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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 .
Grameen Bank became the first of several social businesses that Muhammad Yunus founded. [citation needed] In 2008, Muhammad Yunus and future YSB co-founder Saskia Bruysten met at the London School of Economics, where Muhammad Yunus was giving a talk on the promise of social business. Later, they exchanged contact information. [2]
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 ...
His local bank refused. He took the case clear up to the top bank in Dhaka, finally securing credit to loan to local borrowers. Thus, in January 1977, the Grameen Bank was born. This bank started under completely new principles, different than any other bank in Bangladesh at the time. Its premise was that each borrower had a human right to credit.
The Yunus Centre is located in the Grameen Bank building in Mirpur Thana, Dhaka. The Yunus Centre, in Dhaka, Bangladesh is a think tank for issues related to social business, working in the field of poverty alleviation and sustainability.
The Chelambra bank robbery in the Malappuram district of Kerala, India is considered to be one of the biggest and most sensational bank robberies in the crime history of Kerala. [1] In the early hours of 30 December 2007, the robbers made a hole in the floor of the Kerala Gramin Bank and got away with 80 kilograms of gold and 5,000,000 rupees ...
Grameen Telecom (GTC) was established in Bangladesh by Muhammad Yunus with a partial stake in Grameenphone (GP) and registered as a Not-for-Profit Company, Limited by Guarantee, under Section 28 of the Companies Act, 1994. GTC launched the program of Village Phone that enables rural poor to own a mobile phone and turn it into a profit-making ...
Jharkhand Rajya Gramin Bank [1] (JRGB) is a Regional Rural Bank (RRB). The bank was established on 1 April 2019 with the amalgamation of the erstwhile Vananchal Gramin Bank and erstwhile Jharkhand Gramin Bank under the provisions of RRB Act 1976. It is under the ownership of Ministry of Finance, Government of India.