January 4, 2011 | 8:40 AM
Labels: Global Giving
We here at Grameen America are tremendously excited to tell you that we have fulfilled the Global Giving open challenge to raise $4,000 from 50 unique donors. In fact, as of this date, we have surpassed those milestones by raising $5,061 from 64 unique donors. This success was entirely due to our dedicated network of online supporters.75 percent of our donations were for amounts equaling or less than $50. This impressive number of small donations truly shows an upwelling of grassroots support for Grameen America and our mission. These funds will help us continue in our objective of helping the poorest of the poor lift themselves out of poverty.
Thanks to your support, we are now a permanent feature on the Global Giving website. As you may know this campaign was very important to us because we have passed the Global Giving challenge as we showed our outreach capacity and have fulfilled the conditions needed to allow us to stay on the website for good. This will allow us to continue to raise money through the Global Giving platform well into the future.
While we are very pleased to have reached this short term goal, we still have the long time objective of raising $75,000 so that we can disburse 50 first time loans of $1,500 each to new borrowers. These loans, along with our financial literacy and savings programs, will allow these low income entrepreneurs the opportunity to lift themselves out of poverty through their own hard work. Through initiative and determination, they can create brighter futures for themselves and their families.
You can still make a difference and help us reach our long term goal by donating now at the Global Giving website. With your continued support, we can make a difference in the lives of countless people who lack not the talent, drive, or ability needed to lift themselves out of poverty but merely the access to affordable forms of credit. Our success can be their success and you can make it happen.