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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]
In 1987 [1] a Grameen program opened up in a country other than Bangladesh – Malaysia – and soon micro-credit banks based on the Grameen bank appeared in countries such as the Philippines, India, Nepal, Vietnam, China, Latin America, Africa, the United States, and Europe. The micro-finance model of Grameen has proved versatile and has ...
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 ...
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 ...
In business, Gross Margin Return on Inventory Investment (GMROII, also GMROI) [1] is a ratio which expresses a seller's return on each unit of currency spent on inventory.It is one way to determine how profitable the seller's inventory is, and describes the relationship between the profit earned from total sales, and the amount invested in the inventory sold.
In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.
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.