Actress Yeardley Smith Donates $1.14 Million to Support Microfinance

* Reuters is not responsible for the content in this press release.

Mon Nov 2, 2009 10:01am EST

To Advance the Work of Grameen Foundation and Fonkoze 

WASHINGTON, Nov. 2 /PRNewswire-USNewswire/ -- Yeardley Smith, the voice of
Lisa Simpson on the award-winning animated television series, The Simpsons,
has joined the ranks of microfinance's most generous and visionary supporters
with a combined donation of $1.14 million to Grameen Foundation and  Fonkoze,
a Haitian microfinance institution. The donation of $900,000 to Grameen
Foundation will support a new initiative geared toward expanding micro-loans
and other sustainable opportunities for people living at the very bottom of
the economic ladder. The donation of $240,000 to Fonkoze is one of the largest
individual gifts the organization has ever received and will help strengthen
its institutional support for its front line staff.

(Logo: http://www.newscom.com/cgi-bin/prnh/20091026/GFLOGO)

Smith was first introduced to microfinance after seeing 2006 Nobel Laureate
Muhammad Yunus on Oprah. Inspired to become actively involved, she traveled to
Haiti, accompanied by Grameen Foundation president Alex Counts, to visit with
women in remote villages to learn how microfinance and complementary health
and literacy services improve the quality of life for them and their families.
  

"I'm greatly inspired by people who demonstrate initiative and perseverance. 
I saw with my own eyes how eager these women are to be self-sustaining and
that the smallest bit of success can rebuild a person from the inside out,"
said Smith.

Microfinance has already provided opportunities to more than 150 million
people, but there is still more to be done to reach and benefit the very
poorest--those living on less than $1 a day--with microfinance services and
related non-financial services, such as health care and adult education.  

Through its new initiative to improve the practice of microfinance that
focuses on those who need it most, Grameen Foundation will identify and
replicate solutions that will enable the most marginalized people to access
critical resources and build reliable businesses. Smith is providing the seed
financing to launch this program.  

"I was inspired by Yeardley's willingness to learn more about microfinance by
traveling to Haiti to hear firsthand from microfinance clients," said Alex
Counts, president of Grameen Foundation.  "We look forward to working with her
in the years ahead, and hope her generosity will prompt others to support us
in helping the poorest people improve their lives and escape poverty through
microfinance."

Smith was deeply moved by Fonkoze's dedicated employees and wanted to direct
her substantial gift toward a program that would enhance their benefits,
promote employee productivity and increase retention.

In welcoming the gift, Anne Hastings, Fonkoze's executive director said, "We
appreciate Yeardley's insightful and meaningful gift to the people who work on
the front lines every day, often in difficult terrain and conditions, to serve
Fonkoze's clients.  The staff was very excited after we announced the gift
because it was the first time someone has focused on them in such a unique and
meaningful way." 

About Grameen Foundation
Grameen Foundation, a global nonprofit organization, helps the world's poorest
people access financial services and technology solutions by providing
financing, technology support and management strategies to the local
organizations that serve them. It also spearheads technology initiatives that
create new microbusiness opportunities for the poor, provide
telecommunications access for the world's rural poor, and improve their access
to health and agriculture information and other services. Founded in 1997,
Grameen Foundation has offices in Washington, D.C., Seattle, Washington, Ghana
and the Philippines.  Dr. Muhammad Yunus, the founder of Grameen Bank and the
2006 Nobel Peace Prize Laureate, is a founding member of its board of
directors, and now serves as director emeritus.  For more information, please
visit www.grameenfoundation.org. 

About Fonkoze
Fonkoze is Haiti's alternative bank for the organized poor. It is a family of
three institutions working together towards a single compelling mission:
building the economic foundation for democracy in Haiti by providing the rural
poor - mostly women - with the tools they need to lift themselves out of
poverty. Visit www.fonkoze.org. 


Contact: Liselle Yorke, Grameen Foundation 
202-628-3560, ext. 128, lyorke@grameenfoundation.org
Leigh Carter, Fonkoze USA
202-628-9033, lcarter@fonkoze.org


SOURCE  Grameen Foundation

Liselle Yorke of Grameen Foundation, +1-202-628-3560, ext. 128,
lyorke@grameenfoundation.org; or Leigh Carter of Fonkoze USA, +1-202-628-9033,
lcarter@fonkoze.org
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