Question

9. Describe the role played by Grameen Bank of Bangladesh​

Answer 1

Answer:

Grameen Bank of Bangladesh performs the most important function by providing credit to the poor people at low interest rates. They lend loan to about 6 million people in 40,000 villages across Bangladesh. This enabled the poor women to come up with small business activities to generate income for their survival.

Answer 2

Answer:

HERE IS YOUR ANSWER DEAR....

Explanation:

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Grameen Bank of Bangladesh was started in the 1970s. It has now over 6 million borrowers in about 40,000 villages. Almost all the borrowers are women and belong to poorest sections of the society. These borrowers have proved that not only are poor women reliable borrowers, but they can start and run a variety of small income generating activities successfully. Thus the Grameen bank has played a significant role in the improvement of the condition of the poor women in Bangladesh. Professor Muhammad Yunus, the founder of Grameen Bank and recipient of 2006 Nobel Peace prize for peace has stated that,” if credit can be made available to the poor people on terms and conditions that are appropriate and reasonable these million of small people with their millions of small pursuits can add up to create the biggest development wonder”.