What role does the Grameen Bank play in Bangladesh? It provides low-interest credit to fund small-scale enterprise.
The Grameen Bank model is known globally as the “grassroots” of microfinance models. It originated in Bangladesh by Professor Mohammed Yunus during the early 1970s. It has provided more than $2.1 billion in loans to approximately 2 million people—94 percent have been women.
What is the Grameen Bank? A micro finance which lends to extremely poor women who otherwise could not get a loan. Important Facts About Bangladesh?
By establishing Grameen Bank in 1983, Muhammad Yunus sought to realise his vision of self-support for the very poorest people by means of loans on easy terms. The bank has since been a source of inspiration for similar microcredit institutions in over one hundred countries.
the alleviation of poverty of the rural poorGrameen Bank is more than a bank, however. Its objective includes the alleviation of poverty of the rural poor through credit and social intermediation. Its success as a financial institution is its creation of a market niche.
Grameen Bank of Bangladesh performs the most important function by providing credit to the poor people at low interest rates. They lend loan to about 6 million people in 40,000 villages across Bangladesh. This enabled the poor women to come up with small business activities to generate income for their survival.
Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral.
Sri Lanka achieved near-universal primary education between girls and boys decades ago while Afghanistan and Pakistan still lag significantly behind other South Asian countries. The most vulnerable group in terms of low literacy is women older than 65 years.
The United Nations consistently rank Sweden as the country with the most equal society because of the government's support of education and antidiscrimination laws. Sweden has one of the world's highest rankings in education, and equality in education is a priority.
The origin of Grameen Bank can be traced back to 1976 when Professor Muhammad Yunus, Head of the Rural Economics Program at the University of Chittagong, launched an action research project to examine the possibility of designing a credit delivery system to provide banking services targeted at the rural poor.
ruralGrameen means "rural" or "village" in Bangla. Mid- level organizations branches are located in the rural area, unlike the other commercial bank which tries to locate themselves as close as possible to the business districts and urban centers.
Muhammad YunusGrameen Bank / FounderMuhammad Yunus is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Wikipedia
Awarded for efforts to create economic and social development from below.
Awarded to Grameen Bank-Village Phone for the Development Gateway Foundation’s first-ever Petersberg.