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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 Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of both commercial and non-profit ventures. It was first established by Muhammad Yunus, the Nobel Peace Prize-winning founder of Grameen Bank. Most of the organizations in the Grameen group have central offices at the Grameen Bank Complex in Mirpur ...
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 ...
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.
Grameen Mutual Fund One is a team-managed all-weather closed-end balanced mutual fund enlisted at Dhaka and Chittagong Stock Exchanges.Grameen Fund is the sponsor and trustee of the fund, while Standard Chartered Bank is the custodian and Asset & Investment Management Services of Bangladesh Limited (AIMS) is the asset manager.
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.
CreditAccess Grameen Limited (CA Grameen) is an Indian microfinance institution, headquartered in Bengaluru, which serves customers predominantly in rural areas. [ 5 ] [ 6 ] [ 7 ] The company is engaged in providing microfinance services to women from low-income households who are enrolled as members and organized in Joint Liability Groups.
Maharashtra Gramin Bank [1] is an Indian Regional Rural Bank (RRB) or Gramin bank, in the State of Maharashtra with its head office is in Aurangabad. It is one of the 43 Gramin banks in India supported by the government that aim to bring banking services to rural areas. It is under the ownership of Ministry of Finance, Government of India.