Friday, March 4, 2011

Business ownership as a means of overcoming poverty and creating jobs in underserved communities

Grameen America provides small loans, known as “microloans” and other financial services to individuals living below the U.S. poverty line who want to start or grow a small business. Grameen America relies on the Grameen lending model developed over 30 years by Grameen Bank in Bangladesh. http://www.grameenamerica.com/


Project Enterprise is a 501(c)(3) nonprofit organization whose mission is to support and develop entrepreneurs and small businesses in under-resourced communities in New York City. By providing micro loans, business development services and networking opportunities, Project Enterprise helps entrepreneurs increase their standard of living, create jobs for their communities, and build financial assets.  http://www.projectenterprise.org/index.html
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1 comment:

  1. Logan Cross3/10/2011

    A concerted effort to create microlending opportunities in this region would probably make a needed contribution to the reduction of poverty and, as a result, should be considered as a possible study recommendation. Though microlending may have a positive effect on the region, the extent to which it will result in large numbers of quality job opportunities is questionable. Northeast Florida would benefit more from the funding sources designed to promote creative, entrepreneurial ventures that have greater growth potential.

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