With a love for baking homemade desserts, Joanna took a risk and started her own dessert catering business out of her home in Oakland.
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Earlier this year, Grameen America opened its 24th branch location in New Jersey, injecting much-needed affordable capital into the hands of minority women entrepreneurs in Trenton and Camden.
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Grameen America, a nonprofit community development financial institution helping low-income women entrepreneurs build small businesses, announced today it has received a $1.5 million grant from Truist Foundation to strengthen its current program model to empower Black women entrepreneurs.
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Grameen America is proud to announce that we have reached a historic milestone of investing $2 billion in microloans to microentrepreneurs.
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Andrea Jung, President & CEO of Grameen America shares the organization’s commitment to addressing the racial wealth gap.
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The dedicated program, which will offer loan capital, financial training, asset and credit building tools to Black women entrepreneurs, aims to expand to $1.3 billion in loans to more than 80,000 Black women entrepreneurs by 2030.
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Blanca runs El Baraton, a family-owned and operated clothing store in Jackson Heights, New York, where she sells a curated mix of new and secondhand clothing, shoes and accessories.
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Shirley owns Grandma’s Old Fashion Butter Bunches, a local Fresno business that sells over two dozen varieties of gourmet popcorn across the Central Valley.
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Grameen America Branch Manager, Andrea Cabrera, has seen first-hand how powerful small loans are for the women in our program as she supported the MDRC study in Union City.
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