Grameen America announces investment of $1.3b in loans for 80,000 disadvantaged black female entrepreneurs
Star Digital Report
Star Digital Report
Grameen America, the leading microfinance nonprofit organization providing business capital to low-income minority women in the United States, on May 13 announced plans to accelerate its commitment to racial equity through its new Elevating Black Women Entrepreneurs initiative. The dedicated programme, which will offer loan capital, financial training, asset and credit building tools to black women entrepreneurs, aims to expand to $1.3 billion in loans to more than 80,000 Black women entrepreneurs by 2030.
Grameen America helps increase women s financial mobility through its proven approach of engaging with and lending directly to women entrepreneurs. The organization, which has invested over $1.9 billion in more than 136,000 low-income women entrepreneurs since opening in January 2008, is positioned to reach more than half a milli