Grameen America Miami Works to Alleviate Poverty in the City

Grameen America Miami has been serving the city's underserved communities since 2008, providing microloans to entrepreneurs who lack access to traditional banking services. The organization's mission is to empower women and families to lift themselves out of poverty.

By offering small loans of up to $2,000, Grameen America Miami enables individuals to start or expand their own businesses, creating a sense of financial stability and independence. This is especially important for women, who are often the primary breadwinners in their households.

The organization's focus on women is intentional, as studies have shown that women are more likely to invest their earnings in their families and communities. In fact, a study by the organization found that 90% of women who received loans through Grameen America Miami used their earnings to support their children's education.

Broaden your view: Physician Mortgage Loans Bank of America

Grameen America opened its first branch in Miami in 2017, located at 1101 SW 8th Street in Little Havana.

More than 20 percent of women in Miami-Dade county are living in poverty, with limited access to capital and credit history.

Grameen America's expansion to Miami is made possible through lead support from JPMorgan Chase & Co., as well as funds from several charitable foundations.

The organization aims to serve 500 women in Miami in its first year, disburse $727,000 in microloans, and reach 7,000 women by year five, with a cumulative loan disbursement of $21.5 million.

Grameen America's President and CEO, Andrea Jung, expressed excitement about the new branch, stating that low-income women entrepreneurs in Miami will now have a new source of support and a new world of possibilities available to them.

Intriguing read: Why Isn't Chief Doing America's List?

Grameen America, Inc. is a financially stable organization. The Grameen America, Inc. annual revenue was $21.1 million in 2025.

Grameen America, Inc. has been able to maintain a steady financial foundation. Unfortunately, we don't have more information on the organization's financial history.

The financial stability of Grameen America, Inc. is a testament to its effective management. This stability allows the organization to continue its mission of providing financial services to low-income individuals.

Recommended read: Creditaccess Grameen Share Price

Whole Planet Foundation is alleviating poverty in 17 cities in the United States and 75 additional countries that supply Whole Foods Market stores with products.

Their efforts are making a significant impact, especially in Miami where they support Grameen America's microcredit programs.

Grameen America is a key partner in this poverty alleviation effort, providing microloans to low-income individuals who may not have access to traditional banking services.

In Miami, Grameen America is helping to empower women like Yareli, who has started her own bakery with the support of a microloan.

This is just one example of how Whole Planet Foundation and Grameen America are working together to alleviate poverty in Florida and beyond.