Grameen-Jameel reaches 1.5m clients
Istanbul, December 21, 2011
Grameen-Jameel, a leading provider of microfinance, recently held its first partner meeting in Istanbul to mark its achievement of having reached 1.5 million clients living in poverty through partner microfinance institutions.
The Grameen-Jameel partner meeting was inaugurated by Grameen-Jameel chairman Zaher Al Munajjed, in addition to Fady Jameel, president of Abdul Latif Jameel Community Service Initiative and Grameen-Jameel board director, and Alex Counts, president and CEO of Grameen Foundation and Grameen-Jameel board director.
“Microfinance is a way of building future generations . . . dark clouds are gathering globally as we see economic challenges, which will not go away,” said founding father of microfinance and Nobel Peace Prize winner Dr Muhammed Yunus, the keynote speaker at the meeting.
“Microfinance is a shining hope, creating light at the end of the tunnel,” he added.
Since 2003, Grameen-Jameel has collaborated with microfinance institutions in Egypt, Jordan, Lebanon, Morocco, Palestine, Syria, Tunisia, Turkey and Yemen.
To date, Grameen-Jameel has reached over 1,500,000 microfinance clients in the Mena region and Turkey by providing over $60,000,000 in financing to the poor through microfinance institutions.
Since 2010, Grameen-Jameel has helped support over 25,000 households in Turkey alone, through partner institutions Turkish Grameen Microcredit Program (TGMP) and Maya. – TradeArabia News Service