Breakthroughs are core to our history. They go back to the first use of microcredit by Nobel Laureate Muhammad Yunus in Bangladesh. Beginning in 1970s, this breakthrough showed that microfinance could empower a woman and create a hopeful future for her family.
Professor Yunus established Grameen Bank as a bank for the low income segments in Bangladesh, and later provided a seed grant of USD6,000 to establish the independent US-based global nonprofit Grameen Foundation. Grameen Foundation began work in India in 1998, and in 2010 established Grameen Foundation.
While continuing to innovate in the microfinance field, we began to develop digital technologies that could help the rural low income segments and other low-income segments access financial services, improve their livelihoods, and protect their health.
Breakthroughs continue today, as we develop customized poverty-alleviation solutions that leverage digital technology and trusted intermediaries to reach the “last mile.”