Grameen-Jameel Pan-Arab Microfinance Limited

Overview

Grameen-Jameel Pan-Arab Microfinance Limited is a social business jointly owned by Grameen Foundation and Abdul Latif Jameel Group. The company’s core objective is poverty alleviation in the Arab world through microfinance. Grameen-Jameel’s vision is to reach one million new active microfinance clients in the Arab world by 2011. In order to achieve this, the company forms strategic partnerships with microfinance institutions (MFIs) throughout the region who share its values: commitment to reaching women and the poorest; aggressive growth plans; and financial sustainability. Grameen-Jameel supports its Partners by delivering a suite of customized products and services, and provides financing through its $50 million Grameen-Jameel Guarantee Fund. Currently, Grameen-Jameel has 12 Partners in Morocco, Tunisia, Egypt, Lebanon, Jordan, Yemen, and Saudi Arabia. The company is incorporated in Cyprus with an International Humanitarian City branch license in Dubai.

Grameen Foundation is a global non-profit organization based in Washington, DC that combines microfinance, technology, and innovation to empower the world’s poorest people to escape poverty. Founded in 1997 with the support of Nobel Laureate Professor Muhammad Yunus, GF has a global network of 52 partners in 22 countries.

Abdul Latif Jameel Group, based in Jeddah, Saudi Arabia, is one of the Arab world’s most successful and respected business groups. Founded in 1945 by the late Sheikh Abdul Latif Jameel, the company was granted sole distribution rights for Toyota vehicles in Saudi Arabia ten years later, which it has maintained ever since. ALJ has a very active community services program with emphasis on education, training and development.


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NO Comment 4th June 2018

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