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- W3147152885 abstract "Grameen Bank is a microfinance organization and community development bank founded inBangladesh. It makes small loans to the impoverished without requiring collateral. GrameenBank originated in 1976, in the work of Professor Muhammad Yunus at University ofChittagong, who launched a research project to study how to design a credit delivery systemto provide banking services to the rural poor people. In October 1983 the Grameen Bank wasauthorized by national legislation to operate as an independent bank. 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 (“The Nobel Peace Prize for2006, 13 October, 2006).“In 2019, the Bank have about 2,568 branches and over nine million borrowers, with arepayment rate of 99.6%. 97% of the borrowers were women. The Bank has been active in97% of the villages of Bangladesh” (Grameen Bank monthly update: September, 2019). Itssuccess has inspired similar projects in more than 40 countries around the world, including aWorld Bank initiative to finance Grameen-type schemes. Grameen Banking system is now expanding into wealthy countries, as well. As of 2017, Grameen America has 23 branches infifteen US cities. it has invested a total of $1.26 billion to reach out to 120 ,000 borrowers, alllow-income women of the USA, in 15 cities. (UNB, SEPTEMBER 23, 2019)" @default.
- W3147152885 created "2021-04-13" @default.
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- W3147152885 date "2020-01-04" @default.
- W3147152885 modified "2023-09-27" @default.
- W3147152885 title "Micro Credit Program of Grameen Bank for Poverty Alleviation and Women Empowerment" @default.
- W3147152885 hasPublicationYear "2020" @default.
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