Home Add to Favorite Contact Submit  
           02 August, 2021

Category:  Press » Marketing


Gates Foundation Awards $1.5 Million to Grameen Foundation

         Views: 1744
2006-09-01 22:31:30     
Grameen Foundation

Grameen Foundation, a leading global microfinance organization, today 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 reach five million additional new families, ensure that 50 percent of them permanently escape poverty within five years of becoming a microfinance client, and champion innovations that transform the microfinance industry. The unrestricted grant is GF’s third largest grant in support of this five-year plan launched in 2004. Time and again, Grameen has proven that they are an effective leader in generating awareness around the importance of financial services for the poor and identifying innovative solutions to help more families move permanently out of poverty. We are pleased to support their strategic plan with this grant. "The Gates Foundation is proud to partner with Grameen Foundation," said Sylvia Mathews, president of the Global Development Program at the Gates Foundation. "Time and again, Grameen has proven that they are an effective leader in generating awareness around the importance of financial services for the poor and identifying innovative solutions to help more families move permanently out of poverty. We are pleased to support their strategic plan with this grant." "For microfinance to reach its full potential to contribute to reaching the Millennium Development Goal of cutting extreme poverty in half by 2015, leading practitioners will need to accelerate their growth in outreach and improve their product offerings. In addition, research and development related to innovations that benefit the entire sector will need to be sped up," said Alex Counts, president and CEO of Grameen Foundation. "This grant from the Gates Foundation represents a significant infusion of capital that will empower our strategic plan and the grassroots partners and poor women who are its main beneficiaries." About Grameen Foundation Grameen Foundation is a global non-profit organization that combines microfinance, technology and innovation to empower the world's poorest people to escape poverty. Founded in 1997, it has established a global network of 52 partners in 22 countries that has impacted an estimated 11 million lives in Asia, Africa, the Americas, and the Middle East. The Foundation sprang from the Grameen Bank of Bangladesh. Grameen Bank was started in 1976 by an economics professor, Dr. Muhammad Yunus, who was convinced that women could break through poverty by taking tiny loans to start or expand tiny businesses. Today, Grameen Bank serves 6.1 million borrowers. As strategic global partners, Grameen Foundation and Grameen Bank share a common vision, knowledge and success models to accelerate the microfinance industry's impact on the world's poorest people. Dr. Yunus, the founder and director of Grameen Bank, is a founding and current board member of the Grameen Foundation. About the Bill & Melinda Gates Foundation: 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. In developing countries, it focuses on improving health, reducing extreme poverty, and increasing access to technology in public libraries. In the United States, the foundation seeks to ensure that all people have access to a great education and to technology in public libraries. In its local region, it focuses on improving the lives of low-income families. Based in Seattle, the foundation is led by CEO Patty Stonesifer and Co-chairs William H. Gates Sr., Bill Gates, and Melinda French Gates.

URL: http://www.gatesfoundation.org
Print press release      Bookmark this page
Related Press releases 
Marketing Agency for Restaurants is Launching in Canada (Popularity: ): Mississauga, Ontario (press.abc-directory.com) October 10, 2018 - With over 700 Restaurants on board, the world's most successful Marketing Agency for Restaurants is LAUNCHING in CanadaThe agency, Premium Agency Group, was born in 2014 in Argentina with the mission to change the old invasive way of doing marketing for a new and more effective way that has the customers and users experience as the principal objective..."The market is saturated of advertising, ...
Dealer Authority Announces Upgrades in Corporate Organization (Popularity: ): Dayton, Ohio - August 07, 2017 -- Tyson Madliger, Founder and CEO, has acquired all shares of Dealer Authority becoming the sole owner. Benefits include a streamlined direction and the advancement of Madliger’s vision for Dealer Authority.“The future is bright at Dealer Authority. We are constantly innovating our SEO, Social, and PPC solutions to stay ahead of the competition. The big companies simply can’t keep up with us or offer ...
Acoustical Solutions, Inc. Enhances Customer Relations with the Hire of a New Communications Specialist (Popularity: ): RICHMOND, VA (November 30, 2011) - Acoustical Solutions, Inc., an industry leader in providing noise control and soundproofing products, is taking steps to further develop their Marketing Department with the hire of Aimee Sanford as the newest Communications Specialist.In this position, Sanford will handle all media relations, press releases, email communications, as well as creating fresh new content for the company's website and blog.One of ASI's goals for this hire ...
Leadmd.com: Offering the key to marketing automation success (Popularity: ): Bahia Drive, Ste. 225 (December, 2011) - Leadmd.com undoubtedly is the best when it comes to marketing automation software. Marketing automation is surely a bleeding edge technology, so finding an organization which has pioneered best practices around these solutions is key. If you are ready to explore marketing automation then congratulations but, being an industry leader is not easy. In fact, it is overwhelming but do not worry because this ...
Mobile Marketing Provider iVision Mobile Announces Reduced Pricing For Text Messaging (Popularity: ): February 8, 2011- iVision Mobile, Inc. an industry leader in mobile marketing and communications software announced today that the company is offering new high volume SMS messaging plans on their short code 55678. Starting November 1st, iVision Mobile will offer per message pricing as low as $.008 (fraction of a penny). For lower volume customers, the pricing will start at 2 cents per message for as little as $300 per ...

Press release home snapshot 

Related Business 
Grameen Foundation USA (Popularity: ): Grameen Foundation works in partnership with Grameen Bank to fight poverty worldwide by raising money for microcredit operations in nearly 40 countries.
Jack Petchey Foundation Scouting Awards (Popularity: ): Information and photos of foundation grant awards in Greater London North East Scout County
Arthritis Foundation (Popularity: ): Arthritis Foundation efforts center on the three-fold mission of the organization: research, prevention and quality of life. The Arthritis Foundation currently provides nearly $20 million in grants to nearly 300 researchers to help find a cure, prevention or better treatment for arthritis. The Arthritis Foundation?s sponsorship of research for more than 50 years has resulted in major treatment advances for most arthritis diseases.
Friends of José Carreras International Leukemia Foundation (Popularity: ): The Foundation's goal is to improve treatment and participate in the cure for leukemia and related blood diseases. The foundation awards an annual medical research fellowship of $150,000 and promotes volunteer marrow donor registration.
Foundation.org (Popularity: ): Browse the foundation directory, pick a listed foundation, search any foundation's information page or search any foundation's home page. Foundation home pages may contain downloadable information such as grant applications, periodical and financial reports, and e-mail capabilities.
Gates Millennium Scholars (Popularity: ): Funded by the Bill and Melinda Gates Foundation, offers scholarships to students of diverse backgrounds.
Kiwanis International Foundation (Popularity: ): Contribute, learn about the foundation, recognition programs, grants and awards, and contact information for this 501(c)(3) entity meeting the needs of children around the world.
Foundation Supportworks, Inc. (Popularity: ): Foundation Supportworks, Inc. is a Foundation Repair Contractor Network across the United States and Canada helping residential and commercial property owners fix their failing foundations. Foundation settling and shifting can be caused by building a structure on expanding or contracting soil, improperly compacted fill soils, or from poor or erroneous maintenance of the earth around the foundation. Whatever the cause of a settling foundation, this settlement can ruin a building's ...
Pier Masters Foundation Repair (Popularity: ): A house foundation is frequently ignored until a serious issue happens. But, like any trouble, foundation issues tend to get more costly when disregarded. We recognize that for many people, your home is your greatest investment for that reason, if you are experiencing foundation failure or a leaking basement it can be a scary situation.
Schuylkill Football Foundation (Popularity: ): Foundation honors outstanding high-school athlete-scholars; includes athlete profiles, events, awards, membership information.