Overview
What is Grameen Puerto Rico Llc?
Grameen Puerto Rico Llc is a nonprofit organization, established under the guidance of Nobel Peace Prize laureate Muhammad Yunus, that focuses on empowering low-income entrepreneurial women in Puerto Rico. Their mission is to help these women build small businesses, thereby improving their lives and those of their families. As a section 501(C)(3) microfinance organization, Grameen Puerto Rico provides microloans, training, and support to combat poverty in the region. Since its inception in 2013, the organization has disbursed over $12 million in loans to more than 3,500 low-income women entrepreneurs across San Juan. Visit www.grameenamerica.org for more information. The organization, with a staff of three, operated out of New York City before ceasing operations in November 2020.
Is Grameen Puerto Rico Llc legitimate?
Grameen Puerto Rico Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grameen Puerto Rico Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,028
For more financial information, click here
What is the mission statement of Grameen Puerto Rico Llc?
Grameen Puerto Rico LLC is an organization dedicated to assisting low-income entrepreneurial women in Puerto Rico. Their primary mission is to help these women establish small businesses, thereby improving their livelihoods and those of their families. The organization achieves this goal by providing microloans, training, and support. Grameen Puerto Rico LLC aims to transform communities and combat poverty in Puerto Rico. Since its inception in 2013, the organization has disbursed over $12 million in microloans to more than 3,500 low-income entrepreneurial women. Unfortunately, Grameen Puerto Rico LLC ceased operations and dissolved in November 2020.
Who is the CEO of Grameen Puerto Rico Llc?
Andrea Jung is the President & Ceo of Grameen Puerto Rico Llc. The CEO's salary of Grameen Puerto Rico Llc is $0 and their total compensation is $0.
What is the revenue of Grameen Puerto Rico Llc?
Grameen Puerto Rico Llc's revenue in 2020 was $39,277.
Who are the executives of Grameen Puerto Rico Llc and what are their salaries?
The average compensation at Grameen Puerto Rico Llc during 2020 was $42,676. There are 3 employees and 11 volunteers at Grameen Puerto Rico Llc.
Here are 13 key members and their salaries (Grameen Puerto Rico Llc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Grameen Puerto Rico Llc?
Grameen Puerto Rico Llc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Grameen Puerto Rico Llc
Grameen Puerto Rico LLC, a section 501(c)(3) nonprofit organization, is committed to aiding low-income entrepreneurial women in Puerto Rico to establish small businesses, thereby improving their lives and those of their families. This noble mission is inspired by Nobel Peace Prize laureate Muhammad Yunus, who founded Grameen America, the parent organization. Since its inception in 2013, Grameen Puerto Rico LLC has provided over $12 million in microloans to over 3,500 low-income women entrepreneurs, thereby empowering them to transform their communities and combat poverty.
Grameen Puerto Rico LLC's approach is multifaceted, encompassing the provision of microloans, training, and support. The organization recognizes the transformative power of small businesses in uplifting individuals and communities, and it strives to equip women with the necessary tools to seize this opportunity. By offering microloans, Grameen Puerto Rico LLC provides the initial capital that these women need to kickstart their ventures. The organization also offers training and support, aimed at enhancing the entrepreneurs' skills and fostering a conducive environment for their businesses to thrive.
In summary, Grameen Puerto Rico LLC is a nonprofit organization that empowers low-income entrepreneurial women in Puerto Rico by offering them microloans, training, and support. Its mission is to help these women build small businesses, thereby improving their lives and contributing to the transformation of their communities. By equipping these women with the necessary resources, Grameen Puerto Rico LLC is playing a critical role in the fight against poverty in Puerto Rico.
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Impact
October, 2024
Grameen Puerto Rico LLC has made a significant impact by empowering low-income women entrepreneurs to build small businesses, thereby improving their livelihoods and those of their families. Since its inception, the organization has disbursed over $12 million in microloans to more than 3,500 women across San Juan. This financial support, combined with training and resources, has helped transform not only individual lives but entire communities, contributing to poverty alleviation in Puerto Rico.
By focusing on women as primary beneficiaries, Grameen Puerto Rico has also fostered a culture of entrepreneurship, enabling these women to gain financial independence and create sustainable businesses. The organization's model has been instrumental in addressing the economic challenges faced by low-income families, showcasing the power of microfinance in driving social change and economic growth. Though it ceased operations in November 2020, the legacy of Grameen Puerto Rico continues to influence the entrepreneurial landscape and support for women in the region.
This information is meant to be a general summary of Grameen Puerto Rico Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $28
- Program Service Revenue: $39,249
- Gross Receipts: $39,277
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM LOAN INTEREST
Revenue
$39,249
Organization Details
Founding Year
2013
Phone
(718) 704-0451Principal Officer
Andrea Jung
Main Address
150 WEST 30TH 8TH FLOOR, NEW YORK, NY, 10001
NTEE Category
Code: L22 - Housing
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