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Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [ 5 ] [ 6 ] It provides small loans (known as microcredit or "grameencredit") [ 7 ] to the impoverished without requiring collateral .
The microcredit program in Bangladesh is implemented by NGOs, Grameen Bank, different types of government-owned banks, private commercial banks, and specialized programs of some ministries of the Bangladesh Government, etc. Despite the fact that more than a thousand institutions are operating microcredit programs, only 10 large Microcredit ...
Navana Circular Height Dhaka: 81 metres (266 ft) 19 N/A Mixed-use [62] 65 Concord Regency Dhaka: 81 metres (266 ft) 20 2003 Mixed-use [63] 66 Grameen Bank Building: Dhaka: 81 metres (266 ft) 20 1983 Commercial [64] 67 IDB Bhaban Dhaka: 81 metres (266 ft) 20 1987 Commercial [65] 68 Rupayan Shelford Dhaka: 81 metres (266 ft) 21 N/A Commercial [66] 69
Grameen Danone Foods was launched in 2006 as a joint venture between Grameen Bank and the French food company Groupe Danone. Grameen Danone's first product is a fortified yoghurt, branded Shoktidoi, which is designed to provide children with many of the key nutrients that are typically missing from their diet in rural Bangladesh.
Collective rural enterprises also could borrow from the Grameen Bank for investments in tube wells, rice and oil mills, and power looms and for leasing land for joint cultivation. [9] The average loan by the Grameen Bank in the mid-1980s was around Tk 2,000 (US$25), and the maximum was just Tk 18,000 (for construction of a tin-roof house). [9]
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An early pioneer of solidarity lending, Dr. Muhammad Yunus of Grameen Bank in Bangladesh describes the dynamics of lending through solidarity groups this way: Group membership not only creates support and protection but also smooths out the erratic behavior patterns of individual members, making each borrower more reliable in the process.
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