What is Grameen Bank?

  What is Grameen Bank?

Bank For Poor!!!

Grameen Bank

Introduction

Grameen Bank (GB) has reversed typical banking apply by removing the necessity for collateral and created a banking industry supported mutual trust, responsiveness, participation and ability. GB provides credit to the poorest of the poor in rural Asian country, with none collateral. At GB, credit could be a value effective weapon to fight impoverishment and it is a catalyst within the over all development of socioeconomic conditions of the poor UN agency are unbroken outside the banking orbit on the bottom that they're poor and thence not bankable. academic Muhammad Yunus, the founding father of “Grameen Bank” reasoned that if monetary resources is created obtainable to the poor folks on terms and conditions that are acceptable and cheap, “these ample tiny folks with their ample tiny pursuits will add up to form the most important development marvel.”

As of Dec, 2017, it has 8.93 million borrowers, ninety seven p.c of whom are girls. With 2,568 branches, GB provides services in eighty one,400 villages, covering quite ninety seven p.c of the full villages in Asian country.

Grameen Bank’s positive impact on its poor and erstwhile poor borrowers has been documented in several freelance studies allotted by external agencies as well as the globe Bank, the International Food analysis Policy Institute (IFPRI) and therefore the Asian country Institute of Development Studies (BIDS).

(Last Updated Gregorian calendar month 2018 )