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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 .
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 ...
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 ...
The $60 loan she receives from Grameen Bank allows her to put the down payment on a bicycle rickshaw and buy chickens whose eggs she can sell. [3] The film shows group meetings where community members recite the Sixteen Decisions that Grameen Bank uses to improve the lives of those it loans to and help ensure that the people are able to repay ...
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 ...
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 ...
Banker to the Poor: Micro-Lending and the Battle Against World Poverty is an autobiography of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus.The book describes Yunus' early life, moving into his college years, and into his years as a professor at Chittagong University.
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.