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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 .
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.
To further his vision, he went on to organize a global consortium involving Telenor, Norway's leading telecommunications company; an affiliate of micro-credit pioneer Grameen Bank in Bangladesh (winner of the 2006 Nobel Peace Prize); Marubeni Corp. in Japan; Asian Development Bank in the Philippines; Commonwealth Development Corp. in the United ...
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 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 ...
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 ...
Grameen America presentation. Grameen America was founded upon the belief that Grameen Bank's microfinance lending system could succeed in urban America as it had in Bangladesh. Professor Yunus believed that microfinance should be put to work in the capital of international finance, New York City, in which a segment of the population do not ...
Prior to co-founding Yunus Social Business, Muhammad Yunus pioneered the field of micro-finance through Grameen Bank in his home country of Bangladesh. Muhammad Yunus and Grameen Bank received the Nobel Peace Prize for establishing microfinance and trying to tackle poverty. Grameen Bank became the first of several social businesses that ...