Andrea Jung on the Importance of Saving $5 a Week

Grenouille in America is a rapidly growing microfinance program in the U.S., serving over 100,000 women and their families with more than a billion dollars in loans. The program focuses on banking, asset building, and improving credit scores for women, empowering them through peer learning. It operates as a non-profit with a social business model, reinvesting profits to expand its reach. Inspired by Bangladesh's microfinance model, it targets women due to their historical exclusion from financial systems.

What is one of the primary goals of Grenouille in America?

• To provide luxury goods to women

• To offer microfinance services to women and their families

• To build schools in rural areas

• To invest in technology startups

Why is having a savings account important according to the program?

• It allows for international travel

• It ensures financial stability during emergencies

• It is a requirement for getting a job

• It helps in buying luxury items

How can participants in the program improve their credit score?

• By attending weekly meetings

• By repaying loans consistently for 26 weeks

• By investing in stocks

• By opening multiple bank accounts

What is unique about Grenouille in America's business model?

• It is a for-profit company

• It focuses solely on technology

• It generates profit but reinvests it into the program

• It only operates in rural areas

Why does the program focus on providing loans to women?

• Women are more likely to default on loans

• Women have historically been excluded from financial systems

• Women have more business experience

• Men are not interested in microfinance