Audit 358956

Title: Matching Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal expenditures of Grameen America, Inc. (“Grameen”) for the year ended December 31, 2024, and is prepared on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Accordingly, some amounts presented in the Schedule may differ from amounts presented in, or used in, the preparation of Grameen’s fiscal 2024 consolidated financial statements. De Minimis Rate Used: N Rate Explanation: Grameen has elected to not use the 10% de minimis indirect cost rate as provided by §200.414 Indirect (“F&A”) Costs. During the year ended December 31, 2024, Grameen matched $2,485,000 under the Community Development Financial Institutions Program