asia ...

The 14th Social Business Day concludes in Manila, Philippines

The 14th Social Business Day concludes in Manila, Philippines
  The second day of the 14th Social Business Day 2024, hosted by Nobel Peace Laureate Professor Muhammad Yunus, is being held in Manila on June 28, 2024 at the SMX Aura Convention Center in Philippines. This year’s theme is “Social business- An Exit ro...

The 14th Social Business Day 2024 kicks off in Manila, Philippines

The 14th Social Business Day 2024 kicks off in Manila, Philippines
Press Release     The 14th Social Business Day 2024, hosted by Nobel Peace Laureate Professor Muhammad Yunus and organized by Yunus Centre is being held in Manila from June 27-28, 2024 at the SMX Aura Convention Center in Philippines. This year’s them...

Yunus Never Convicted of Tax Evasion. No such case existed. - Rejoinder to Law Minister's statement in Reuters' news

Press Release - 12 June 2024 In a news report carried by Reuters globally on June 11, 2024. The statement made by Hon’ble Minister for Law, Justice and Parliamentary Affairs of Bangladesh Mr. Anisul Huq MP   is completely baseless and defamatory. He is quote...

ইউনূস কখনোই কর ফাঁকির দায়ে অভিযুক্ত হননি। কর ফাঁকির কোনো মামলা ছিল না। - রয়টার্সের খবরে আইনমন্ত্রীর বক্তব্যের প্রতিবাদ।

প্রেস রিলিজ ১২ জুন, ২০২৪ ১১ জুন, ২০২৪ তারিখে বিশ্বব্যাপী রয়টার্স কর্তৃক পরিবেশিত একটি সংবাদে বাংলাদে...

Celebrating a Decade of Impact: The GENKI Program of Grameen Euglena Marks Its 10th Anniversary

Celebrating a Decade of Impact: The GENKI Program of Grameen Euglena Marks Its 10th Anniversary
Press Release   Dhaka, Bangladesh, May 28, 2024 — Euglena Co., Ltd. proudly celebrated the 10th anniversary of the GENKI Program, an initiative of Grameen Euglena a joint venture between Euglena Co., Ltd. of Japan and Grameen Krishi foundation, dedicated to...