The News Life

Jennifer Lopez to Support Latina Entrepreneurs with $14 Billion in Loans.Linh

September 24, 2024 by Linh

Jennifer Lopez has sworn to help her community by providing $14 billion in loans and six million hours of financial training to 600,000 Latina entrepreneurs by 2030. This will all be done as part of her partnership with the nonprofit microfinance organization Grameen America. This isn’t the first time that Jennifer has taken such an initiative, she is known for taking steps to help Latina entrepreneurs, being a successful one herself. She previously partnered with Goldman Sachs in 2021 for a project titled, “Limitless Labs” which had to goal to uplift Latinas in business by providing them with the resources they needed.

Speaking to Entrepreneur magazine Jennifer explained her journey and her reasons for engaging in these projects in the following words:

In front of Goldman Sachs, I said, ‘I know you’ve done this for African American women entrepreneurs. Now how about Latinas?’ In the past 10 years, Latino businesses grew 44%, compared to 4% in other [demographics], and yet, we remain, like, 60% less likely to receive loans from national banks. Women overall only receive 4% of loans from mainstream banks. We get, like, $1 out of every $23. And obviously, for women of color, it’s even lower.”

She continued:

“I think, honestly, we just haven’t had the opportunities that other people have had in this country. But also . . . I believe there’s a little bit of the thinking I was talking about earlier — how I felt when I was coming up. It was like, I was just lucky to have whatever I had. I think there’s a little bit of ‘be grateful’ in our culture. Be grateful for what you have instead of striving for more.”

Speaking about the next generation of America, she said:

“I think this new generation is, like, ‘Wait a minute . . . I’m a part of the fabric and wealth and growth of this country. I contribute in a really meaningful way.‘”

And finally, she concluded by saying:

Advertisement

“Being Latino in this country has always been a matter of pride for me. I am humbled and beyond grateful to partner with Grameen America. This partnership will create equality, inclusivity, and opportunity for Latina women in business. This will change the fabric of America!”

Filed Under: Uncategorized

Primary Sidebar

Recent Posts

  • BREAKING NEWS: It’s More Than Just Home Runs Flying Out of the Park: Weaver Faces a Mental and Career Crisis as He Admits ‘It’s Hard to Make Sense of What’s Been Going On’ — A Deep Dive Into the Hidden Struggles of a Pitcher Whose Future Hangs in the Balance, Leaving Fans and Analysts Wondering Whether He Can Survive This Dark Chapter in His MLB Journey.nh1
  • St. Louis Legend Ted Simmons Finally Earns His Spot in Cooperstown — and His Words Bring Fans to Tears.Y1
  • July 4th Bombshell: Inside the Silent Pressure and Fan Uprising Calling for the Firing of Aaron Boone and Brian Cashman, and Who’s Really Behind the Viral Tweets Shaking Yankees Nation?.nh1
  • “Just One Call”—How Cubs’ Ian Happ Answered a Boy’s Plainest Wish and Moved MLB to Tears.Y1
  • Basketball superstar Caitlin Clark takes over downtown Indianapolis ahead of WNBA All-Star.P1

Recent Comments

  1. A WordPress Commenter on Hello world!

Copyright © 2025 · Paradise on Genesis Framework · WordPress · Log in