Grameen Jameel Microfinance Ltd.
Since 2003, Grameen Foundation has supported microfinance across the Middle East and North Africa region as a means of creating opportunities for the area’s poorest, especially women. In 2007, we collaborated with Bab Rizq Jameel Limited, a subsidiary of the Abdul Latif Jameel Group (ALJ), to found Grameen-Jameel Microfinance Limited (Grameen-Jameel). Headquartered in Dubai, Grameen-Jameel is a joint venture company that oversees all regional activities for Grameen Foundation. Modeled after the social business concept championed by Professor Muhammad Yunus, the company reinvests profits into the business rather than distributing dividends, which keeps capital flowing into the hands of borrowers who need it.