Grameen Helps Cash-Strapped Americans

    Even in the world's richest nations, not everyone has access to financial services. That's what Grameen Bank founder Muhammad Yunus found out after opening Grameen America in New York in 2008. Borrowers were quite happy to secure $2,200 average loans, Yunus told the audience at a Feb. 4 event of the World Affairs Council of Washington, D.C.

    About the author

    • Oliver Subasinghe

      Oliver joined Devex in late 2008 as an international development correspondent and researcher. He previously served as a microfinance fellow for Kiva in Kenya and Uganda. During his tenure, he worked with Kiva’s field partners to improve their operations and governance. Oliver holds a master's in business from the College of William & Mary.

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