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Grameen Foundation : Resource Center : Print Newsletter : Spring 2004

Spring 2004

Cover story:
25,000 Indian Poor to Benefit from Microfinance Deal
GFUSA plays key role in generating much-needed microloan capital

In this issue:

MTN villagePhone Update

What's Next for India?

Borrower Profile: Sobi Begum Realizes Her Dream
Founded in 1976 by Dr. Muhammad Yunus, the Grameen Bank has loaned more than $4 billion to 3.1 million of the poorest families in Bangladesh, giving them the opportunity to work towards lives free from poverty. Inspired by this success, GFUSA works to create the same opportunity for poor women around the globe. Here, GFUSA staff member Robert Sassor describes the journey out of poverty of one Grameen Bank borrower he met recently in Bangladesh.

The Miracles of Barefoot Capitalism
Jim Klobuchar and his wife Susan Cornell Wilkes have traveled and worked around the world, bearing witness to the injustice of poverty. In their book, The Miracles of Barefoot Capitalism, published by Kirk House Publishers in 2003, they share their first-hand experiences with microfinance in hopes that they inspire readers to get involved. In the excerpts below, Susan describes the impact she has seen microfinance have on women, their families, and their communities around the world.

GFUSA Partners: The Chiapas Project
Women Changing the World for Women

Donors' Corner: Bill Clapp
Advocating for Global Change

GFUSA's Entry into Arab World Yields Fast Results
First Microfinance Partner nearly triples its outreach to the poor



Grameen Foundation : Resource Center : Print Newsletter : Spring 2004

- Grameen Foundation - Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.

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