Grameen America, renowned for its commitment to empowering women in financially underserved communities, has unveiled a monumental investment of $4 billion in affordable loan capital directly targeted at women entrepreneurs.
In a media release by Yunus Center on Tuesday, this investment underscores Grameen America’s dedication to fostering community development and advancing women’s economic empowerment. Founded on the visionary principles of Nobel Laureate Prof Muhammad Yunus, Grameen America adopts the highly successful Grameen Bank Model, revolutionizing the lives of millions globally. Prof Yunus, serving as the chairman of Grameen America Inc., continues to steer the organization’s mission towards poverty alleviation through entrepreneurship.
This milestone marks a significant leap forward, with Grameen America allocating an unprecedented $1 billion in capital to women business owners within a single year. The organization’s rapid expansion solidifies its status as the fastest-growing microfinance entity in the US.
Since its establishment in 2008, Grameen America has disbursed $4 billion, empowering over 190,000 women across 27 US cities. With ambitious plans, it aims to scale up its annual investment to $5 billion by 2030.
Andrea Jung, president and CEO of Grameen America, expressed profound pride in this remarkable achievement, emphasizing the dedication of staff, members, and partners. She highlighted the ongoing need for accessible financial services nationwide and reaffirmed Grameen America’s commitment to providing barrier-free access to affordable capital. She emphasized the transformative impact of these investments on women’s economic mobility, their children’s futures, and the overall development of communities.
