Grameen America Looks to Banks to Double Portfolio in Next 5 Years

Grameen America wants banks and social impact investors to help fuel a doubling of their loan portfolio in the next 5 years; most of the new money to lend will come from their inaugural Small Business Fund and the remaining amount is where they will turn to banks and social impact investors; “It’s a way to appeal to impact investors who are interested in this kind of concept as opposed to pure philanthropy,” says David Gough, CFO, to American Banker when talking about the company’s shift to impact investors to fuel growth. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.