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 »

 

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:

Hillary Clinton Announces Grameen America’s Commitment to Invest $50MM in Harlem

Hillary Clinton announced at the 2014 Clinton Global Initiative Annual Meeting Grameen America’s commitment to invest $50 million in over 7,000 women-owned businesses in Harlem through 2020.

In 2008, Nobel Peace Laureate Muhammad Yunus successfully implemented his microfinance model in Queens and is now expanding this program to serve low-income women in Harlem.

Grameen America 2014 CGI Announcement

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

Grameen America will partner with Citi Community Development, the Upper Manhattan Empowerment Zone and the Dalio Foundation to launch the new initiative.

“Grameen America believes in women as the engines of local economies,” said President and CEO Andrea Jung. “The solution to economic inequality is not charity; it is sustainable social business.”

LIVE: Grameen America to be Featured at 2014 CGI Annual Meeting

Tune in on Wednesday, September 24 at 9:40am EST to watch as Grameen America Board Chair Muhammad Yunus, President & CEO Andrea Jung, and Secretary Clinton announce Grameen America’s new commitment at the 2014 Clinton Global Initiative Annual Meeting.

Clinton Global Initiative

Grameen America Chair Muhammad Yunus at Clinton Global Initiative Annual Meeting