PayNearMe, the cash transaction network that allows US consumers to pay bills and make online purchases using cash at more than 17,000 participating retailers across the country, has done just that. “The COVID-19 pandemic posed a significant threat to our mission — lifting women and their communities out of poverty. “PayNearMe’s cash payment options have worked extremely well for our members,” Marcus Berkowitz, Vice President of Technology and Innovation at Grameen America, said. Grameen America Union City, NJ average salary is $81,885, median salary is $73,268 with a salary range from $26,850 to $220,000. But when the COVID-19 pandemic took hold in the U.S., Grameen America realized it needed more electronic payment options for its members. As part of our program, members open free savings accounts with commercial banks and make weekly deposits. A free inside look at company reviews and salaries posted anonymously by employees. Grameen America salaries are collected from government agencies and companies. This also applies to those companies helping these customers. Founded in Queens, NY, in 2008, Grameen America builds on the legacy and proven model of Nobel Peace Prize Laureate Muhammad Yunus. PayNearMe gives organizations the power to configure payments and fees in the most appropriate manner for their business model, and the option to easily change or modify those configurations as needed, on their own terms. Our mobile-first technology provides the simplest way for businesses to collect all of their payments through an intuitive, consistent experience for their customers. Handle Financial Inc. All Rights Reserved. PayNearMe’s flexible, configurable platform allows Grameen America to absorb all digital repayment costs to promote safe, virtual operations, and help members focus on shifting their own business models in response to the slower economic activity resulting from the pandemic. “We already knew PayNearMe was agile and responsive, but its support of Grameen America during this crisis has been amazing,” Berkowitz said. Andrea Jung is the President and CEO of Grameen America. The organization knew it needed to help its members navigate these unprecedented circumstances so their businesses could emerge in the best condition possible. Salaries posted anonymously by GRAMEEN AMERICA employees. A free inside look at GRAMEEN AMERICA salary trends based on 44 salaries wages for 25 jobs at GRAMEEN AMERICA. She is the former Chairman and Chief Executive Officer of Avon Products, Inc., where she served as CEO from 1999 to 2012, and as Chairman from 2001 through 2012. They can go into their banking app (or call into their bank), and it’s just immediately there. Incomes and food security increase. GRAMEEN AMERICA Salaries trends. PayNearMe is the industry’s only platform that facilitates cash, debit, credit and ACH payments. 1 salaries for 1 jobs at GRAMEEN AMERICA in Omaha, NE Area. “We’re a mission-driven organization, first and foremost,” Berkowitz said. For general information, email info@grameenamerica.org. The team didn’t want its members to go out and risk the safety of their families and communities to make bill payments. Women receive only 4 percent of all small business loans from maintream financial institutions. What distinguishes Grameen America from other microfinance organizations? 27 percent of US households are unbanked or underbanked. The teams worked together to get the platform updates deployed to members in about a week’s time. Called Microfinance in the United States: Early Impacts of the Grameen America Program, the study examined 1,492 women in 300 loan groups of five in Grameen… Small businesses across the country have been and continue to be hit hard by the COVID-19 pandemic. We wanted to give our members options to keep their businesses afloat during this time, and PayNearMe’s partnership in delivering this capability, as fast as we needed it, was essential.”. Ms. Jung is a graduate of Princeton University. To help women maintain their businesses through the coronavirus, Bank of America donated $250,000 to the Grameen America Economic Relief and Recovery Fund. Case Study: Grameen America Supports Local Entrepreneurs and Fights the Cycle of Poverty with Expanded Use of PayNearMe. Select Page. The nonprofit has built trust by keeping its promise to find a bank card disbursement solution. More than 40 million people live in poverty in the United States. Getting the PayNearMe platform up and running quickly is a large part of the story — but it’s not the only thing that was important to Grameen America. Yelp is a fun and easy way to find, recommend and talk about what’s great and not so great in Oakland and beyond. © Copyright 2021. The organization has a nontraditional lending system: Borrowers must form a … But when COVID-19 hit, the nonprofit’s members needed assistance quickly. March 4, 2015 . She is the former Chairman and Chief Executive Officer of Avon Products, Inc., where she served as CEO from 1999 through April 2012, and as Chairman from 2001 through 2012. Organizations like Comcast, Greyhound, Oportun, Grameen America, and more use PayNearMe’s innovative technology at 27,000 stores nationwide to … His revolutionary but simple idea that all people can lift themselves out of poverty through their own entrepreneurial spirit has dramatically altered how the world views global poverty. Recent News from Grameen America . Grameen America President and CEO. Prior to the COVID-19 pandemic, member payments outside New York were largely made using PayNearMe’s cash network, which allowed them to easily stay up-to-date on their loans through simple cash transactions at participating local retailers. The charitable organization provides training and support in addition to loans to ensure its members have everything they need to launch and grow their own small businesses. Due to these requests, Grameen America added debit card disbursements to its two-to- three-year business plan. To learn more about how PayNearMe’s platform can deliver convenient bill payment options for your customers and get you paid faster, request a demo to see the platform in action. Grameen America is an excellent micro finance institution dedicated to bringing the poor out of poverty. Grameen America provides microloans (starting at no more than $2,000), financial training, and support to members. Grameen America salary … Grameen America provides microloans (starting at no more than $2,000), financial training, and support to members. So, when the COVID-19 pandemic created an immediate requirement for Grameen America to accept additional forms of electronic payment — even some payment options that don’t require members to leave the safety of their homes — it turned to PayNearMe for a solution. Don’t live near … Grameen America accelerated the disbursements program. For donation inquiries, email Mindee Barham at donation@grameenamerica.org. Our mobile-first technology provides the simplest way for businesses to collect all of their payments through an intuitive, consistent experience for their customers. But now more than ever, an agile and responsive approach will separate the businesses that fail from the businesses that succeed. Most of these billers are in the auto-finance business, including Capital Auto Financial and Grameen America. Previous. Grameen America helps break the cycle of poverty in the U.S. through targeted microloans to women entrepreneurs. For partnership information, email Jill Monum at jmonum@grameenamerica.org Women are disproportionately affected: More than 1 in 8 live in poverty, and among minority women, the rates are even higher. The result is a chain reaction of benefits for women and families. Its commitment to the economic advancement of its members is a core pillar of the organization’s national COVID-19 response; as part of that commitment, eliminating digital repayment costs for its members was also important. The bank, a unit of the $21 billion-asset First National of Nebraska, said in a press release Tuesday that its equity-equivalent investment in Grameen America, a nonprofit microfinance organization in New York, is part of a broader strategy to provide more opportunity in Omaha. Honoring the legacy of Black-owned businesses in the U.S. Feb 1, 2021. Affordable financing for small businesses, Careers   Contact   FAQ   Privacy Policy Gift Acceptance Policy  Terms of Use. This was the case for Grameen America. PayNearMe is the industry’s only platform that facilitates cash, debit, credit and ACH payments. Our mobile-first technology provides the simplest way for businesses to collect all of their payments through an intuitive, consistent experience for their customers. The nonprofit decided it was most important to put its members first and offer the best experience possible during these tough times. Compromising member success was not an option. SUNNYVALE, CA and LOS ANGELES, CA – Grameen America, a nonprofit microfinance organization that helps women in poverty start and expand small businesses, and PayNearMe, the electronic cash transaction network, today announced implementation of PayNearMe as a free new loan repayment option for Grameen America’s borrowers. The PayNearMe platform’s intuitive user interface allowed members to start using the new functionality immediately. To do that, Grameen America needed to transform the way they enable members to manage their loan repayments. With customer adoption growing and the demand for digital payment types rising, merchants from all industries are starting to realize the benefits of Apple Pay in their payment mix. However, Grameen America understood that maintaining its operations and receiving loan payments were essential to its mission. It has always been important to offer customers flexibility and make payments easy. After years of success overseas Dr. Yunus brought Grameen to the US, but there has been a few growing pains applying their model here. 15 GRAMEEN AMERICA reviews. Salaries posted anonymously by GRAMEEN AMERICA employees in Omaha, NE Area. First National Bank in Omaha, Neb., has invested $1.5 million in Grameen America. The nonprofit has received positive feedback from members; they like having the option of debit card disbursements and how quickly they receive them. Grameen America average salary is $47,803, median salary is $45,000 with a salary range from $40,000 to $86,500. The majority of its members are unable to access the mainstream financial system due to their economic status; Grameen America provides them with a clear path out of poverty, helping them to build their capabilities, establish credit, and grow savings. Its 23 branches are spread across 15 major cities, in areas hard hit by widespread infections. And because Grameen America was already familiar with the PayNearMe platform and our implementation process, the team was excited to further our relationship by adding disbursements in July 2020. Facebook 0 Twitter LinkedIn 0 Reddit Tumblr 0 Likes. Andrea Jung is the President and CEO of Grameen America. PayNearMe / Read more. Before the partnership, center managers would collect cash from members at weekly meetings and carry that cash from meeting to meeting until they were able to make a deposit. Grameen America has disbursed more than $490 million in loans to tens of thousands of women in the U.S. by | Jan 17, 2021 | Uncategorized | 0 comments | Jan 17, 2021 | Uncategorized | 0 comments PayNearMe is the industry’s only platform that facilitates cash, debit, credit and ACH payments. Each salary is associated with a real job position. The PayNearMe platform gives us the flexibility to adapt to market conditions to provide the best, most effective support for our members.”. When Grameen America reached out about the need to augment the existing solution with electronic bill payment options, PayNearMe knew they needed to act quickly to ensure Grameen America members could focus on preserving their businesses, rather than worrying about loan payment logistics. Our target population is women who live below the federal poverty line, for whom the mainstream financial system is currently out of reach. But you have to visit a branch to apply in person — and it only operates in 15 cities. With the implementation of PayNearMe, Grameen America members can pay their loans at nearly 8,000 7-Eleven locations nationwide. Grameen America’s microloans could be a good option for low-income women who are starting a business — it can be particularly hard to qualify for financing to start a company if you live below the poverty line. Families can pay fees to send their children to school, or to the doctor when sick. Women entrepreneurs often just need a little capital and support to help them reach their goals. “PayNearMe’s cash payment options have worked extremely well for our members,” Marcus Berkowitz, Vice President of Technology and Innovation at Grameen America, said. simple cash transactions at participating local retailers. Zoe Simbolon June 16, 2020. Many of these families are not able to make ends meet; they are often working at minimum wage jobs or struggling to get their small businesses off the ground, and they can’t afford health or child care. Grameen America Union City, NJ salaries are collected from government agencies and companies. Grameen America is a registered 501(c)(3) charity. The Grameen America team had been thinking about enabling debit card disbursements for its members for some time, as it consistently received requests to do so from its members. Free Loan-Repayment Processing Helps Microfinance Nonprofit Grameen America Increase Macro Impact on Women. Find 100 listings related to Grameen America in Bronx on YP.com. “The members love the experience of disbursements to their bank cards because it’s really instant. … Recent News. Additionally, Grameen America is happy to have reduced its PCI compliance burden by using PayNearMe’s self-service disbursements solution, in which members can enter their own account details. As soon as the pandemic hit, Grameen America realized its members, and their fledgling businesses, were at risk. Each salary is associated with a real job position. These Grameen Community Agents bring financial inclusion, market access, and resources right to their neighbors’ doorsteps. Feb 1, 2021. PayNearMe and Grameen America first partnered in 2014 to solve the logistical issues around cash repayments that were causing concern for the organization. Request a Demo ... Nebraska’s Treasurer Stenberg Announces New Cash Option to Pay Child Support Electronically with … Grameen America in Oakland, reviews by real people. Grameen America is happy it has been able to deliver a solution based on member requests. PayNearMe processes electronic payments like debit, credit and ACH, as well as cash at 20,000+ retail locations and mobile methods like Google & Apple Pay. When your customers own and operate some of the smallest businesses, in some of the most impacted areas, you need to think quickly and act fast to keep their businesses afloat. We also report microloan repayments to Experian, enabling our members to build their financial identity. Meanwhile, PayNearMe is working on … The buzz around Apple Pay is no longer constrained to the retail sector. This helps the organization maintain its strong repayment rate and, simultaneously, helps members build up their credit scores. We set the expectation for one hour, but it’s almost always immediate, and they’re happy about that and the fact that it goes to their own personal card,” Marcus Berkowitz, Vice President of Technology and Innovation at Grameen America, said. Recently, Grameen added digital disbursements from PayNearMe to its growing list of payment options. See reviews, photos, directions, phone numbers and more for Grameen America locations in Bronx, NY. Grameen America turned to PayNearMe to take those payments through its cash network and reduce the risk associated with center managers carrying around repayment sums. Read Article Request a Demo Today! The federal government defines poverty as a family of four living on $25,100 or less a year. Our members are women who previously had few options for accessing capital and most lacked bank accounts and credit scores. Grameen America’s program requires its members make regular, weekly payments on their loans. Grameen America turned to PayNearMe to take those payments through its cash network and reduce the risk associated with center managers carrying around repayment sums. We also report microloan repayments to Experian, enabling our members to build their financial identity. grameen america pay near me. Nearly 27 percent of US households are unbanked or underbanked, meaning they do not have bank accounts and/or have limited access to mainstream financial and banking services such as credit cards and loans. Regardless of member payment preference — cash, ACH or debit — the platform provides a central hub for the acceptance and reconciliation of loan installments. As part of our program, members open free savings accounts with commercial banks and make weekly deposits. For media inquiries, email Jason Grobstein at media@grameenamerica.org. “Financial responsibility is the backbone of our business model, but that backbone exists to support our goal of building prosperous and sustainable communities. In December 2019, Bank of America provided a $10 million loan to Grameen America to provide lending capital to their clients.

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