Search results
Results from the WOW.Com Content Network
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 .
This encounter led the former management consultant, Bruysten, to visit some of Muhammad Yunus' social businesses in Bangladesh. Bruysten then started setting up Grameen Creative Lab with a German entrepreneur, where her former BCG colleague Sophie Eisenmann later joined. In 2011, the trio agreed to co-found Yunus Social Business beyond Bangladesh.
Banker to the Poor: Micro-Lending and the Battle Against World Poverty is an autobiography of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus.The book describes Yunus' early life, moving into his college years, and into his years as a professor at Chittagong University.
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.
Grameen bank was founded in 1976 by Muhammad Yunus using a social business model. It has given loans to millions of people, a large percentage of which are women, to help them come out of poverty. Yunus draws five lessons for building social businesses from this experiment: challenging conventional wisdom, finding complementary partners ...
The Grameen Bank, which is generally considered the first modern microcredit institution, was founded in 1983 by Muhammad Yunus. [2] Yunus began the project in a small town called Jobra, using his own money to deliver small loans at low-interest rates to the rural poor. Grameen Bank was followed by organizations such as BRAC in 1972 and ASA in ...
The film features stories of some of Grameen America's first clients, women below the poverty line working to build businesses such as a hair salon and a bakery. It shows Newez and Mendez working out of a small office and holding group meetings in people's homes, as group meetings are a core element of the Grameen Bank peer lending model. [3]
Grameen America opened its doors in January 2008. In September 2018, Grameen America reached a milestone of $1 billion dispersed in microloans to over 100,000 of its members in the ten years since its founding. [4] As of 2023, Grameen America has disbursed more than $3 billion in affordable capital. New York City is the world capital of banking.