Can the lending model created by Grameen Bank to serve the poor in developing countries help the poor and unbanked in the United States?
Can the lending model created by Grameen Bank to serve the poor in developing countries help the poor and unbanked in the United States?
The Sanford C. Bernstein & Co. Center for Leadership and Ethics Case Series
Grameen America, an independent not-for-profit organization using Grameen Bank's lending methodology and expertise, was launched in 2008 in Queens, New York. It targeted the growing segment of the US population which was underserved by traditional financial institutions. What changes, if any, would Grameen America need to make in applying Grameen's business model to the US market? And what were its prospects for future growth?
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