December 4, 2020         
Byron Allen To Launch TheGrio.TV As An Over-The-Air Broadcast Television Network And Free Digital Streaming App To Target Africa   •   Communitech’s Fierce Founders Uplift: Levelling the Playing Field and Shattering Glass Ceilings   •   AEO Updates Payment of Deferred First Quarter Cash Dividend of $0.1375 Per Share, Due to Strong Financial Condition   •   Scary Mommy And Huggies® Partner To Launch New Series "Up Early Tonight" To Stream On Hulu   •   MTV Entertainment Group Launches New Initiative to Fuel the Creation of More BIPOC and Women Owned and Operated Production Compa   •   Ellevate Network Rolls Out Second Iteration of Annual Raise Her Voice Campaign In Honor of International Women's Day and Nationa   •   Grant Thornton named one of Working Mother’s Top Companies for Executive Women   •   Nexus Pharmaceuticals Announces Diversity Certification   •   Burns & Levinson Closes Strategic Growth Investment for GA Foods   •   DYSIS Announces Medicare Reimbursement Rates for the New Add-On CPT Code 57465, Which Can Be Used for DYSIS Smart Colposcopy, Ef   •   Gloriae Dei Cantores' Musical Advent Calendar is Available for Listening All the Way to Christmas!   •   DDB Latina Celebrates Its Third Time Named As The Most Creative Network At El Ojo de Iberoamerica   •   Ministers Qualtrough and Bains explore opportunities to improve accessibility requirements for buildings in Canada   •   2021 Donate Life Floral Sculpture to Honor Donation and Transplantation Professionals as Donation Healthcare Heroes on New Year&   •   BEERMKR Home Brewing System Is a Beer Lovers Dream Holiday Gift   •   Greenberg Traurig Mexico City Achieves 100% Score on the Human Rights Campaign Equidad MX LGBTQ+ Survey   •   Direct Agents Announces Polycultural Offering   •   Ulta Beauty Announces Third Quarter Fiscal 2020 Results   •   BioAesthetics Announces University Clinical Study for its Nipple Reconstruction Graft   •   Global Advisor, Colleen Goggins, Joins ZO® Skin Health's Board Of Directors Following Majority Investment By Blackstone
Bookmark and Share

Low Income Entrepreneurs Program Provides Access To Funding

San Francisco, CA -- Wells Fargo, the banking empire who recently purchased Wachovia Bank, is investing $1 million into Grameen America - a non-profit microfinance organization that gives low income entrepreneurs access to EQ2 (Equity-Equivalents) loans. They also help with business credit establishment and other financial services.

An EQ2 loan is a limited below market rate loan reserved for community development organizations and businesses. Grameen America has provided nearly 3,000 of these loans to entrepreneurs living below the federal poverty line. They have loaned out over $5 million in loan capital.

The high repayment rate of over 99% is a testament to the program's success. All loans are provided in the peer-lending model and each loan is spent on starting or expanding an existing business.

Wells Fargo's EQ2 investment will help Grameen America launch its operations in the San Francisco Bay Area beginning this summer. Grameen America currently has three branches in New York City and a fourth in Omaha, Nebraska. Additional expansion plans include Charlotte, Boston, and Washington, D.C.

Interested entrepreneurs should visit:
www.grameenamerica.com

For more business funding opportunities, visit:
www.businessgrants.org


-END- 



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News