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Grameen Foundation : Resource Center : Print Newsletter : Fall 2006

Fall 2006

Cover story:
New Opportunity Ringing in Rwanda
Rwandans now have the opportunity to escape poverty by purchasing the cellular phone service “Tel’imbere” (translated to “using the telephone to move forward”) with a microfinance loan.

In this issue:

Haiti Partner Giving More Than Microfinance
In Haiti, the Western hemisphere’s poorest country, microfinance is helping poor women like Claudette in many more ways than the vital role of establishing her own business. Our local Haitian partner, Fonkoze, offers a wide range of programs to ensure that the people they serve have the best chance of escaping poverty.

New Look, New Location, Same Commitment
To reflect our global focus, Grameen Foundation is launching a new look and Grameen Foundation USA will now be referred to as Grameen Foundation.

President's Message
Halfway through our strategic plan, we are on course to having a significant impact on global poverty.

Alfonso Soriano: Playing To Win The Fight Against Poverty
U.S. major league baseball superstar Alfonso Soriano knows baseball as well as what it’s like to live in poverty. That’s why Mr. Soriano is partnering with Grameen Foundation (GF) to help thousands of the poorest individuals in the Dominican Republic, his native country, to escape poverty through microfinance. Long-time GF supporter Mona Bentz had a chance to sit down with Mr. Soriano to discuss his interest in microfinance and how the Andrea Soriano Fund, named after his mother, is benefiting the extreme poor in the Dominican Republic.

Um Khaled: Successful Product Reseller
Um Khaled's loan from Grameen-Abdul Latif Jameel Initiative partner, Al-Tadamun, provided her with capital to increase the inventory of her store and generate greater profits.

GF Research Advances Industry Knowledge

New Partnership Brings Hope For Latin America's Poorest
More than 50 million people living in extreme poverty in Latin America and the Caribbean gained new hope for benefiting from microfinance, thanks to an alliance between Grameen Foundation (GF) and Global Partnerships (GP).

Gates Foundation Awards $1.5 Million In Support Of Strategic Plan
Grameen Foundation received a great boost towards its strategic plan to scale up microfinance globally with a $1.5 million grant in support of its mission from the Bill & Melinda Gates Foundation.

Grameen Shikkha: Scholarships Of Hope
For children living in extreme poverty in Bangladesh, the chance for higher education is a welcomed opportunity.



Grameen Foundation : Resource Center : Print Newsletter : Fall 2006

- Grameen Foundation - Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.

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