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They do. Unlike the rich, the poor cannot risk not repaying. This is the only chance they have." Grameen was then allowed to add housing loans to their range of services. [42] As of 1999, Grameen made housing loans totalling $190 million to build over 560,000 homes with near-perfect repayment. By 1989, their average housing loan had grown to $300.
CreditAccess Grameen Limited (CA Grameen) is an Indian microfinance institution, headquartered in Bengaluru, which serves customers predominantly in rural areas. [ 5 ] [ 6 ] [ 7 ] The company is engaged in providing microfinance services to women from low-income households who are enrolled as members and organized in Joint Liability Groups.
Grameen Shikkha or Grameen Education was established in 1997 to promote mass education in rural areas, provide financial support in the form of loans and grants for the purpose of education, use IT for alleviation of illiteracy and development of education, promote new technologies and innovate ideas and methods for development of education ...
Grameen America opened its doors in January 2008. In September 2018, Grameen America reached a milestone of $1 billion dispersed in microloans to over 100,000 of its members in the ten years since its founding. [4] As of 2023, Grameen America has disbursed more than $3 billion in affordable capital. New York City is the world capital of banking.
Grameen Danone Foods, popularly known as Grameen Danone, is a social business enterprise, launched in 2006, which has been designed to provide children with many of the key nutrients that are typically missing from their diet in rural Bangladesh. It is run on 'No loss, No dividend' basis.
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 ...
Grameen Foundation, founded as Grameen Foundation USA, also known as "GFUSA", is a global 501(c)(3) non-profit organization based in Washington, DC, that uses digital technology and data to understand very poor people, in detail, and offer them—and the entire ecosystem of agencies and actors surrounding them—empowering tools that meet and elevate their everyday realities.
Grameenphone LTD, widely abbreviated as GP, is a telecommunications service provider in Bangladesh. As of December 2023, its subscribers span over 82.20 million. [4] It is a joint venture between Telenor and Grameen Telecom. Where Telenor owns a 55.8% share of Grameenphone, Grameen Telecom owns 34.2% and the remaining 10% is publicly held. [5]