ANNUAL REPORT 2022
ANNUAL REPORT 2018
HER
SUCCESS
LIFTS
AMERICA
"THROUGH THE GRAMEEN AMERICA PROGRAM, I HAVE MADE FRIENDS, MADE NEW PEOPLE, AND LEARNED FROM OTHER BUSINESS OWNERS."
HEATHER
In the most rigorous, independent, third-party evaluation of microfinance in the United States to date, top-tier research organization MDRC is assessing Grameen America’s program in Union City, New Jersey. MDRC used a randomized controlled trial design—the gold standard of research methods that uses the same rigorous methods as pharmaceutical trials. While there have been several evaluations of international microfinance programs, few robust studies, and no randomized controlled trials, have been conducted of U.S. microfinance programs —until now.
THE FIRST-EVER RANDOMIZED CONTROLLED TRIAL OF MICROFINANCE IN THE U.S.
ANNUAL REPORT 2022
WOMEN
ARE
LIMITLESS
UNLOCKING THE FINANCIAL POWER OF FUTURE LEADERS
ANNUAL REPORT 2018
HER
SUCCESS
LIFTS
AMERICA
ANNUAL REPORT 2018
HER
SUCCESS
LIFTS
AMERICA
Grameen America is dedicated to helping entrepreneurial women who live in poverty build businesses to enable financial mobility.
A special message from our National Ambassador
The Elevating Black Women Entrepreneurs initiative is a dedicated program offering loan capital, business development training, and asset and credit-building tools to Black women business owners in financially underserved communities. The initiative, which has already reached 1,221 women in New York City, Newark, NJ, Memphis, TN, and Atlanta, GA, aims to expand to more than 80,000 Black women entrepreneurs by 2030, investing $1.3 billion in their small businesses.
Closing the financial gap for Black business women
Grameen America is designing an improved savings program available to current members with an active loan. We will pilot the new Grameen America Savings Program aimed at supporting long-term asset-building in 2023. Our goal is to promote positive money-saving habits and offer a product that is tailored to the specific needs of the low-income women entrepreneurs we serve.
Piloting a new, innovative savings solution
OUR VISION
Grameen America envisions an inclusive society in which all entrepreneurs, regardless of gender, race, or income, have access to fair and affordable financial services to support upword economic mobility.
"What I love most is having a sisterhood of other women who understand my challenges. "
Nicole Event Business Owner in Newark, NJ
First-of-its-kind study determines Grameen America’s micro-lending program reduces material hardship and increases creditworthiness, business ownership and earnings among women in poverty. It marks the first time a microfinance institution in the United States has been evaluated using a randomized controlled trial, the gold standard of evaluations.