Grameen Foundation : Where we work : United States
United States
In the United States, more than 37 million people live below the poverty line; approximately 74 percent of them are located in major metropolitan areas. A wide variety of social, historical, cultural, educational and structural factors contribute to the persistence of poverty in the world’s richest nation. Despite these obstacles, poor people are embracing microentrepreneurship as a pathway out of poverty. In fact, many clients of U.S. microlenders break out of dead-end jobs, unemployment and dependence on public assistance to become successful entrepreneurs, creating jobs for their families and their communities.
Our partner microfinance institutions in the United States:
- Project Enterprise, New York City
- The PLAN Fund, Dallas, Texas
Other Partnerships
Grameen Foundation has provided support to other microfinance and microenterprise organizations in the United States including Miami-based Microbusiness USA, one of the leading progra
The Need in the United States
ms in the country. -
Grameen Foundation also played a central role in supporting the establishment of the “New Opportunities” microfinance program of Volunteers of America’s Los Angeles chapter but has not provided financial support to that effort to date.
Supporters
Fred Deluca, the founder of Subway Restaurants, who began this billion-dollar business with a loan of $1,000 in 1965, was an early supporter of Grameen Foundation’s domestic programs along with the Charles Stewart Mott Foundation.
Learn more about microfinance for low income people in the US in Give Us Credit (Random House, 1996) by Grameen Foundation President and CEO Alex Counts.
Grameen Foundation : Where we work : United States
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.
+1-202-628-3560 www.grameenfoundation.org
You can help