In the spirit of Thanksgiving, Grameen America would like to say thank you to everyone who has supported us in the past year as we continue to pursue our mission of helping to create a world without poverty.
With your help, Grameen America has achieved a great deal over the past year. We have expanded to Manhattan and Brooklyn, and grown to over 4,500 active borrowers. $11 million of loans have been disbursed and we have maintained our incredibly high repayment rate. Our borrowers have deposited over $600,000 into savings accounts at local partner banks and they are continuing to build and improve credit scores, where many of them had no prior credit rating.
Most of all, we would also like to extend our gratitude to all of our borrowers who have been a very important part of this journey. It is their hard work, determination and dedication to their businesses that continues to make the Grameen America model a success.
We want to wish a cheerful and happy Thanksgiving to all of you and your families. We hope you continue to be a valuable part of the Grameen America family.
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