In March 1995, Grameen Trust (GT) launched the People’s Fund to raise funds from individuals around the world support the Grameen Bank Replication Program. In initiating the Fund, GT hoped that individuals would take the lead in demonstrating to Governments and development organizations the power of microcredit and the effect of individual contributions. We urged each interested person to persuade four other friends to contribute US$ 100 each and create a Grameen Support Group.

With the individual contributions collected to date in the People’s Fund, GT has provided funds to five of its partner organizations in Bangladesh, Uganda and Tanzania. The entire amount of the contributions was provided for on-lending funds only, i.e. funds have gone entirely into the hands of the poor as loans. These five organizations, MCDT in Uganda, Jecy Trust in Tanzania, IDF, CWFD and DSK in Bangladesh, have collectively reached 110,520 poor families. If we assume that each family has five members, these contributions have impacted about 552,600 poor people. This has been the impact of the People’s Fund! In this way, GT hopes to reach more poor people in the coming years though contributions to the People’s Fund. Join the global Grameen movement today and be a partner in creating a poverty-free world!

Please send your cheques in favor of:

 In the USA, you may send your tax deductible contributions to the Grameen Foundation USA, 1029 Vermont Avenue, NW, Suite 400, Washington, D.C. 20005 USA, Tel (202) 628-3560/ Fax (202) 628-3880, Web site: www.gfusa.org , E-mail: info@gfusa.org .

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Funding from Grameen

Grameen Trust has been providing training and technical assistance to Grameen replications worldwide. It has also been providing seed and scaling-up funds to replication projects working with the poorest, especially women, in different countries.

Up to September 2004, Grameen Trust has provided seed capital to 123 projects and scaling-up funds to 50 projects in 35 countries of Asia and the Pacific, Europe, Africa and Latin America. These organizations, which are working or planning to work with the poor following the Grameen model and require training, technical and financial assistance accordingly, may write to the following address for further information on Grameen Trust’s program for support to replication projects in the developing countries.

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