Grameen Foundation helps the world’s poorest, especially women, improve their lives and escape poverty through access to microfinance and technology. By leveraging large scale, easy-to-replicate solutions to end the cycle of poverty in developing countries around the world they are able to leverage the knowledge and expertise of local partners to create the most effective programs possible. Grameen Foundation is a key partner in the San Diego Microfinance Alliance. Their resources and presence in San Diego have helped to raise awareness in the community as to the life-changing impact of microfinance in Haiti and around the world.

As a collaborative group of microlenders, entrepreneurs, students and business counselors the San Diego Microfinance Alliance understands the key role that microfinance plays in building up a community. Haiti will certainly need outside support for years to come in the wake of destruction left by the earthquake, dependable access to credit that allows the local economy to prosper will be one of the most important aspects of this rebuilding process. Grameen partners with Fonkoze, an alternative bank in Haiti who helps those who would not qualify for a loan from at traditional banks gain access to credit.

Within the first week of re-opening it’sbranches after the earthquake, Fonkoze delivered more than $1 million in remittances and savings to Haitians. It then worked quickly to bring in an additional $2 million from its account at the City National Bank of New Jersey, working through a unique collaboration of the United Nations, USAID, the U.S. State Department, the U.S. Department of Defense, Multilateral Investment Fund of the Inter-American Development Bank and City National Bank.

To read an article on Grameen’s Foundation’s work with Fonkoze in Haiti, click here.

For Grameen Foundation’s page on Haiti Relief, click here.

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