October 22, 2016 2:42 AM ET

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Company Overview of Grameen Foundation USA

Company Overview

Grameen Foundation USA (GF-USA) is a non-commercial organization that undertakes micro-finance and technology initiatives for community development. It facilitates activities such as IT education in the Third World by providing access to financial services at low costs through a network of local developmental finance organizations such as micro-finance institutions. GF-USA operates a “Technology Center” to develop technology applications and projects that aid micro-finance delivery, offer income-generating opportunities to the underprivileged, and provide communities with access to information and communication technologies. In addition, GF-USA undertakes developmental programs such as the G...

1029 Vermont Avenue NW

Suite 400

Washington, DC 20005-3517

United States

Founded in 1997





Key Executives for Grameen Foundation USA

Chief Executive Officer, President and Director
Chief Executive Officer of Asia Region
Chief Executive Officer of Americas Rregion
Regional Chief Executive Officer of Africa
Executive Vice President of Programs and Regions
Compensation as of Fiscal Year 2016.

Grameen Foundation USA Key Developments

Grameen Foundation Appoints Fernando Henao Velasco as New Country Director for Colombia

Grameen Foundation has announced the appointment of Fernando Henao Velasco as its new country director for Colombia. He will lead the organization's efforts to expand access to agricultural information and financial services for the rural poor via mobile technology, and the creation of tools and programs to improve the lives of farming families throughout the country. Henao was previously the planning director of the Colombian Corporation for Agriculture and Livestock Research (Corpoica). He also worked in Colombia's Ministry of Finance and the Office of the Government Advisor on Coffee Affairs, and was a consultant on local development for the United Nations Development Programme in New York.

Grameen Foundation Announces Management Changes

The Board of Directors of Grameen Foundation announced the selection of its next president and chief executive officer (CEO) Steven L. Hollingworth, a distinguished leader in the field of poverty eradication. He has been the chief executive officer of Freedom from Hunger since 2011, where he has been a transformative leader focusing the organization on the intersection of poverty, financial services, hunger and health in partnership with other organizations. Hollingworth will succeed Alex Counts, the founder and CEO of Grameen Foundation for its first 18 years. Counts will continue to serve on the foundation's Board of Directors until January 3, 2016. David Edelstein has been serving with great distinction as the Interim CEO of Grameen Foundation since late May 2015. Edelstein came to the foundation from Microsoft Corporation with a vision for the expansive role that technology can play in poverty alleviation. He will continue in the role of Interim CEO until Steven Hollingworth joins the organization in early February 2016.

Grameen Foundation Announces Management Changes

Grameen Foundation has announced that its founder Alex Counts will step down from his position as president and chief executive officer later this month. Counts has served as president and CEO at Grameen Foundation for more than 18 years. As founder, he will remain active in the organization. David Edelstein, executive vice president for global programs, will serve as interim president and CEO until a permanent successor has been named. Edelstein has been a part of Grameen Foundation's executive team for five years. Throughout his career at the foundation, he has played an integral role in building its innovative programs across Asia, Latin America and sub-Saharan Africa.

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