X

Type keywords like Social Business, Grameen Bank etc.

Grameen America Plans to Invest $40 Billion For Underserved Women of USA In Next Ten Years

Grameen America Plans to Invest $40 Billion For Underserved Women of USA In Next Ten Years

Yunus Centre Press Release – May 28, 2024

 

On May 20, 2024, Grameen America Inc. (GAI), the fastest-growing nonprofit microfinance organization in the United States of America, announced the opening of its new branch  in Phoenix, Arizona, with significant philanthropic support from the Wells Fargo Foundation. To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand its operations to Phoenix and advance the organization’s technology and digital platforms.

 

With the funding from Wells Fargo, Grameen America estimates the new branch will disburse nearly $14 million in capital to over 2,000 low income women  by the end of 2026. Since launch, the Phoenix branch has already disbursed over $327,000 in loan capital through microloans supporting more than 130 women entrepreneurs. 

 

Earlier this year, in February 2024, Grameen America reached the milestone of investing $4 billion in affordable microloans directly to women-run businesses. This accomplishment is a groundbreaking milestone for the organization, marking the first time in its history that it has provided an unprecedented speed of $1 billion-a-year in capital to women business owners.  This achievement solidifies Grameen America's position as the fastest-growing microfinance organization in the United States.

 

Since its establishment in 2008, Grameen America has disbursed over $4 billion in microloans to more than 197,000 women entrepreneurs across 27 U.S. cities in 14 states maintaining a loan repayment rate of over 99%. Grameen America plans to invest $40 billion of loan capital in underserved women entrepreneurs by 2033.

Caption for photo: Grameen America Opens New Branch in Phoenix, Arizona with Support from Wells Fargo.

 

End

Related

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...

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...

গ্রামীণ ইউগ্লেনার  GENKI প্রোগ্রাম এর এক দশক উদযাপন

গ্রামীণ ইউগ্লেনার  GENKI প্রোগ্রাম এর এক দশক উদযাপন
প্রেস রিলিজ ঢাকা, বাংলাদেশ, ০৬ জুন ২০২৪ঃ গত ২৮ মে, ২০২৪ বিভিন্ন স্কুলের ছাত্র শিক্ষক, বিভিন্ন প্রতিষ্ঠ...

Rejoinder to Grameen Bank’s Allegations against Professor Yunus

Rejoinder to Grameen Bank’s Allegations against Professor Yunus
Yunus Centre Press Release (30 May 2024)   Allegation In the nineties, when Dr Yunus was the Managing Director of Grameen Bank, Packages Corporation Limited, a business entity of Dr Yunus and his family located in Chittagong, was given a loan of Tk 9.5 crore wit...

মার্কিন যুক্তরাষ্ট্রের সুবিধাবঞ্চিত নারীদের জন্য আগামী দশ বছরে ৪০ বিলিয়ন মার্কিন ডলার বিনিয়োগের পরিকল্পনা করেছে গ্রামীণ আমেরিকা

মার্কিন যুক্তরাষ্ট্রের সুবিধাবঞ্চিত নারীদের জন্য আগামী দশ বছরে ৪০ বিলিয়ন মার্কিন ডলার বিনিয়োগের পরিকল্পনা করেছে গ্রামীণ আমেরিকা
ইউনূস সেন্টার প্রেস রিলিজ – মে ২৮, ২০২৪   ২০ মে, ২০২৪: মার্কিন যুক্তরাষ্ট্রের সবচেয়ে দ্রুত বর্ধনশী...

Yunus on European Social Business Tour: Explaining Autonomous Intelligence, Social Procurement, Nobin Entrepreneurs & Paris Olympics

Yunus on European Social Business Tour:  Explaining Autonomous Intelligence, Social Procurement, Nobin Entrepreneurs & Paris Olympics
Yunus Centre Press Release – May 19, 2024   Nobel laureate Professor Yunus was hosted by the Fondazione Milano Cortina, which organized an event titled "Meet the Partners," with the well-known global brands supporting the Milano Cortina Winter Olympics 2026...

Yunus Meets President of Italian Republic Sergio Mattarella

Yunus Meets President of Italian Republic Sergio Mattarella
Yunus Centre Press Release – May 16, 2024   On May 11, 2024, Nobel Laureate Professor Muhammad Yunus had an audience with the President of Italian Republic Sergio Mattarella at the Presidential Palace along with his fellow Nobel Peace Prizes Laureates from ...

ইতালীয় প্রজাতন্ত্রের প্রেসিডেন্ট সার্জিও মাতারেলার সাথে ইউনূসের সাক্ষাৎ

ইতালীয় প্রজাতন্ত্রের প্রেসিডেন্ট সার্জিও মাতারেলার সাথে ইউনূসের সাক্ষাৎ
ইউনূস সেন্টার প্রেস রিলিজ – মে ১৬, ২০২৪   ১১ মে ২০২৪, নোবেল বিজয়ী অধ্যাপক মুহম্মদ ইউনূস প্রেসিডেন্...

Yunus Meets Pope Francis: urges immediate action on Palestine and all conflicts across the world

Yunus Meets Pope Francis: urges immediate action on Palestine and all conflicts across the world
Yunus Centre Press Release – May 15, 2024   Nobel Laureate Professor Muhammad Yunus met with the Pope and discussed global challenges at the Vatican City on May 11, 2024. Professor Yunus was the co-chair of the Peace Round Table of the second World Meeting ...