Assessing the feasibility of expanding Grameen America's low-interest group-lending model to low-income young men
This project will conduct primary and secondary research for program design and will establish community partnerships to investigate the feasibility of targeting Grameen America's lending services to low-income young men. Grameen America's program offers an opportunity for low-income people to be integrated into the financial mainstream by providing them with low-interest loans to invest in a business that will increase their income, offering financial education, and facilitating asset-building and credit establishment. Project activities will consist of: (1) conducting discussion groups to collect information regarding interest in entrepreneurship and microfinance; (2) meeting with field experts to provide input on program content and design; (3) building partnerships with community organizations to develop potential pilot sites; and (4) conducting a literature review of best practices for working with young men in entrepreneurship. The final deliverables for this project will be a report with market analyses, and a proposed program and implementation strategy for expanding the work with young men. These analyses could potentially leverage investments to implement a program based upon research findings and recommendations.
Amount Awarded $75,000.00
Awarded on: 5/4/2012
Time frame: 6/1/2012 - 9/30/2012
Grant Number: 70025