Grameen America Expands Into Impact Investing

The nonprofit microfinance fund Grameen America has closed its first impact investing fund, an $11 million impact investing fund aimed at providing additional money to entrepreneurs who have already started working with Grameen and expanding to more regions.. Founded by Pulitzer Prize winner Muhammad Yunus in the 1970’s, Grameen until now had relied strictly on philanthropy and donations to make microloans from as little as $1,500 to low-income women across the U.S.