Grameen Builds N.C. Presence With Grant
Once exploring the launch of a federal credit union in North Carolina, microlending bank Grameen America will receive a $450,000 grant to help spur small business growth in low income communities there.
The two-year grant comes from the Z. Smith Reynolds Foundation, established in 1936 as a memorial to the youngest son of the founder of R.J. Reynolds Tobacco Co. The funds will be used for fundraising efforts to form a Grameen America branch in North Carolina, said John Lassiter, fundraising co-chairperson for Grameen America North Carolina.