Grameen Microfinance impact
Grameen Pilipinas Microfinance (GPMI) combines microfinance with training and mentoring to empower poor people living in the slums of Manila to develop income-producing businesses as a means of alleviating poverty. Microloan borrowers receive financial literacy and entrepreneurship training throughout their participation in the loan program, and receive ongoing mentorship to support their business’ development. GPMI also works with local communities to build social businesses that create sustainable, new income opportunities for the poor, while having a positive social and environmental impact on the communities it serves. GPMI models its approach after the teachings and successes of Nobel Laureate Professor Muhammad Yunus and the Grameen Bank of Bangladesh.