100&Change: 2020

Grameen America, Inc.

Ending the Cycle of Poverty: Financing Low-Income Women Entrepreneurs

Grameen America addresses the high rates of poverty and financial exclusion across the U.S. by disbursing microloans to entrepreneurial women in low-income communities.

DOWNLOAD: Project Factsheet
Two-page overview of proposal
Competition Participation
100_change_logo.jpg
100&Change: 2020
Subject
Gender equality
Current Work Location(s):
  • California, United States
  • Florida, United States
  • San Juan, Puerto Rico
  • Texas, United States
  • New York, United States
  • California, United States
  • Illinois, United States
  • Pennsylvania, United States
  • Texas, United States
Priority Populations:
  • Economically disadvantaged people
Sustainable Development Goals (SDGs):
  • 1. No poverty
  • 5. Gender equality
  • 8. Decent work and economic growth

Executive Summary:

Grameen America (GAI) builds upon the revolutionary but simple idea that people can lift themselves out of poverty through their own entrepreneurial spirit. Since 2008, we have not only tested the microfinance model in different markets across the U.S. to prove its viability, but we also have the research that shows that our model can empower low-income women entrepreneurs in the U.S. to build better lives for themselves, their families, and their communities. Currently, there are 40 million people living in poverty in the U.S. Women are 38% more likely to be impoverished than men and more than half of low-income children live in female-headed households. By expanding our footprint to 14 more branches, we will reach 350,000 women entrepreneurs by 2026, have a material impact on poverty alleviation, and improve the economic situation of their spouses, children and employees, changing the lives of nearly 1 million Americans.

Organization Details
Lead Organization

Grameen America, Inc.

website: http://grameenamerica.org
Organization Headquarters
New York County, New York, United States
Organization ID
20-8497991
Annual Operating Budget
$10 to $49 Million
Number of Full-time Employees
100 to 299
Type
Non-profit

Charity, fund, non-governmental organization, religious institution, school, or other entity