Grameen America provides small loans, known as “microloans”, and other financial services to people with very low incomes, especially women, who are looking to start or grow their small businesses. Grameen America relies on the Grameen lending model developed by Grameen Bank in Bangladesh.
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| Microfinance |
Microfinance is widely acknowledged as an effective and sustainable solution in the fight against poverty. Microfinance is the supply of small loans and other basic financial services to the poor.
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| The Grameen Lending Model |
Grameen America uses the Grameen group lending and savings model that has been developed and refined over thirty years by the Grameen Bank. The basis of the system is a peer group model in which borrowers encourage, support and learn from each other.
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| Poverty in the U.S. |
Despite the status of the United States as one of the wealthiest countries in the world, a significant fraction of the population lives below the poverty line and more than 28 million people are without a bank account.
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