Grameen Foundation : Resource Center : Print Newsletter : Spring 2006
Cover story: |
In this issue:
Growth Guarantee Generates $750,000 for Tunisian MFI
Grameen Foundation USA (GFUSA) announced its innovative Growth Guarantees Program in September 2005. It is the organization’s largest financing program to date. The Growth Guarantees aims to pump a tremendous US$300 million in microfinance loans to benefit more than a million poor people around the world to help them start, sustain or grow their own businesses.
GFUSA’s Open Source Project to Innovate Microfinance
A revolutionary shift in technology for the microfinance sector is on the horizon with Grameen Foundation USA’s Microfinance Open Source Project (Mifos).
Annual Fund Named in Honor of James and Betty Sams
GFUSA lost one of its most devoted friends in the fight against global poverty when Jim Sams passed away in December 2005 from lymphoma. An international lawyer, businessman, GFUSA board member and past chair, he was recognized worldwide for his activism for peace and social justice.
Tsunami Survivors Rebuilding with Microfinance
In December 2004, the devastating tsunami took an estimated 220,000 lives and left more than 1.6 million survivors homeless. Grameen Foundation USA (GFUSA) quickly mobilized and conducted the only systematic, regional survey of how microfinance could help tsunami-affected countries with sustainable development.
”Village Phones” Connecting Uganda’s Rural Villages
The success of the Village Phone Uganda program continued exceeding expectations in 2005. The program is accelerating the rise above poverty for more than 3,500 microfinance clients and bringing telecommunications for the first time to the country’s remote areas.
Nigeria Partner Gives Hope to More than 40,000
LAPO’s transformation and expanded capacity puts it on a solid trajectory to meet a goal of reaching 225,560 clients by 2008.
Letter From the President
2006 as a year of growth, innovation and synergy.
Grameen Foundation : Resource Center : Print Newsletter : Spring 2006
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.
+1-202-628-3560 www.grameenfoundation.org
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