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Grameen-Jameel is the first social business in the Arab World.
Grameen-Jameel was established in 2003 and incorporated in 2007 as a joint venture between Grameen Foundation and ALJ Foundation, a subsidiary of Abdul Latif Jameel Group. The company alleviates poverty by providing technical and financial assistance to microfinance institutions.
As of November 2010, Grameen-Jameel has provided financial guarantees of over US $24 million which has facilitated local currency financing of US $53 million to nearly 520,000 microfinance clients through its partner microfinance institutions in the MENA region. Grameen-Jameel operates in nine countries, which include Egypt, Jordan, Lebanon, Morocco, Palestine, Syria, Tunisia, Turkey, and Yemen.