“PayNearMe’s cash payment options have worked extremely well for our members,” Marcus Berkowitz, Vice President of Technology and Innovation at Grameen America, said. PayNearMe / Read more. PayNearMe is the industry’s only platform that facilitates cash, debit, credit and ACH payments. March 4, 2015 . Salaries posted anonymously by GRAMEEN AMERICA employees in Omaha, NE Area. Founded in Queens, NY, in 2008, Grameen America builds on the legacy and proven model of Nobel Peace Prize Laureate Muhammad Yunus. She is the former Chairman and Chief Executive Officer of Avon Products, Inc., where she served as CEO from 1999 through April 2012, and as Chairman from 2001 through 2012. After years of success overseas Dr. Yunus brought Grameen to the US, but there has been a few growing pains applying their model here. Women are disproportionately affected: More than 1 in 8 live in poverty, and among minority women, the rates are even higher. As soon as the pandemic hit, Grameen America realized its members, and their fledgling businesses, were at risk. To help women maintain their businesses through the coronavirus, Bank of America donated $250,000 to the Grameen America Economic Relief and Recovery Fund. © Copyright 2021. Grameen America helps break the cycle of poverty in the U.S. through targeted microloans to women entrepreneurs. Feb 1, 2021. As part of our program, members open free savings accounts with commercial banks and make weekly deposits. Honoring the legacy of Black-owned businesses in the U.S. Feb 1, 2021. But now more than ever, an agile and responsive approach will separate the businesses that fail from the businesses that succeed. Our members are women who previously had few options for accessing capital and most lacked bank accounts and credit scores. Regardless of member payment preference — cash, ACH or debit — the platform provides a central hub for the acceptance and reconciliation of loan installments. We set the expectation for one hour, but it’s almost always immediate, and they’re happy about that and the fact that it goes to their own personal card,” Marcus Berkowitz, Vice President of Technology and Innovation at Grameen America, said. The nonprofit has received positive feedback from members; they like having the option of debit card disbursements and how quickly they receive them. Grameen America has disbursed more than $490 million in loans to tens of thousands of women in the U.S. Salaries posted anonymously by GRAMEEN AMERICA employees. PayNearMe gives organizations the power to configure payments and fees in the most appropriate manner for their business model, and the option to easily change or modify those configurations as needed, on their own terms. Grameen America provides microloans (starting at no more than $2,000), financial training, and support to members. Don’t live near … Recent News. Request a Demo ... Nebraska’s Treasurer Stenberg Announces New Cash Option to Pay Child Support Electronically with … Its 23 branches are spread across 15 major cities, in areas hard hit by widespread infections. The teams worked together to get the platform updates deployed to members in about a week’s time. “The COVID-19 pandemic posed a significant threat to our mission — lifting women and their communities out of poverty. Grameen America provides microloans (starting at no more than $2,000), financial training, and support to members. The charitable organization provides training and support in addition to loans to ensure its members have everything they need to launch and grow their own small businesses. The result is a chain reaction of benefits for women and families. Grameen America salary … The majority of its members are unable to access the mainstream financial system due to their economic status; Grameen America provides them with a clear path out of poverty, helping them to build their capabilities, establish credit, and grow savings. Our mobile-first technology provides the simplest way for businesses to collect all of their payments through an intuitive, consistent experience for their customers. Grameen America turned to PayNearMe to take those payments through its cash network and reduce the risk associated with center managers carrying around repayment sums. “The members love the experience of disbursements to their bank cards because it’s really instant. grameen america pay near me. Find 100 listings related to Grameen America in Bronx on YP.com. However, Grameen America understood that maintaining its operations and receiving loan payments were essential to its mission. Grameen America President and CEO. Grameen America Union City, NJ salaries are collected from government agencies and companies. The organization has a nontraditional lending system: Borrowers must form a … But when COVID-19 hit, the nonprofit’s members needed assistance quickly. simple cash transactions at participating local retailers. A free inside look at GRAMEEN AMERICA salary trends based on 44 salaries wages for 25 jobs at GRAMEEN AMERICA. Before the partnership, center managers would collect cash from members at weekly meetings and carry that cash from meeting to meeting until they were able to make a deposit. Select Page. Compromising member success was not an option. Meanwhile, PayNearMe is working on … These Grameen Community Agents bring financial inclusion, market access, and resources right to their neighbors’ doorsteps. Case Study: Grameen America Supports Local Entrepreneurs and Fights the Cycle of Poverty with Expanded Use of PayNearMe. So, when the COVID-19 pandemic created an immediate requirement for Grameen America to accept additional forms of electronic payment — even some payment options that don’t require members to leave the safety of their homes — it turned to PayNearMe for a solution. Recently, Grameen added digital disbursements from PayNearMe to its growing list of payment options. Women entrepreneurs often just need a little capital and support to help them reach their goals. When Grameen America reached out about the need to augment the existing solution with electronic bill payment options, PayNearMe knew they needed to act quickly to ensure Grameen America members could focus on preserving their businesses, rather than worrying about loan payment logistics. They can go into their banking app (or call into their bank), and it’s just immediately there. For media inquiries, email Jason Grobstein at media@grameenamerica.org. Grameen America is a registered 501(c)(3) charity. “We’re a mission-driven organization, first and foremost,” Berkowitz said. The PayNearMe platform’s intuitive user interface allowed members to start using the new functionality immediately. … See reviews, photos, directions, phone numbers and more for Grameen America locations in Bronx, NY. This helps the organization maintain its strong repayment rate and, simultaneously, helps members build up their credit scores. Andrea Jung is the President and CEO of Grameen America. Women receive only 4 percent of all small business loans from maintream financial institutions. “PayNearMe’s cash payment options have worked extremely well for our members,” Marcus Berkowitz, Vice President of Technology and Innovation at Grameen America, said. Our mobile-first technology provides the simplest way for businesses to collect all of their payments through an intuitive, consistent experience for their customers. Free Loan-Repayment Processing Helps Microfinance Nonprofit Grameen America Increase Macro Impact on Women. PayNearMe’s flexible, configurable platform allows Grameen America to absorb all digital repayment costs to promote safe, virtual operations, and help members focus on shifting their own business models in response to the slower economic activity resulting from the pandemic. But you have to visit a branch to apply in person — and it only operates in 15 cities. We also report microloan repayments to Experian, enabling our members to build their financial identity. His revolutionary but simple idea that all people can lift themselves out of poverty through their own entrepreneurial spirit has dramatically altered how the world views global poverty. Organizations like Comcast, Greyhound, Oportun, Grameen America, and more use PayNearMe’s innovative technology at 27,000 stores nationwide to … Its commitment to the economic advancement of its members is a core pillar of the organization’s national COVID-19 response; as part of that commitment, eliminating digital repayment costs for its members was also important.