Grameen America was founded in and inspired by Grameen Bank, a Bangladeshi project that was started by economics Professor Muhammad Yunus to provide micro-loans small-dollar loans to poor women in Bangladesh. He saw the need for such a product on a visit to a poor village with his students in He began his microlending in by helping a group of 42 basket weavers.
The bulk of her financial issues related to loans she took from payday lenders. In order to make ends meet, Matilde started selling homemade quesadillas from a stall outside her store. The high demand for her food spurred Matilde to refocus her shoe business towards opening a restaurant. Matilde relishes the opportunity to connect with other business owners at her weekly center meetings. Now on her thirteenth loan, Matilde recently invested in three refrigerators, a grill, and a van to service catering events.
Matilde believes that Grameen America has given her the head start she needed to transform her life. Matilde is saving regularly through the support of the program and hopes to inspire her children to join her business one day.
Her most popular product is the Texan boots. Before opening the business, Aurora was tired of working hard for someone else, so she stretched her meager savings to open the store on a shoestring. Women receive only 4 percent of all small business loans from maintream financial institutions.
Women entrepreneurs often just need a little capital and support to help them reach their goals. Who We Serve Our target population is women who live below the federal poverty line, for whom the mainstream financial system is currently out of reach.
The Problem It's hard to break the cycle. Founded: Contact: Stephen A. Vogel, Chief Executive Officer.
0コメント