MICROCAPITAL BRIEF: Grameen Foundation Wins $200,000 Funding from the Members Project of American Express and TakePart

Grameen Foundation, a US-based nonprofit, recently announced it is a winner and recipient of a $200,000 funding award from the Members Project by American Express, a global consumer services company, and TakePart, a social action network of people. Members of the public voted weekly from the commencement of the contest period for the charity of their choice, of which Grameen Foundation led the voting for the contest’s “Community Development” category.

The Grameen Foundation will use the funding to continue supporting microfinance institutions and promoting access to farming and health information to people in poor communities through mobile phones. The Grameen Foundation reported total assets of USD 25 million as of March 31, 2009.

Jennifer Shevock, Research Associate

About Grameen Foundation:
The Grameen Foundation, a nonprofit based in Washington, D.C., aims to help microfinance institutions throughout the world replicate the microfinance model of the Grameen Bank http://www.grameen-info.org/ . It provides financial, technological and managerial support for local organizations and intends to provide new business opportunities and telecommunication services to the rural poor. Though the Grameen Foundation is independent of the Grameen Bank, Muhammad Yunus, the founder of the Grameen Bank, serves on the foundation’s Board of Directors. Grameen Foundation reported total assets of USD 25 million as of March 31, 2009.

Sources and Additional Resources:
“Grameen Foundation Wins $200,000 in Funding from American Express” http://www.grameenfoundation.org/press-releases/grameen-foundation-wins-200000-funding-american-express

MICROCAPITAL BRIEF: “Grameen Foundation Announces Official Launch of Mifos.com to Promote Microfinance Institution Management Software” August 20, 2010. https://www.microcapital.org/microcapital-brief-grameen-foundation-announces-official-launch-of-mifos-com-to-promote-microfinance-institution-management-software/

MICROCAPITAL BRIEF: “Bankers Without Borders (BwB) Receives $150,000 in Seed Capital for Alliance Program from JP Morgan’s Social Finance Unit” August 17, 2010. https://www.microcapital.org/microcapital-brief-bankers-without-borders-bwb-receives-150000-in-seed-capital-for-alliance-program-from-jp-morgan%E2%80%99s-social-finance-unit/

MICROCAPITAL BRIEF: “Grameen Foundation Receives $125,000 from Citi Foundation to Help Improve Human Capital Management Practices at Microfinance Institutions (MFIs)” August 9, 2010. https://www.microcapital.org/microcapital-brief-grameen-foundation-receives-125000-from-citi-foundation-to-help-improve-human-capital-management-practices-at-microfinance-institutions-mfis/

MICROCAPITAL BRIEF: “Grameen Foundation Releases Paper, “Measuring the Impact of Microfinance: Taking Another Look” by Professor Kathleen Odell” July 6, 2010. https://www.microcapital.org/microcapital-brief-grameen-foundation-releases-paper-%E2%80%9Cmeasuring-the-impact-of-microfinance-taking-another-look%E2%80%9D-by-professor-kathleen-odell/

MicroCapital Universe: Grameen Foundation: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Grameen+Foundation

American Express and TakePart Members Project: http://www.takepart.com/membersproject

Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/

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