{"id":20357,"date":"2017-12-08T18:50:21","date_gmt":"2017-12-08T18:50:21","guid":{"rendered":"https:\/\/miamifoundation.org\/?p=20357"},"modified":"2023-10-05T18:44:40","modified_gmt":"2023-10-05T18:44:40","slug":"grameen-america-opens-branch-in-miami","status":"publish","type":"post","link":"https:\/\/miamifoundation.org\/news\/grameen-america-opens-branch-in-miami\/","title":{"rendered":"Grameen America Opens Branch in Miami"},"content":{"rendered":"<p>Grameen America, the fastest growing microfinance organization in the United States, opened its first branch in Miami. The branch, located at 1101 SW 8th Street in Little Havana, will enable women living below the poverty level in the area to access small loans to start or expand their businesses. More than <a href=\"http:\/\/statusofwomendata.org\/wp-content\/uploads\/2016\/12\/R475-Poverty-Opportunity.pdf\" target=\"_blank\" rel=\"noopener\">20 percent<\/a> of women in Miami-Dade county are living in poverty. Most of these women are excluded from the financial system, have little-to-no access to capital, and have limited credit history.<\/p>\n<p>\u201cLow-income women entrepreneurs in Miami will now have a new source of support and a new world of possibilities available to them,\u201d said Andrea Jung, Grameen America\u2019s President and CEO.<\/p>\n<p>Grameen America\u2019s expansion to Miami is made possible through lead support from JPMorgan Chase &amp; Co., as well as through funds from the Carlo &amp; Micol Schejola Foundation, Whole Planet Foundation, The Miami Foundation, Northern Trust, Capital One Foundation, and TD Charitable Foundation.<\/p>\n<p>\u201cConnecting underrepresented small businesses with the resources and capital they need to grow is not only good for the economic health of the community, but it\u2019s also good business,\u201d said Maria Escorcia, Vice President of the JPMorgan Chase Foundation in South Florida. \u201cWe truly believed in the Grameen model and saw its potential to benefit Miami\u2019s underserved women entrepreneurs.\u201d<\/p>\n<p>\u201cGrameen America understands how to make social enterprises work, and that\u2019s a model that can be replicated,\u201d said Javier Alberto Soto, President and CEO of The Miami Foundation. \u201cWe\u2019re pleased to support them through our 50th anniversary signature grants and create more opportunities for Miami\u2019s women entrepreneurs.\u201d<\/p>\n<p>\u201cWe are excited to be working with such strong philanthropic and loan partners to expand opportunities for women entrepreneurs in Miami. Together we\u2019ll be able to have lasting impact in local communities,\u201d said Jung.<\/p>\n<p>The Miami branch marks Grameen America\u2019s 20th branch in the United States and its 13th city. In its first year, Grameen America projects it will serve 500 women in Miami and disburse $727,000 in microloans. By year five, Grameen America will serve 7,000 women and will have cumulatively disbursed $21.5 million in loans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grameen America, the fastest growing microfinance organization in the United States, opened its first branch in Miami. The branch, located at 1101 SW 8th Street in Little Havana, will enable women living below the poverty level in the area to access small loans to start or expand their businesses. More than 20 percent of women in Miami-Dade county are living &#8230; <a href=\"https:\/\/miamifoundation.org\/news\/grameen-america-opens-branch-in-miami\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":20358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[72],"tags":[92,90,75],"coauthors":[118],"class_list":["post-20357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-give","tag-opportunity","tag-the-miami-foundations-50th-anniversary"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Grameen America Opens Branch in Miami | The Miami Foundation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/miamifoundation.org\/news\/grameen-america-opens-branch-in-miami\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grameen America Opens Branch in Miami | The Miami Foundation\" \/>\n<meta property=\"og:description\" content=\"Grameen America, the fastest growing microfinance organization in the United States, opened its first branch in Miami. The branch, located at 1101 SW 8th Street in Little Havana, will enable women living below the poverty level in the area to access small loans to start or expand their businesses. More than 20 percent of women in Miami-Dade county are living ... 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