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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 Social Success Note is an outcome-based financing mechanism in which a commercial bank is incentivized to lend to social businesses by a donor, who provides a grant to the commercial bank representing market returns (in addition to the social business' loan repayments) when the social business meets predefined objectives. [24]
The movie tells the story of Muhammad Yunus, a Bengali economist and banker, inventor of microcredit and recipient of the Nobel Peace Prize in 2006 along with his Grameen Bank. For the script of his Banker to the Poor , written together with the famous Sergio Donati , Amenta was awarded and praised by Robert De Niro at the Tribeca Film Festival .
An earlier 2008 study of 126 microfinance institutions in 14 Muslim countries [267] found similarly weak outreach—only 380,000 members [Note 18] out of an estimated total population of 77 million there were "22 million active borrowers" of non-sharia-compliant microfinance institutions ("Grameen Bank, BRAC, and ASA") as of 2011 in Bangladesh ...
Most needs are met through a mix of saving and credit. A benchmark impact assessment of Grameen Bank and two other large microfinance institutions in Bangladesh found that for every $1 they were lending to clients to finance rural non-farm micro-enterprise, about $2.50 came from other sources, mostly their clients' savings. [17]
Given any ratio, one can take its reciprocal; if the ratio was above 1, the reciprocal will be below 1, and conversely. The reciprocal expresses the same information, but may be more understandable: for instance, the earnings yield can be compared with bond yields, while the P/E ratio cannot be: for example, a P/E ratio of 20 corresponds to an ...
Grameen Trust (GT), a non-profit and non-government organization established in 1989 uses microcredit as a tool for fighting poverty and follows the Grameen Bank approach for the purpose. It supports and promotes poverty focused microcredit programs all over the world under its Grameen Bank Replication Program (GBRP) through a number of ways ...
Grameen CyberNet Limited is an internet content, solution and service provider in Gulshan, Dhaka, Bangladesh founded in July 1996 by Dr. Muhammad Yunus and Golam Mohiuddin, an entrepreneur promoting Apple Inc. in Bangladesh, as a joint venture between Grameen Fund, the venture capital arm of Grameen Bank, and CITech Limited, Mohiuddin's enterprise.