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The Editors’ Journal

The Grameen Foundation and China’s growing microfinance industry

Wednesday, August 8th, 2007

Most people know about Muhammad Yunus’ Grameen Bank, what with him being a Nobel Peace Prize winner and all. But there’s also an organization called Grameen Foundation, which, although it has no legal ties to Yunus’ bank, nevertheless follows his principles. It’s not a source of capital; it’s more of a lubricator for capital and expertise to flow from people who have it to people who don’t have it but need it.

The EU Chamber of Commerce in Shanghai arranged for a presentation by Grameen Foundation’s East and Southeast Asia Regional Coordinator, Kate Druschel, about its activities in China. I wrote about China’s nascent venture philanthropy scene for this month’s magazine, so I was particularly interested to hear that Grameen Foundation would be ramping up its activities here.

As usual, we give you the highlights:

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