Grameen America has announced an investment of $ 4 billion in affordable loan capital directly to women entrepreneurs in financially underserved communities, reports UNB.
This investment demonstrates the organization's commitment to empowering women and fostering community development, according to a media release sent by Yunus Center on Tuesday.
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 organisation's rapid growth solidifies its position as the fastest-growing microfinance organization in the United States.
Since its inception in 2008, the 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.
Grameen America invests $4b for women entrepreneurs
FE Team | Published: February 27, 2024 23:28:12
Grameen America invests $4b for women entrepreneurs
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