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Grameen Bank ( Bengali: গ্রামীণ ব্যাংক) is a microfinance specialized community development bank founded in Bangladesh. [4] [5] It makes small loans (known as microcredit or "grameencredit") [6] to the impoverished without requiring collateral. Grameen Bank is jointly operated by its borrower members and the government.
Signature. Muhammad Yunus (born 28 June 1940) is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. [1] These loans are given to entrepreneurs that are too poor to qualify for ...
Grameen Fund is a not-for-profit company in Bangladesh established to provide risk capital to small and medium enterprises (SME) beyond the scope of Grameen Bank 's objectives of providing microcredit to the very poor. [5] [7] Incorporated on 17 January 1994, Grameen Fund started operation in February 1994, inheriting 40 projects of Grameen ...
In 1983, he founded Grameen Bank, which gave small, long-term loans on easy terms to low-income individuals, especially women, so they could start their own businesses, a concept known as microcredit.
Muhammad Yunus, founder of Grameen Bank, was a one-time political rival to Bangladesh prime minister Sheikh Hasina.
2000. Running time. 60 minutes. Language. English. Sixteen Decisions is a documentary film directed and produced by Gayle Ferraro, exploring the impact of the Grameen Bank on impoverished women in Bangladesh. The bank provides micro loans of about $60 each to the poor, as well as promoting a social charter that gave the film its title.
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. While a professor at Chittagong University, Yunus ...
Solidarity lending. Solidarity lending involves collateral-free loans through solidarity groups and village organizations like this one in Bangladesh. Solidarity lending is a lending practice where small groups borrow collectively and group members encourage one another to repay. It is an important building block of microfinance .