This a summary of a paper by Kelsey Schaberg, Victoria Quiroz-Becerra, Toni Castro-Cosio, Stephen Nuñez and Richard Hendra; published by the Manpower Demonstration Research Corporation; March 2019; 34 pages; available at: https://www.mdrc.org/sites/default/files/Grameen_Report_final-web.pdf
Grameen America is an NGO that provides loans to low-income female entrepreneurs in the US. Women apply for loans as a group of five, and if approved, loans are distributed on an individual basis. However, if any member fails to repay her loan, other members cannot receive further loans until that individual’s loan is paid. To form a group, the members must