Grameen Foundation USA

Rating: 4.75 stars   4 reviews

Issues: International, Economic Development, Microfinance

Location: 1101 15th St. Nw, 3rd floor Washington DC 20001 USA

Mission: To enable the poor, especially the poorest, to create a world without poverty.
Results: Nearly 4 million families have started to break the cycle of poverty through microfinance provided by Grameen Foundation’s partners.
Target demographics: Micro Finance Institutions who serve the poorest people in their communities and countries.
Programs: Microfinance is designed to improve the lives of very poor people.  That goal, often called a “social” bottom line, is an important measure for microfinance programs, but is hard to gauge. Grameen Foundation has long recognized the need to develop a practical and accurate tool to measure social performance, just as there are financial tools to measure financial performance. Our search for an innovative solution for the microfinance industry lead us to develop the Progress Out Of Poverty Index™ (PPI™) as an easy to use, flexible tool that is easily customized for a particular country.  It is a unique composite of ten easy-to-collect, country-specific, non-financial indicators such as family size, the number of children attending school, the type of housing, and access to drinking water. This country-specific PPI then serves as a baseline from which client movement out of poverty is measured. By using benchmarks and standards of measurement that produce reliable information, managers can build client profiles and track how they change over time. This tool is fast becoming an industry standard.In addition to tracking a client’s progress, PPIs help microfinance institutions (MFIs):Identify and select new microfinance clientsUnderstand what products and services meet its clients’ needsEvaluate and change its programs to increase their impactThe PPI, when combined with measures of financial condition of the MFI, produces a “double bottom line”. The double bottom line is important to socially responsible investors who support microfinance. It enables investors and funders to see that their investments are being managed well and that people are truly moving out of poverty.Currently, there are 36 countries with PPIs in four regions:  Asia, Latin America, Middle East and Africa. Grameen Foundation is at work training MFIs and networks worldwide in the use of the PPI, and helping them to determine how to use the valuable data that results.Grameen Foundation publishes a Progress Out of Poverty Index™ Series of case studies that describes the experiences of MFIs using the PPI in different ways.

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Community Reviews

Rating: 5 stars  

15 people found this review helpful

I did an internship with GFUSA about a decade ago, and I've been involved with them helping in small ways and donating most every year since then. I'm continually inspired by the great work they do. They are top tier, and they do a good job of communicating with me about the organization's programs and goals.

The kinds of staff and volunteers that I met were...

top drawer.

When was your last experience with this nonprofit?

2009-1-01

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Rating: 5 stars  

16 people found this review helpful

Living and working in China, we wanted to support an organization that was making a profound difference in the lives of many in rural China. Grameen Foundation brings positive change to millions of rural women in China, and it's an honor to be associated with the Foundation. We had the opportunity to see first hand the positive affect GF has in China. We visited Inner Mongolia, sat with their MicroFinance Institution partner and visited with the women whose lives are changing because of small loans and services provided to help them help themselves. We serve on the volunteer committee in Shanghai and it's a pleasure to work with everyone involved at Grameen. They have the focus, experience and scale to be a significant force in eliminating poverty in the world.

I've personally experienced the results of this organization in...

China first hand, and observed their impact around the world.

What I've enjoyed the most about my experience with this nonprofit is...

witnessing first-hand the positive affect their effort has had on people in need.

The kinds of staff and volunteers that I met were...

all interested in contributing and helping and creating a sense of community in China.

If this organization had 10 million bucks, it could...

help more people in need. Much of the buzz about China is on the pace of development and the new middle class. Meanwhile, hundreds of millions of people are being left behind at an unacceptable living standard.

Should this review be counted for a specific campaign?

bambu

When was your last experience with this nonprofit?

2008-10-01

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Rating: 4 stars  

15 people found this review helpful

Grameen Foundation (GF) is an organization that fundamentally provides microcredit to rural women in underdeveloped areas/nations so that they can (a) start a business; (b) generate income to feed, nurture and educate their families; and (c) become confident members of society. I have seen this in action by visiting these female loan recipients in Inner Mongolia, China. They use these micro-loans to lift themselves out of poverty. When no other formal banking institution will even acknowledge these rural women, GF and its microfinance institutional partners provide a platform for rural women to access capital and turn their lives around. Every woman in this world should learn more about GF.

I've personally experienced the results of this organization in...

person.

If I had to make changes to this organization, I would...

be it's Marketing Director.

What I've enjoyed the most about my experience with this nonprofit is...

it helps women.

The kinds of staff and volunteers that I met were...

cool.

If this organization had 10 million bucks, it could...

do a lot of programs in more countries globally.

Ways to make it better...

Grameen had more operating cash to hire more staff, develop more events.

In my opinion, the biggest challenges facing this organization are...

cash, staffing, awareness.

One thing I'd also say is that...

Learn more about Grameen Foundation and get involved!

When was your last experience with this nonprofit?

2008-11-01

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Rating: 5 stars  

14 people found this review helpful

I am truly inspired by the work Grameen Foundation does, especially for the China program. I recently participated in an Investment Readiness workshop that Grameen hosted and saw firsthand how the organization is introducing and integrating international business practices/expectations to microfinance institutions in a thoughtful and relevant training format. Working here in China, I was very impressed at how an international organization like Grameen was able to adapt so effectively into the local and oftentimes difficult working environment.

I've personally experienced the results of this organization in...

China

What I've enjoyed the most about my experience with this nonprofit is...

the thoughtful staff who always take in my feedback.

The kinds of staff and volunteers that I met were...

thoughtful and experienced.

If this organization had 10 million bucks, it could...

help those in poverty help themselves quicker.

When was your last experience with this nonprofit?

2008-10-01

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