Microfinance Support outfit Grameen Foundation wins $200,000

Microfinance Focus, August 30, 2010: Grameen Foundation , a global non-profit organization working mainly in the development and promotion of  of microfinance , today was announced as a winner of $200,000 in funding from the Members Project by American Express and Take Part. During the 12-week contest, which ended Aug. 22, members of the public voted weekly for their charity of choice. Grameen Foundation led the voting in its “Community Development” category for most of the campaign.

According to company website, Grameen Foundation will use this fund to help local microfinance institutions provide tiny loans to ultra poor as well as promoting access to practical farming and health information to people in poor communities through mobile phones.

Chosen by the public through online voting, four other charitable organizations have also received $200,000 each from American Express to advance their missions of serving communities around the world. The other four charitable organizations are StoryCorp, Jumpstart for Young Children, National Audubon Society and American Cancer Society.

Members Project, a joint effort of American Express and TakePart, an online initiative that provides opportunities to earn Membership Rewards® bonus points, voting for their favorite charities to receive support from American Express or contributing themselves to causes they care about.

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