Grameen America provides affordable capital, credit-building services, access to free savings accounts, financial education, and peer support to enable program participants to boost their incomes, build assets, enter the mainstream financial system and create jobs in their communities.
Grameen America targets the most disadvantaged US communities who face the greatest barriers to economic independence.
Fondation CHANEL is partnering with Grameen America to expand their microloan, asset- and credit-building programs which empower low-income women entrepreneurs to provide a better life for themselves, their families, and their communities in 4 US metropolitan areas. Support is also being used to pilot a health and wellness program.
Founded by Nobel Peace Prize winner Muhammad Yunus, Grameen America is a nonprofit microfinance organization empowering women who live in poverty to build small businesses to create better lives for their families. It has provided over $1 billion in small business loans and engaged over 100,000 low-income women in its program to date.
Number of women who have benefitted from economic security and small business creation in 4 cities
Number of additional jobs that have been created in 4 target cities through women-owned businesses