Jennifer Lopez has announced her latest project – supporting hundreds of thousands of Latina entrepreneurs!
The superstar has teamed up with microfinance nonprofit Grameen America to distribute *checks notes* $14 billion in loan capital to 600,000 Latina-owned businesses by 2030. She’s not only an Ambassador for the nonprofit but will also mentor 150,000 businesses, educating them on the importance of credit and asset-building and developing a savings program to promote financial resilience.
“Being Latino in the country has always been a matter of pride for me,” Jennifer says.
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“I am humbled and beyond grateful to partner with Grameen America. We’re building pathways to employment and leadership opportunities. There’s so much strength in this community and we’re harnessing that. This partnership will create equality, inclusivity and opportunity for Latina women in business. This will change the fabric of America!”
Jen’s already doing her part to highlight the nonprofit’s work – she walked the Tribeca Film Festival red carpet on Wednesday for her Netflix documentary Halftime with some of the program’s Latina entrepreneurs.
“Jennifer Lopez is a trailblazer, having given visibility and advocacy to ensure Latina women are educated, financially empowered and healthy,” Andrea Jung, President and CEO of Grameen America says in a statement.
“Together we will shape entrepreneurship as a viable pathway to success for Latina women who have historically lacked access to formal financial markets and are often marginalised from economic opportunity.”
(Feature Image Credit: Joe Seer/Shutterstock)