Grameen-Jameel is a non-profit organization jointly owned by Grameen Foundation - USA and Abdul Latif Jameel Community Initiatives, a subsidiary of Abdul Latif Jameel. It is operated as a social business modelled after Professor Mohammed Yunus’ concept. As a social business, Grameen-Jameel does not distribute dividends to its founding shareholders, yet reinvests profits into the company to serve more poor people in the MENA Region. The company is incorporated in Cyprus and headquartered in Dubai's International Humanitarian City. Microfinance is an important vehicle to alleviate poverty.The company’s mission is toTo enhance the microfinance sector’s ability to extend its outreach and impact on the poor, especially woman, by providing financial and non-financial products and services to microfinance institutions in the MENA and Turkey region to help alleviate poverty.