Commitment to Action

Grameen Foundation USA's Growth Guarantees Program

Commitment by

Grameen Foundation

In 2005, Grameen Foundation launched the Growth Guarantees program as part of its long-term strategy to provide microfinance institutions (MFIs) with the financing they need to expand and serve more poor people. The program facilitates local currency loans to MFIs from local banks and investors. Grameen Foundation's work helps these microfinance institutions develop and expand relationships within their local financial sector, and the local currency loans helps to insulate them from global financial shocks and devaluation risks.
Since 2005, Grameen Foundation has provided over $50 million in Growth Guarantees and co-guarantees globally which generated over $176 million in local currency financing to support over 1.1 million micro-entrepreneurs.

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Overview
Summary

Commitment

Grameen Foundation USA's Growth Guarantees Program

Launched

2005

Est. Duration

5 Years

Estimated Total Value

$60,000,000

Region

Latin America & Caribbean, Middle East & North Africa, Africa

Countries

BOLIVIA, COLOMBIA, EGYPT, ETHIOPIA, GHANA, INDIA, INDONESIA, MALI, MEXICO, MOROCCO

Commitment by

Grameen Foundation

Partner(s) of the Commitment Maker(s)

Citigroup Inc, Schwab Charitable Foundation