write a short note on gramin bank of bangladesh?
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❤️❤️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.[8] 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.[9]❤️❤️
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- it was started in Bangladesh in 1970 by professional Mohammed Yunus
- it was small project but it achieve grand success in removing poverty from the country
- in starting most of the borrows were women
- they use the money in the number income generate activity has empower them set and their family
- it help poor to meet their cadet needs at reasonable rates
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