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Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance specialized community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral. Grameen Bank is jointly operated by its borrower members and the government.
- October 1983
- Muhammad Yunus
- Md. Mosleh Uddin (Managing Director), AKM Saiful Majid (Chairman of the Board)
- Dhaka, Bangladesh
Grameen Bank is the pioneer microcredit organization in the world. Starting from scratch, the bank has for years added a multidimensional package of services aimed at freeing the marginalized poor from starvation, hunger, and deprivation.
Grameen Bank, Bangladeshi bank founded by economist Muhammad Yunus as a means of providing small loans to poor individuals (see microcredit). In 2006 Grameen and Yunus were awarded the Nobel Prize for Peace. The Grameen (Bengali: “Rural”) model, devised by Yunus in 1976, is based on groups of five.
Grameen Bank is a Nobel Peace Prize-winning bank that provides microcredit to the poor, especially women, in Bangladesh. It operates in 81678 villages and has 10.52 million borrower members, with a high recovery rate and social impact.
Learn how Grameen Bank, the world's first microfinance bank, was launched in 1976 by Professor Muhammad Yunus to provide banking services to the rural poor in Bangladesh. Find out its objectives, achievements, challenges and social impact.
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A review of the book The Price of a Dream, by David Bornstein, that tells the story of the Grameen Bank, a micro-loan institution that helps the poor in Bangladesh to change their lives. The reviewer praises the book's upbeat history, portraits of the bank's clients and staff, and its impact on women's empowerment.
Vision. Mission. Providing comprehensive financial services to empower the poor to realize their potential and to break out of the vicious cycle of poverty.
