Photo from Grameen
One of the women who have been supported in this way is Zeinab, who borrowed $45 to set up a business to make wooden pots and kitchen utensils. She now provides employment for three of her children and owns her own workshop. Her business has grown and she has been able to take out larger loans to continue the growth. Her last repayment was $700, more, she says, that a local civil servant would earn in two months.
But none of this would be possible if it weren't for microfinance organisations and the people who run them. In this case the organisation is Al-Tadamun based in Egypt and a partner of the Grameen Jameel Pan-Arab Microfinance Ltd. Under the leadership of Reham, it has been able to lift thousands of women and their families out of poverty. Reham herself was set on a career in the finance sector. She realises how blessed she is to be able to use her financial training and skills in a job where she can help people survive.
Grameen Foundation has a network of 55 microfinance partners and has touched the lives of 34 million people.
UPDATED to add that my great blogging friend, RennyBA, actually met Muhammad Yunus, the founder of Grameen, when he and the Bank won the Nobel Peace Prize. That must have been amazing Renny! Read about it on Renny's blog, and while you're there, have a look around because it will be well worth your while.