Grameen Foundation : What we do : Social Business : Grameen-Jameel
Grameen-Jameel
Grameen-Jameel Pan-Arab Microfinance Limited, a joint venture for-profit company with a social purpose, focuses on alleviating poverty in the Arab world through microfinance. Modeled after the social business enterprise concept developed by 2006 Nobel Peace Laureate Dr. Muhammad Yunus, Grameen-Jameel is structured to maximize social impact and reinvests all of its profits in the business rather than distribute dividends.
Grameen-Jameel works through a network of partner microfinance institutions (MFIs) that share its values: commitment to reaching women and the poorest; aggressive growth plans; and financial sustainability. In 2007 alone, it reached more than 200,000 new clients while adding four new partners and entering two new markets. Grameen-Jameel manages its own guarantee pool of $50 million dedicated to the Arab region and often places guarantees jointly with Grameen Foundation’s Growth Guarantee Program; at year-end 2007, the company had placed $13 million in guarantees to generate total financing of $31 million for its partners.
Founded in March 2007, Grameen-Jameel is the outgrowth of a four-year partnership that matches Grameen Foundation’s technical microfinance expertise with Bab Rizq Jameel Limited, a subsidiary of the Abdul Latif Jameel Group’s (ALJ), local knowledge and financial support in an effort to eradicate poverty in the Arab World.
Grameen-Jameel Pan-Arab Microfinance Ltd.
International Humanitarian City
Building #4, Ground Floor
P.O. Box 506025
Dubai, U.A.E.
+971 4 430 9120 Tel.
+971 4 430 9121 Fax
info@grameen-jameel.com
www.grameen-jameel.com
Grameen Foundation : What we do : Social Business : Grameen-Jameel
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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