MICROCAPITAL STORY: Grameen Foundation USA and Abdul Latif Jameel Group of Saudi Arabia Launch the For-Profit Joint-Venture Grameen-Jameel Pan-Arab Microfinance Limited

The Grameen Foundation USA (GFUSA), a Washington, D.C.-based non-profit member of the Grameen Group, and Abdul Latif Jameel Group, a Saudi Arabia-based for-profit business group, have been partners for four years in an effort to expand microfinance to the Arab world. Their next step is the creation of joint-venture Grameen-Jameel Pan-Arab Microfinance Limited, which will provide debt financing for microfinance institutions (MFIs) through its loan guarantee facility, expanding upon the work of its predecessor, Grameen-Abdul Latif Jameel Pan-Arab Initiative. In addition, Grameen-Jameel will provide training and support information sharing among MFIs.
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