Spotlight On Regions: Sub-Saharan Africa
Our programs in Africa are opening access to information and creating opportunities for poor entrepreneurs in a number of countries. With a new regional CEO , we are poised to broaden our footprint on the continent, expanding our reach to the poorest people living in the most remote areas. Our initiatives like AppLab and Mobile Financial Services are leveraging technology to arm the poor with much-needed knowledge and make microfinance more efficient. We have implemented Progress out of Poverty Indexes™ for seven countries and launched a two-year initiative designed to help African MFIs better target poor clients and gauge the impact of our work.
Professor Yunus Spreads the Word about Social Business during 8-City Book Tour
Social business, the concept of doing business to address a social problem, is designed to complement capitalism while addressing humanity’s critical issues, especially poverty.
Happy Mothers’ Day: Women are the Best Poverty-Fighters
When Charity’s husband forced her and their seven daughters to leave their home, Charity took their fate into her own hands. She took out a $64 loan with Yehu, our microfinance partner in Kenya, to open a stall selling coconuts. Since then, Charity has diversified the products she sells and earns enough money to fund her daughters’ educations. This Mothers’ Day, we honor mothers like Charity who use microfinance to pave the way to financial self-sufficiency for their families.
Learn more about the Pioneer Fund that helps us reach more women like Charity who live in remote, rural areas.
Des Moines Teenagers Organize Concert to Raise Money for Microfinance
After learning about the “cool, novel concept” of microfinance, Minh Tan Le, Sarah Mowitz, and Kaavya Parca held a concert in February, raising over $800 for Grameen Foundation. They began organizing the event in August 2009 with help from friends and family. “Sarah's mom woke up at 6:00 a.m. one morning to print posters for us,” Kaayva said. Those posters, along with good grassroots promotion helped spread the word about our work and how we're helping to change lives. "Obviously no contribution can be too small,” Kaavya said. “But don't be afraid to think big when you're planning a fundraiser."
International Day of Families: Celebrating Our Impact on Millions of Poor
According to the Microcredit Summit Campaign, more than 106 million of the world’s poorest families received microloans in 2007. Since 1997, Grameen Foundation’s programs and resources have helped more than 45 million poor people, mostly women, improve their lives. In honor of International Day of Families on May 15, we thank you for supporting our efforts to empower these families in their journeys toward financial self-sufficiency.
This year’s holiday examines how remittances have affected the poverty level worldwide. Learn how our partner Fonkoze worked to make these funds available to victims of the Jan. 12 earthquake in Haiti.
Software Teams Hone Skills to Improve Technology that Helps Serve the Poor
How can Grameen Foundation help lift people out of poverty? Software developer Adam Monsen says one way is to work more cohesively to provide local organizations with dynamic and efficient technology. In March, Adam participated in a boot camp/action camp with our Technology for Microfinance (T4MF) team in Seattle, WA. The boot camp immersed the team in training specifically designed to help groups work more effectively. During the action camp, they used this training to enhance Mifos , our versatile management information system that our local partners use to better serve the poor on a larger scale.