| Grameen Foundation | |
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| Founder(s) | Alex Counts |
|---|---|
| Type | 501(c)(3) |
| Founded | 1997 |
| Headquarters | Washington, D.C., USA |
| Key people | Alex Counts – President & CEO Paul Maritz – Chair Muhammad Yunus - Founding Board Member |
| Area served | Asia, Africa, the Americas, Middle East |
| Focus | Poverty |
| Method | Microfinance |
| Slogan | Empowering people. An entrepreneur is a person who has possession over a company enterprise, or Venture, and assumes significant accountability for the inherent risks and the outcome 501(c is a provision of the United States Internal Revenue Code ( listing 28 types of Non-profit organizations exempt from some federal Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar Washington DC ( formally the District of Columbia and commonly referred to as Washington, the District, or simply D The United States of America —commonly referred to as the Paul Maritz (born 1955 is CEO of VMware Corporation (NYSEVMW and a past senior executive at Microsoft. Muhammad Yunus (মুহাম্মদ ইউনুস pronounced bn-Latn ''Muhammôd Iunus'' (born 28 June 1940 is a Bangladeshi Banker and Economist The Americas are the lands of the Western hemisphere or New World, consisting of the Continents of North America and South America The Middle East is a Subcontinent with no clear boundaries often used as a synonym to Near East, in opposition to Far East. Poverty (also called penury) is deprivation of common necessities that determine the quality of life including food clothing shelter and safe Drinking water, and Microfinance refers to the provision of financial services to poor or low-income clients including consumers and the self-employed A slogan is a memorable Motto or Phrase used in a Political, commercial, Religious and other context as a repetitive expression of Changing lives. Innovating for the world's poor. |
| Website | www.grameenfoundation.org |
Grameen Foundation, founded as Grameen Foundation USA, is a global 501(c)(3) non-profit organization based in Washington DC that works to replicate the Grameen Bank microfinance model around the world through a global network of partner microfinance institutions. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages 501(c is a provision of the United States Internal Revenue Code ( listing 28 types of Non-profit organizations exempt from some federal A non-profit organization ( abbreviated "NPO" also "not-for-profit" is a legally constituted Organization whose objective is to support or engage Washington DC ( formally the District of Columbia and commonly referred to as Washington, the District, or simply D The Grameen Bank (গ্রামীণ ব্যাংক is a Microfinance organization and Community development bank started in Bangladesh that Microfinance refers to the provision of financial services to poor or low-income clients including consumers and the self-employed Microfinance refers to the provision of financial services to poor or low-income clients including consumers and the self-employed Its CEO is Alex Counts.
It is separate from organizations called Grameen Foundation in different countries, such as Grameen Foundation Australia. [1]
Contents |
History
The Foundation was founded in 1997 as a vehicle to replicate the model of Grameen Bank beyond the borders of Bangladesh and increase the access of poor people to microfinance by millions worldwide. The Grameen Bank (গ্রামীণ ব্যাংক is a Microfinance organization and Community development bank started in Bangladesh that ( Bengali: বাংলাদেশ inc-Latn Bangladesh) officially Muhammad Yunus, the founder and managing director of Grameen Bank, sits on the Board of Directors. Muhammad Yunus (মুহাম্মদ ইউনুস pronounced bn-Latn ''Muhammôd Iunus'' (born 28 June 1940 is a Bangladeshi Banker and Economist Current chair of the board is Paul Maritz, founder of Picorp and formerly a senior executive at Microsoft. Paul Maritz (born 1955 is CEO of VMware Corporation (NYSEVMW and a past senior executive at Microsoft.
Approach
Grameen Foundation operates under the mission, "to empower the world's poorest people to lift themselves out of poverty with dignity through access to financial services and to information. "[2]
Reach
As of December 2007, Grameen Foundation works with 53 microfinance institutions reaching 6. 2 million clients across 23 countries. In total, the network impacts an estimated 31 million lives in Asia, Africa, the Americas, and the Middle East. The Americas are the lands of the Western hemisphere or New World, consisting of the Continents of North America and South America The Middle East is a Subcontinent with no clear boundaries often used as a synonym to Near East, in opposition to Far East. [3]
In April 2007, the Grameen Foundation and Abdul Lateef Jameel Co. joint venture was formally established under the name Grameen-Jameel Pan Arab Microfinance Ltd. Known as Grameen-Jameel for short, it serves the Middle East and North Africa region where it represents Grameen Foundation. Grameen-Jameel is currently headquartered in Beirut, Lebanon.
Trivia
Voted into the top 25 of world changing ideas in 2007 Members Project by American Express cardholders. American Express ( sometimes known as " AmEx " or " Amex " is a diversified global Financial services company headquartered in
Further reading
- Yunus, Muhammad (1999). Banker to the Poor: Micro-lending and the Battle Against World Poverty. New York: PublicAffairs. ISBN 1-891620-11-8.
- Measuring the Impact of Microfinance: Taking Stock of What We Know; Nathanael Goldberg, December 2005.
- iinnovate podcast series interviews Alex Counts, founder and CEO of Grameen Foundation
External links
- Official site
- Grameen-Jameel Pan Arab Microfinance Ltd.
- Grameen Foundation Australia, replicating the Grameen Bank model within South East Asia
- Nokia, Grameen Collaborate for African Villages Highway Africa News Agency, November 25, 2005. [4]
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