Bankers without Borders (BWB), an organization of more than 6,200 volunteer business professionals (both active and retired) from all over the world, announced a partnership with the Association for the Enterprise Unity (AEO), recognized as the “voice” of microenterprise in the United States.
BWB is an initiative of the Grameen Foundation, a nonprofit based in Washington, D.C. that was created in 1997 with the aim of making microfinance and technology accessible to poor people worldwide. The initiative, which was launched in 2008, provides a way to focus the knowledge and skills of the international business community in linking private individuals and companies with microfinance agencies. Since its launch, BWB has managed over 250 pro bono projects throughout the world.
This partnership between BWB and AEO will help more than 400 small organizations in the U.S., get technical assistance they need in using microfinance to increase their impact and sustainability. This partnership is especially helpful to nonprofit organizations that are helping low-income and underserved entrepreneurs, which are often people who are trying to combat unemployment by setting up their own small business.