Dr Yunus opens new branch of Grameen America in Manhattan

May 24, 2010

Grand opening of Manhattan branch of Grameen America, a not-for-profit micro finance organization founded by Professor Muhammad Yunus was held at Manhattan recently.
The ceremony took place at The Great Hall at City College of New York and was hosted by the Colin Powell Center for Policy Studies. Prior to this 2 branches in Queens and Brooklyn, NY and a third one in Omaha was opened because of strong local support and increasing demand of microfinance services.
“If it can be done in New York City, it can be done anywhere,” said Professor Yunus. “Just because we don’t take collateral doesn’t make us vulnerable. Just because you do take collateral doesn’t make you invincible.” Speaking directly to the 50 Grameen America borrowers in attendance he said, “Your enterprise is small, your loan size is small, but the dream is big. We will make the dream come true.”
The event featured Grameen America borrowers who told the stories of how they used their Grameen America loan to sell merchandise and food to support their families.
Apart from the opening of Manhattan branch, Professor Yunus launched his new book “Building Social Business: The New Kind of Capitalism that Serves Humanity

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