This Man is a Rock Star

Grameen America Founder and Nobel Laureate, Professor Muhammad Yunus, inspires action at the The Global Citizen Festival in Central Park, NYC. More »

Business blooms for Sabina

With disciplined savings into an account set up at a commercial bank through Grameen America, Sabina had the capital to invest. More »

Professor Yunus Cuts the Rope

Professor Yunus launched Grameen America in 2008 in the wake of the financial crisis. Four years later, we have reached 12,000 families and counting... More »

 

WATCH: Secretary Clinton and Andrea Jung on Women’s Economic Participation

Tune in Thursday at 12:45 p.m. EST to watch Secretary Hillary Rodham Clinton speak on the power of women’s economic participation at an event sponsored by the Georgetown Institute for Women, Peace and Security. The talk will be part of the institute’s relaunch of the International Council on Women’s Business Leadership at Georgetown.

The council will examine the most pressing issues in international business and economic policy as they pertain to women’s economic participation and advancement.

Melanne Verveer, executive director of GIWPS and former U.S. Ambassador for Global Women’s Issues, will moderate a panel discussion following Clinton’s remarks.

Broadcast live streaming video on Ustream

Grameen America President & CEO Andrea Jung, Secretary Clinton, and Grameen America Chair Muhammad Yunus at the Clinton Global Initiative 2014 Annual Meeting

Grameen America President & CEO Andrea Jung, Secretary Clinton, and Grameen America Chair Muhammad Yunus at the Clinton Global Initiative 2014 Annual Meeting

 

Technology Revolutionizing the Banking Industry

NFCWristbandMobile banking is the new frontier of financial services. New mobile banking capabilities have completely revolutionized the way that people transact and move money. Even social networking sites like Twitter and Facebook have jumped onto the electronic banking industry bandwagon.

In India, Kotak Mahindra Bank has developed a money transfer service called Kaypay, which allows Facebook users to send money to friends without requiring any bank account numbers. Similarly, the French bank Groupe BPCE allows Twitter users in France to ‘tweet’ money to one another using an S-money service.

The rise in popularity of electronic banking has led to increased concerns over cyber security breaches and identity theft. A behavioral biometrics company BehavioSec may have found a solution to this problem. BehavioSec has developed multilayered security technology that monitors mobile users’ unique behavior while operating their device. This ‘Unique behavior’ includes attributes such as key sequence, pressure, speed and swipe. The technology can be used to prevent unauthorized users from accessing a mobile device or logging in to applications. Learn more here.

In addition to software technology, the banking industry has also seen new hardware innovations to assist in transacting. Spain’s CaixaBank launched an NFC-enabled wristband which enables the wearer to make contactless payments.

This new technology is quickly changing the face of financial services. What will we see next?

The Importance of Building Credit

The New York Times’ Patricia Cohen just published an article about the importance of building credit. Mission Asset Fund, a non-profit group based out of San Francisco, works with informal lending groups and reports loan repayments to credit rating agencies. “A credit report is like a passport to the financial marketplace,” said José Quiñonez, the chief executive of Mission Asset Fund. “Without that passport, you’re denied entry.”

Grameen America recognizes the need for access to capital and credit building as a core component of our program. In addition to providing loans and free savings accounts to women entrepreneurs, Grameen America reports repayments to credit agencies so that borrowers are building credit history along the way. This helps them overcome barriers of entry to the mainstream financial system.

Read the full article here.

Grameen America member fixes the display at her new storefront

Grameen America member sets up the display at her new storefront

WATCH: Bloomberg TV Features Grameen America President & CEO Andrea Jung

SEP 24 – Bloomberg TV’s Taking Stock with Pimm Fox featured Grameen America President and CEO Andrea Jung discussing the importance of investing in women-owned businesses, and the organization’s new commitment to invest $50 million in Harlem.

Watch the full interview: