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- W3119245510 abstract "The history of Grameen can be traced back to 1976 when Professor MuhammadYunus, Head of the Rural Economics Program at the University of Chittagong, launchedan action research project to examine the possibility of designing a credit delivery systemto provide banking services targeted at the rural poor.Muhammad Yunus earned a doctorate in economics from Vanderbilt University in theUnited States. He was inspired during the Bangladesh famine of 1974 to make a small loanof US$27 to a group of 42 families as start-up money so that they could make items forsale, without the burdens of high interest under predatory lending. Yunus believed thatmaking such loans available to a larger population could stimulate businesses and reducethe widespread rural poverty in Bangladesh.Nobel Laureate Muhammad Yunus, the bank's founder Yunus developed the principles ofthe Grameen (literally, Bank of the Villages in Bengali) from his research andexperience. He began to expand microcredit as a research project together with the RuralEconomics Project at Bangladesh's University of Chittagong to test his method forproviding credit and banking services to the rural poor." @default.
- W3119245510 created "2021-01-18" @default.
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- W3119245510 date "2020-01-04" @default.
- W3119245510 modified "2023-09-23" @default.
- W3119245510 title "Loan Performance Analysis of Grameen Bank" @default.
- W3119245510 hasPublicationYear "2020" @default.
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