The First MFI with Zero Portfolio at Risk

Gameen Trust (GT) launched the Microfinance for Poverty Reduction Project (MPRP) in Zambia in July 2004. The initial goal of the project was to develop an effective microfinance program that would serve 2,400 of the poorest women with Grameen microfinancial services

First Loans in Hainan

Hainan Rural Credit Union (HRCU) and Grameen Trust began discussions in the summer of 2007 regarding implementing a microfinance program following the Grameen Bank Approach (GBA) in Hainan Province of China. The plan to implement the program was formally announced in December 2007.

Jobra of America

Calling the Jackson Heights office "Jobra of America," after the village where Grameen started in Bangladesh, Nobel Laureate Professor Muhammad Yunus formally inaugurated Grameen America, Inc. (GA) at a Grand Opening Ceremony on April 25, 2008.

GT Conducts Fact Finding Mission in Oaxaca

Following up on earlier meetings and discussions, Grameen Trust undertook a Fact Finding Mission in Mexico from March 4 to 9, 2008, at the invitation of Mr. Marco Antonio Slim Domit, to set up a Grameen program in the country.

Grameencredit Welcomed

Grameen Trust undertook a Fact Finding Mission in Paraguay from June 15 to 21, 2008, at the invitation of the Jerovia Ne'Eme Foundation, to set up a Grameen program there. The mission visited poverty pockets in Asunción and San Pedro.

GT-IDB Conducts Feasibility Study

Grameen Trust conducted a Feasibility Study in Indonesia from May 6 to 18, 2008, to set up a Grameen microcredit program in the country. The Islamic Development Bank (IDB) facilitated the mission with support from Bank Muamalat.

Banrural Partners with Grameen

Asociacion Civil Guatemalteca Grameen Credit (ACGGC) is a Grameen Trust Build-Operate-Transfer (BOT) project that was set up in December 2005 to provide microcredit for poverty alleviation in Guatemala with financial assistance from Whole Planet Foundation.

Success of Grameen Continues

On February 17, 2008, the Government of Kosovo declared its independence from Serbia. The Kosovo Grameen Missione Arcobaleno Microcredit Fund (KGMAMF) was set up in 2000 in the war torn country to serve the poor women with microcredit for income generating activities.

Microcredit Outreach in Egypt Remains Low

The Commercial International Bank (CIB), the largest private sector bank in Egypt, invited Grameen Trust to conduct a Fact Finding Mission in the country from June 2 to 9, 2008, to set up a Grameen program there.

Raises Repayment Rate at SARS

South Asia Research Society (SARS), India, has been operating its microfinance program through 13 branches since 1993. However, the microcredit program did not achieve results as expected. At the invitation of SARS, Grameen Trust developed a special rehabilitation program.

ACRG Adds 3,000 New Members

Asociación Costa Rica Grameen (ACRG) is a GT Build-Operate-Transfer (BOT) project in Costa Rica. It was set up in 2005 with the support from the Whole Planet Foundation.The project added over 3,000 new members in 2007,

Poorest without Access to Affordable Microcredit

Grameen Trust undertook a Fact Finding Mission in Haiti, the poorest country in the Americas, from March 1 to 4, 2008 at the invitation of Mouvement Cooperatif et du Developpement Rural (MOCODER).

Poorest Demand Affordable Microcredit

Grameen Trust undertook a Fact Finding Mission in Jamaica from February 26 to 29, 2008, to set up a Grameen program in the country at the invitation of famous music mogul Mr. Chris Blackwell and his Island Outpost and Island Jamaica group.

First Lady Shows Support to Grameen

At the invitation of the AlvarAlice Foundation, Grameen Trust undertook a Fact Finding Mission in Colombia from March 9 to 14, 2008, to set up a Grameen program in the country. The mission visited Bogota and poverty pockets in Cali.