Grameen America announced the launch of the first U.S. training institute for microfinance with the support of longstanding partner Capital One. The new Institute, located in Queens, NY, will help provide thousands of aspiring entrepreneurs in low-income communities access to microloans. The ultimate goal of the Institute is to become a leading learning center for microfinance in the U.S.
“This Training Institute is a critical step in breaking down economic barriers for women and their families,” explained Andrea Jung, President and CEO of Grameen America. “Ensuring entrepreneurs and small businesses have access to affordable financing is vitally important to job growth and economic vitality in our communities. At Capital One, we’re committed to empowering small business owners, and we’re proud to partner with Grameen America to provide the capital necessary for those in need to pursue their dreams – plus training, mentoring and other programs to help make their business aspirations a reality,” said Keri Gohman, Executive Vice President and Head of Small Business Banking at Capital One Bank.