Grameen Foundation recently announced it has received a $1.5 million grant from the Bill and Melinda Gates Foundation to support its work worldwide. The three-year grant will support Grameen Foundation’s strategic plan to use microfinance loans to ensure that at least 2.5 million poor families permanently escape poverty within five years
Grameen Foundation is a global non-profit organization that combines microfinance, technology and innovation to empower the world’s poorest people to escape poverty.
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to reduce inequities and improve lives around the world.
These microfinance loans demonstrate the inexpensive way to allow poor and hungry people to help themselves. Poor and hungry families can use loans to fund paths out of poverty, such as education, job-hunts, start-up businesses.
Read more about the $1.5 Million Awarded to the Grameen Foundation by the Gates Foundation at NextBillion.net.