explain the working of Grameen Bank of Bangladesh
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grameen converts deposits made in villages into loans for the more needy in the village (yunus and jolis 1998). it targets the poorest of the poor,with a particular emphasis on woman,who receive 95 percent of the bank's loans.
i hope it s help u
grameen converts deposits made in villages into loans for the more needy in the village (yunus and jolis 1998). it targets the poorest of the poor,with a particular emphasis on woman,who receive 95 percent of the bank's loans.
i hope it s help u
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Here is your answer buddy✌✌
So, Thé ÃnSwer is.. ::-- Grameen Bank (Bengali: গ্রামীণ বাংক) is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit")to the impoverished without requiring collateral.
Grameen Bank originated in 1976, in the work of Professor Muhammad Yunus at University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983 the Grameen Bank was authorised by national legislation to operate as an independent bank.
The bank grew significantly between 2003 and 2007. As of January 2011, the total borrowers of the bank number 8.4 million, and 97% of those are women.In 1998 the Bank's "Low-cost Housing Program" won a World Habitat Award. In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize.
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Here is your answer buddy✌✌
So, Thé ÃnSwer is.. ::-- Grameen Bank (Bengali: গ্রামীণ বাংক) is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit")to the impoverished without requiring collateral.
Grameen Bank originated in 1976, in the work of Professor Muhammad Yunus at University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983 the Grameen Bank was authorised by national legislation to operate as an independent bank.
The bank grew significantly between 2003 and 2007. As of January 2011, the total borrowers of the bank number 8.4 million, and 97% of those are women.In 1998 the Bank's "Low-cost Housing Program" won a World Habitat Award. In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize.
#ThankYou
I hope It's help!! Follow me!!
@Ramsharma
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