Grameen Foundation‘s focus on accountability, transparency and excellence has earned us numerous awards from the philanthropic community. Among these is American Institute of Philanthropy’s Top-Rated Charity designation, Better Business Bureau’s Accredited Charity designation, and a four-star rating from Charity Navigator for three years in a row, a distinction that fewer than 9 percent of nonprofits achieve.
2006 Nobel Peace Prize: Muhammad Yunus & Grameen Bank
Prof. Muhammad Yunus and Grameen Bank received the Nobel Peace Prize in 2006 in Oslo, Norway, for their pioneering work in fighting global poverty through loans and other financial services for the poor.
Known as “the father of microcredit” and “banker to the poor,” Professor Yunus started the microcredit revolution with a loan of $27 to 43 poor women in 1976. Since then, he and Grameen Bank have helped more than 8.3 million borrowers, 97 percent of whom are women. The Nobel Peace Prize committee sent a powerful message to the world: We cannot have peace if billions live in abject poverty.
Recognizing Yunus’s accomplishment brings us closer to eradicating poverty. The Nobel Peace Prize Committee cited microcredit as “one such means” of breaking out of poverty and credited Prof. Yunus and Grameen Bank for showing “that even the poorest of the poor can work to bring about their own development.”
When the Nobel Peace Prize was awarded, one of the largest global viewing audiences in the ceremony’s history watched via satellite and the Internet. In the United States, events were held in 18 states and in Washington, DC. Other gatherings were held in cities throughout Europe, as well as parts of Africa, Latin America, Asia, the Arab World and Bangladesh, Professor Yunus’s home.
“Muhammad Yunus is a leader whose practical actions benefit millions of people not only in Bangladesh but in many other countries,” Grameen Foundation President Alex Counts said. “As people gather all over the world to celebrate his remarkable accomplishments, we hope it inspires them to take real action to support microcredit and its mission of empowering the poor, especially women, to build new lives for their families.”
Philanthropedia High-Impact Nonprofit
Philanthropedia, an online resource for donors owned by nonprofit-evaluator Guidestar, recently recognized Grameen Foundation as one of 11 high-impact nonprofits working in the field of international microfinance. Philanthropedia surveyed 77 experts working in the field of international microfinance to identify those organizations that are making the biggest positive impact at the international level. The experts reviewed 119 nonprofits, identifying 11 top organizations of which Grameen Foundation ranked second.
Better Business Bureau Wise Giving Alliance
Grameen Foundation was first awarded the BBB Wise Giving Alliance Seal in 2007, in recognition of our outstanding industry practices, and continues to hold the designation. Before national charities can apply to use the seal, they must undergo evaluation by the BBB Wise Giving Alliance. This involves rigorous scrutiny of a charity’s governance, effectiveness, finances, solicitations and informational materials. The standards go far beyond what government regulators require.
Charity Navigator helps individuals give wisely by providing information on nonprofit organizations’ efficiency, capacity and operational expenses. Grameen Foundation is proud to have earned three out of four stars—including a rating of 70 out of 70 for accountability and transparency—from this prestigious independent organization.
2013 ImpactAssets 50
The ImpactAssets 50 (IA 50) is the first publicly available database of experienced private debt and equity impact investment fund managers. This annually updated list is a gateway into the world of impact investing for investors and their financial advisors, offering an easy way to identify experienced impact investment firms. The IA 50 is intended to illustrate the breadth of impact investment fund managers operating today. The 50 firms have been selected to demonstrate a wide range of impact investing activities across geographies, sectors and asset classes.
2013 Computerworld Honors Program Laureate
In 2013, Grameen Foundation’s innovations in mobile health (mHealth) program was honored as a 2013 IDG Computerworld Honors Program Laureate. The annual award program honors visionary applications of information technology promoting positive social, economic and educational change. Grameen Foundation was nominated for its work using mobile phones to collect and disseminate health information in poor and underserved communities.
2011 Global Telecom Business (GTB) Innovation Award
Grameen Foundation, Qualcomm's Wireless Reach™ initiative, Ruma and Bakrie Telecom were awarded the 2011 Global Telecom Business (GTB) Award for the Best Mobile Application Innovation in recognition of our work with AppLab Indonesia. Global Telecom Business is the leading magazine for senior managers at telecommunications businesses. Its awards recognize innovative projects in the telecom industry that GTB readers and judges believe make a difference in the communications sector.
2010 Forum for Innovative Financial Solutions
Grameen Foundation was selected as one of 20 finalists out of a pool of 800 for a top prize at the Marketplace on Innovative Financial Solutions for Development in 2010. This award recognized our work integrating technology systems and processes to build a model for enabling microfinance institutions to fully leverage the power of technology in their operations, lower their overall costs, and expand their client base and product offering.
2010 Global Mobile Award for Best Use of Mobile for Social and Economic Development
At the 2010 Mobile World Congress, Grameen Foundation's AppLab was awarded the Global Mobile Award for Best Use of Mobile for Social and Economic Development in recognition of its use of mobile communications to bridge the "digital bridge." We received the award together with MTN Uganda and Google SMS.
2009 AfricaCom Award for Best Solution for Rural Services
Grameen Foundation's AppLab won the 2009 AfricaCom Award for Best Solution for Rural Services, in recognition of the app’s contribution to significantly improving access to telecommunications in rural areas. We received the award together with MTN Uganda and Google SMS.
SEEP Network 2007 Member of the Year
Grameen Foundation was honored as the 2007 Member of the Year by the Small Enterprise Education and Promotion (SEEP) Network, the leading international network and promoter of best practices in enterprise development and financial services geared toward reducing poverty.
The Fast Company/Monitor Social Capitalist Awards is the only award program that quantitatively measures a nonprofit’s innovation and social impact, as well as the viability and sustainability of its business model. For three years in a row, Grameen Foundation was recognized for its groundbreaking work in expanding the reach of microfinance around the world while applying innovative technology to increase efficiency and provide new opportunities for the poor.
American Institute of Philanthropy Top-Rated Charity
Grameen Foundation is designated a top-rated charity by American Institute of Philanthropy, recognized for maintaining high financial standards, including low fundraising costs, reasonable asset reserves and an "open book" financial records policy.
Tech Museum Awards
In October 2004, the Tech Museum of Innovation announced the 25 laureates for the 2004 Tech Museum Awards. Grameen Technology Center was awarded one of five Accenture Economic Development Awards for its work on the Village Phone Program. The Tech Awards are designed to honor individuals and for-profit, public and not-for-profit organizations from around the world that are applying technology to profoundly improve the human condition in the areas of environment, economic development, education, equality and health.
Pro-Poor Innovation Award
In recognition of our innovation in providing access to financial services to very poor clients, Grameen Foundation was awarded the Pro-Poor Innovation Award by the Consultative Group to Assist the Poor (CGAP) for our work on the Village Phone program. The Pro-Poor Innovation Challenge (PPIC) gives awards up to $50,000 to microfinance organizations that have developed innovative methodologies to deepen poverty outreach and impact.