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Grameen Bank Complex at Mirpur-2, Dhaka. 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.
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.
Grameen Bank Head Office at Mirpur-2, Dhaka. In 1976, during visits to the poorest households in the village of Jobra near Chittagong University, Yunus discovered that very small loans could make a disproportionate difference to a poor person.
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]
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 .
Begum served as the acting managing director of Grameen Bank after the bank's founder Muhammad Yunus left the bank in 2011. She worked as general manager, Administration, Training and International Program of Grameen Bank.
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 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 ...