“Our lives begin to end the day we become silent about things that matter.”

Martin Luther King, Jr

Saturday, February 21, 2009

Grameen Foundation. Helping Women One Loan At A Time

The Grameen Foundation has been around since 1977 and one of the things they focus on are microloans to poor women and their families. Some of these people live on less than $1 per day. With microloans, no collateral is needed to receive loans, unlike traditional loans from banking institutions. As the money is repaid it is recycled to others and in this way loans multiply the value of each dollar in defeating world wide poverty.

Much of Grameen Foundation's work is done by a network of volunteers who are committed to the Foundation's mission. In just seven years GFUSA has a global network of 50 partners in 20 countries and has impacted an estimated 5.5 million lives in Asia, Africa, the Americas, and the Middle East.


frostygirl said...

I have heard of the success of this foundation it is absolutey wonderful how many women they have helped. It just shows that you can help people $1 at a time!

ettarose said...

I think the micro loans are some of the best ways to give Women dignity and to help their families.

jesseb's anything goes said...

it is great to know that there is somewhere were ladies can get help.


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