empower the world's poorest people to lift themselves out of poverty with dignity through access to financial services and to information.
Grameen Foundation supports microfinance, commonly known as "banking for the poor.” Microfinance provides small loans, savings, other financial services and technology so poor people can start or grow businesses. As a borrower’s business grows, so does her self-esteem and family’s well-being.
Grameen Foundation was founded in 1997 by individuals inspired by Professor Muhammad Yunus and Grameen Bank, Nobel Peace Prize Laureates. Professor Yunus is a founding and current board member of Grameen Foundation. Today, Grameen Foundation provides financing, technology and training to microfinance institutions that serve more than 3 million families across Africa, the Americas, Asia and the Middle East.
1. To serve 5 million impoverished families by 2008
2. Ensure fifty percent of borrowers are crossing the poverty line within five years of joining a GFUSA partner
3. Introduce three innovations to the microfinance sector that will transform it