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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 .
He is serving as the current vice-chancellor of North South University [2] and the current chairman of Grameen Bank. [3] Prior to these positions, Chowdhury was the two-time Dean at School of Business and Economics, North South University. He has also been the vice-chancellor of Primeasia University and pro-vice-chancellor of Eastern University ...
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.
The bank is jointly owned by the central and state governments and sponsored by the Indian Bank. It is under the ownership of the Ministry of Finance , Government of India . Tamil Nadu Grama Bank was formed on 1 April 2019 by the amalgamation of the erstwhile Pallavan Grama Bank and Pandyan Grama Bank, as per GOI Gazette Notification No. 363 ...
Grameen Danone Foods was launched in 2006 as a joint venture between Grameen Bank and the French food company Groupe Danone. Grameen Danone's first product is a fortified yoghurt, branded Shoktidoi, which is designed to provide children with many of the key nutrients that are typically missing from their diet in rural Bangladesh.
The Grameen Bank Act 2013 was approved at a cabinet meeting chaired by Prime Minister Sheikh Hasina [136] and was passed by parliament on 7 November 2013. [137] It replaced the Grameen Bank Ordinance, the law that underpinned the creation of Grameen Bank as a specialised microcredit institution in 1983. [138] The New York Times reported in ...
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]
Mohammad Shahjahan Bangladeshi is a former managing director and CEO of Grameen Bank. [1] [2] [3] He assumed the office on 14 August 2011 until he retired on 30 October 2014. [4] He gained his Bachelor of Commerce degree in accounting from University of Dhaka in 1976. He completed his master's degree in accounting and finance from the same ...