One of Grameen Foundation partner Al Karama’s newest clients, Louisa’s first loan was for 1,000 dirham ($100). She bakes bread for her community and for the tourists who visit Oujda in the summer to enjoy the warm beaches. Louisa is married and has two sons and one daughter. She buys food and clothing for her children with the money she makes from her business. Louisa rents a tiny apartment in a government-owned building, the same complex where she was raised by her parents. She dreams of using her profits to purchase her own home one day.
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Grameen Foundation
(Visit Grameen's Website)
Grameen Foundation's mission is to empower
the world's poorest people to lift
themselves out of poverty with dignity
through access to financial services and
to information.
With tiny loans, financial services and
technology, we help the poor, mostly
women, start self-sustaining businesses to
escape poverty. Founded in 1997 by a group
of friends who were inspired by the work
of Grameen Bank in Bangladesh, our global
network of microfinance partners reaches
over 3.6 million families in 25 countries.
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