Grameen Bank

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  • The Benefits Of Grameen Bank

    791 Words  | 4 Pages

    entrepreneurial venture stands out and the name of that organization is Grameen Bank. The Grameen Bank began as a research project of using microcredit to improve small startup business and entrepreneurial ventures in Bangladesh by its founder, Muhammad Yunus in 1976 but it was not until October 2, 1983, that Grameen Bank became an independent bank through a Bangladeshi government ordinance (Grameen Bank, n.d.). Grameen Bank provides various services that benefit not just a group of people but the

  • Disadvantages Of Grameen Bank Model

    788 Words  | 4 Pages

    joint liability group (JLG) model. Under the SHG model, MFI lends the loans to a group of 10 - 20 women as a whole. Under the SHG - bank linkage model, an NGO promotes a group and gets banks to extend loans to the group. Under the joint liability models, loans are extended to, and recovered from, each member of the group. The most popular JLG models are Grameen Bank model and the Activist for Social Alternatives (ASA) model. Most of the leading MFIs in India follow a hybrid of the group models.

  • The Grameen Project : Grameen Bank As Part Of A Delivery Recovery Mechanism For Impoverished Individuals Living

    1169 Words  | 5 Pages

    The Grameen Project was started in 1977 by the Grameen Bank as part of a delivery-recovery mechanism for impoverished individuals living in Bangladesh. The Grameen Project went against the typical banking philosophy of the time with regards to who received loans and the re-payment structures for loans. The premise of the Grameen Project was that support groups would be beneficial for both the bank and the individual borrowing money, in that all individuals in the group would assume a moral responsibility

  • A Social Business, Microlending Essay

    1562 Words  | 7 Pages

    University in Nashville, Tennessee, with a PhD in economics. Muhammad Yunus is the founder of Grameen Bank, the first non-profit organization to offer microfinance services in Bangladesh and in the world (New York Times). This bank showed the world on how little

  • Study on Six Successful Leaders

    3514 Words  | 15 Pages

    stakeholders. A leader steps up in times of crisis, and is able to think and act creatively in difficult situations. Muhammad Yunus (born 28 June 1940) is a Bangladeshi banker, economist and Nobel Peace Prize recipient. He is the founder of the Grameen Bank. He gives the loan to rural poor people to be self-sufficiency. Bill Gates the founder of Microsoft Corporation and one of the wealthiest men in the world. Bill Gates assisted with the development of Microsoft Windows, Internet Explorer, and Microsoft

  • Muhammed Yunus: Banker to the Poor

    1737 Words  | 7 Pages

    Muhammed Yunus is an innovative economics professor who through hard work has become the face of microeconomics. In his novel, Banker to the Poor, Muhammed Yunus presents his concept of micro-lending as the leading solution for eradicating poverty. During conversations between Muhammed Yunus and banking professionals, professor Yunus was astounded by the way business was conducted in financial institutions, more specifically how they decided who qualified for a loan. After reading, Banker to the

  • Ict Ensuring The Women Participation

    1272 Words  | 6 Pages

    For sustaining this transition from agrarian to industrial economy, Bangladesh must create and exploit knowledge through the widespread use and application of ICT ensuring the women participation. ICTs have the potential to support the development strategy of “leapfrogging” i.e., bypassing heavy infrastructure building it is possible for a developing economy to transform itself directly into a knowledge economy & women empowerment should be enhanced by using this dynamic means. For example, during

  • Book Review Of Banker To The Poor By Muhammad Yunus

    3176 Words  | 13 Pages

    Banker to the Poor is a readable, engaging first-person memoir by Muhammad Yunus, the founder of the Grameen Bank of Bangladesh. Born in 1940, Muhammad Yunus grew up in the Bengal Province of British India (now Bangladesh). Yunus studied economics at Dhaka University receiving a B.A. and M.A. in the field. Afterward, he accepted a Fulbright scholarship in order to study at Vanderbilt University receiving his Ph.D. in economics in 1971. While teaching at Chittagong University , Yunus observed the

  • Microcredit and Poverty Alleviation Essay example

    2253 Words  | 10 Pages

    Microcredit is a financial innovation that is considered to have originated with the Grameen Bank in Bangladesh, and Muhammad Yunus is its founder. This Bank offers collateral free loan to rural poor women. Women are afforded the opportunity of education and access to health care, reduced unemployment, so that their families and communities prosper. The future of the Microcredit is very bright now because it plays an important role for the development of poor families. This system is being introduced

  • A Proposal for Sustainable Development through Microfinance

    2024 Words  | 9 Pages

    opportunities, and characteristics of three well-managed microfinance institutions (“MFIs”): Grameen Bank (“Grameen”), Compartamos, and Friendship Bridge (“Friendship”). These analyses highlight the strategic leverage points – business strategies, organizational structures, financial reporting transparency, performance measurements, and organizational objectives – that determine the success of microfinance