named programs · 7 · from sources
What they call their work
Credit-Building
Reports loan repayments to major credit bureaus, helping members establish credit histories and achieve average credit scores of 650+.
Elevating Black Women Entrepreneurs Initiative
Targeted program launched in 2021 to expand access to capital, business training, and peer networking for Black women entrepreneurs in select cities.
Financial Education
Offers training and workshops on financial literacy and business skills before and during membership to improve financial knowledge and wellbeing.
Health Program
Provides health education and system navigation through trained community health workers to improve physical and mental wellbeing.
Microloans
Provides first-time loans up to $2,500 to low-income women entrepreneurs without requiring credit history or collateral. Subsequent loans increase in amount upon successful repayment.
Peer Support
Facilitates weekly center meetings and networking events to build trust, share resources, and strengthen peer networks among members.
Savings Program
Pilot program enabling members to build assets, practice saving habits, and improve long-term financial stability.
activities · 7 groups
What they do
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Women's Microenterprise and Livelihood Development 3 activities
- Operating branches to serve women entrepreneurs nationwideOperates 43 physical branches across the United States to deliver services to low-income women entrepreneurs, serving over 279,000 women through its programs.
- Providing microloans and financial services to low-income women entrepreneursProvides microloans of up to $2,500 without requiring credit history or collateral to low-income women entrepreneurs, with opportunities for larger loans upon repayment. Reports repayments to major credit bureaus and has disbursed over 1.6 million loans, investing over $7.4 billion in capital since inception.
- Running targeted initiatives for Black women entrepreneursLaunched the Elevating Black Women Entrepreneurs initiative in 2021 to provide affordable capital, business training, and peer networking; has invested $7.3 million in over 1,450 Black women through 3,200 microloans.
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Financial Literacy Education Programs 2 activities
- Delivering financial and business education workshopsProvides ongoing financial and business education to members before and after loan disbursement to improve financial literacy, business outcomes, and long-term financial well-being.
- Operating a pilot savings program for asset buildingRuns a pilot savings program designed to help members develop saving habits, build assets, and improve financial stability and mobility.
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Financial Coaching and Credit Counseling 1 activity
- Improving credit scores and financial well-being of membersHelps members build credit history and improve credit scores, with 71% experiencing an increase and participants achieving an average credit score of 650; increases likelihood of having a credit score by over 17 percentage points compared to control groups.
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Small Business and Nonprofit Lending 1 activity
- Partnering to expand access to capital for women of colorCommits up to $1 million in microloans to women entrepreneurs of color attending BeyGOOD Foundation's Black Parade Route luncheons, expanding access to capital through strategic partnerships.
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Patient and Family Support Services 1 activity
- Providing health education and health navigation servicesDelivers health education and health system navigation support through trained community health workers to improve health outcomes among members.
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Member Business Referral & Discount Programs 1 activity
- Supporting job creation through member businessesSupports the creation and maintenance of jobs through the growth of member-owned businesses, with evidence indicating 392,975 jobs supported through program participation.
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Uncategorized 1 activity
- Increasing business income and financial outcomes for membersMembers achieve an average annual business income boost of $4,237; increases monthly net business earnings by $127 and monthly net income by $173 compared to control groups, while increasing non-retirement savings by $839 on average.
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financials · form 990 · fy2024
revenue
Total revenue$141.84M
Contributions & grants$84.31M59%
Program service revenue$54.30M38%
Investment income$2.92M2%
Other revenue$314K
expenses
Total expenses$45.33M
Program expenses93%
Admin / overhead5%
Fundraising3%
Salaries & benefits$28.40M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$526.17M
Cash$148.55M
Investments$350.93M
Liabilities$228.84M
Net assets$297.33M
Liquid reserves132.2 mo
5 years on record · 2020–2024 · YoY revenue +70.1%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 11
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ANDREA JUNG | PRESIDENT & CEO | 40 | $655K |
| LUCAS RAMIREZ | CFO | 40 | $380K |
| PATRICIA CHOI | CHIEF TECHNOLOGY OFFICER | 40 | $366K |
| DIANA SACCHI | CHIEF HUMAN RESOURCES OFFICER | 40 | $308K |
| HABIB CHOWDHURY | VP, NATIONAL OPERATIONS | 40 | $268K |
| MIRIAM BENITEZ NIEVES | SEC. & VP OF LEGAL | 40 | $244K |
| RAJITHA SWAMINATHAN | VP, PROGRAM STRATEGY & MEMBER SVCS | 40 | $242K |
| MARCUS BERKOWITZ | CHIEF PRODUCT & INNOVATION OFFICER | 40 | $241K |
| JILL MONUM | VP, DEVELOPMENT & MARKETING | 40 | $238K |
| GREGORY JOHN MANN | VP, CULT & ENGAGEMENT | 40 | $228K |
| PROFESSOR MUHAMMAD YUNUS | CO-CHAIR (THRU 09/2024) | 5 | $9K |
board members · 14
- ADRIANA P TORRES — DIRECTOR
- BENJAMIN FARKAS — DIRECTOR
- JENNIFER R JACKSON — DIRECTOR
- JOHN F MEGRUE — CO-CHAIR
- KAREN PRITZKER — DIRECTOR
- LORI DICKERSON FOUCHE — DIRECTOR
- MAHMOUD MAMDANI — DIRECTOR
- MARIA C ALONSO — DIRECTOR
- MICHAEL D GRANOFF — DIRECTOR
- MILEYKA BURGOS-FLORES — DIRECTOR (AS OF 06/2024)
- NANDITA BAKHSHI — DIRECTOR
- ROBERT ANNIBALE — DIRECTOR
- TASMINA RAHMAN — DIRECTOR
- VIDAR J JORGENSEN — DIRECTOR
relationships · 7
Who they work with
- 30 U.S. cities Partner — Operates programs in partnership with local communities across 30 U.S. cities.
- BeyGOOD Foundation Partner — Partnership to provide women entrepreneurs of color with microloans, business education, and peer networking through the Black Parade Route luncheons.
- David Acosta Partner — Branch Manager at Grameen America in Houston, TX, and former staff member in Omaha, Charlotte, and San Juan.
- MDRC Partner — Conducted independent, third-party evaluation of Grameen America’s microlending model using a randomized controlled trial.
- Mastercard Center for Inclusive Growth Partner — Supports Grameen America's Economic Relief and Recovery Fund and partnership to expand access to capital and digital tools for women entrepreneurs during the pandemic.
- Muhammad Yunus Partner — Nobel Peace Prize Laureate and founder of Grameen Bank, whose model inspired Grameen America
- Robin Hood Funder — Funded the 36-month randomized controlled trial evaluating Grameen America’s microlending program.
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Community-Driven Economic Empowermentmethodology: community-driven-economic-empowermentBy investing in Black women entrepreneurs through targeted capital and resources, we generate intergenerational financial mobility and community-wide economic uplift because empowering marginalized groups creates ripple effects that strengthen entire communities.
- Dignity-Centered Financial Inclusionmethodology: dignity-centered financial inclusionBy treating borrowers with deep respect—modeled as treating each person like one’s own mother—we produce higher engagement and trust in financial systems because dignity is foundational to sustainable participation and reduces stigma associated with poverty.
- Integrated Wellbeing Modelmethodology: integrated-wellbeingBy recognizing that financial health is interconnected with physical and mental wellbeing, we produce more resilient entrepreneurs and communities because holistic support addresses the root causes of economic instability rather than symptoms alone.
- Microfinance for Women Entrepreneurs with Integrated Supportmethodology: microfinance-with-support-servicesBy providing microloans, financial education, credit-building, and peer support to low-income women entrepreneurs, we produce sustainable business growth and financial inclusion because access to capital combined with education and community support enables long-term economic self-reliance.
- Rigorous Impact Evaluation Using RCTsmethodology: randomized_controlled_trial_evaluationBy using randomized controlled trials to evaluate program impact, we produce credible evidence of causal outcomes because applying medical research standards to microlending ensures accountability and informs continuous improvement.