The Fastest-Growing Microfinance Organization in the US
Grameen America is the fastest-growing microfinance organization in the United States, giving very small loans to women in poverty to build businesses. They have helped over 70,000 women and have a remarkable payback rate of 99.6%, according to Andrea Jung, their President and CEO.
In this segment from The Business of Giving, Ms. Jung, who previously served as the CEO of Avon Products for 12 years, discusses the importance of social capital and outlines how to take a nonprofit to scale. She also shares how she is going about making Grameen America a sustainable enterprise and what inspired her to move from the corporate world to the nonprofit sector.