How does Grameen America help its borrowers escape poverty?
Grameen America provides small loans to low-income individuals for income generating activities. For example, a borrower might use a loan to invest in equipment for a food-cart, purchase a sewing machine for a tailoring business, or start a home-based day-care business. Grameen America loans offer borrowers an alternative to predatory payday lenders, and allow them to start or expand income-generating activities that help provide for their families. Grameen America also helps build credit by reporting to Experian, one of the three major credit rating bureaus.
