Grameen America is a non-profit microfinance organization based in New York . It was founded in 2008 by Nobel laureate Muhammad Yunus . Grameen America provides microfinance services to women from the poorest segments of the United States , with each loan aimed at starting a small business.
| Grameen america | |
|---|---|
| Base | 2008 year |
| Founders | Muhammad Yunus |
| Location | New York  USA |
| Key figures | Muhammad Yunus , Andrea Jung , Sha Nevats |
| Site | grameenamerica.org |
History
Grameen America was founded in 2008 by pioneer of microcredit and Nobel laureate Muhammad Yunus and was named after his Bangladeshi project Grameen Bank [1] [2] .
Grameen America works with women who live below the poverty line. To obtain a loan, they need to unite in a group of five people and undergo financial literacy training [3] . After that, the group members receive $ 1,500 to start their own business. A Grameen America employee meets weekly with the borrower [3] .
By 2015, Grameen America issued microloans to 48,000 women for a total of $ 260 million [4] . The company has offices in all areas of New York, Omaha , Austin , Boston , San Jose and other US cities [1] .
The founder of the company, Muhammad Yunus, remains in it as the chairman of the board of directors. The executive director of Grameen America is Andrea Jung , a well-known businessman who headed Avon from 2009 to 2012 and is a member of the Apple board of directors [5] .
Notes
- ↑ 1 2 Free Loan-Repayment Processing Helps Microfinance Nonprofit Grameen America Increase Macro Impact on Women . Market Wired (March 4, 2015). Date of treatment May 12, 2015.
- ↑ Shaila Dewan. Microcredit for Americans . The New York Times (October 28, 2013). Date of treatment May 12, 2015.
- ↑ 1 2 THE GRAMEEN MODEL ALLEVIATES POVERTY . Grameen America. Date of treatment May 12, 2015.
- ↑ Impact . Grameen America. Date of treatment May 12, 2015.
- ↑ Joan S. Lubin. Andrea Jung, Former Avon CEO, to Run Microfinance Group . The Wall Street Journal (April 4, 2014). Date of treatment May 12, 2015.