 Fail to meet the eligibility criteria of commercial  banks Unable to provide any collateral security Want loan at low ...
 Mohammed Yunus was  economics professor at the  University of  Chittagong, Bangladesh Experimented with a lending  mode...
 Provide banking facility to  the poor men and women Prevent the poor people from  being exploited by the  moneylenders...
 The lending model designed to suit the needs of poor  women Encouraged women to form self-help groups Loans at low int...
 1993: Healthcare services for the poor rural people 1996: Grameen Shakti to promote renewable energy in  remote village...
 Grameen Phone became the leading  telecommunications service in 2006 8.4 Million members 95% of Grameen shares are hol...
 2010: Press reports accuse Grameen Bank of financial  impropriety 2011: Bangladeshi government appointed a five  member...
 Many organizations in developing countries  implemented the lending model. Indian companies promote the model as an alt...
The First Micro Lending Model that Changed the Lives of Millions of Poor People
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The First Micro Lending Model that Changed the Lives of Millions of Poor People

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The First Micro Lending Model that Changed the Lives of Millions of Poor People

  1. 1.  Fail to meet the eligibility criteria of commercial banks Unable to provide any collateral security Want loan at low interest rates Flexible repayment schedule
  2. 2.  Mohammed Yunus was economics professor at the University of Chittagong, Bangladesh Experimented with a lending model designed to suit the needs of the poor rural people Started Grameen Bank in 1983 as a retail bank for the poor Awarded Nobel Peace Prize in 2006
  3. 3.  Provide banking facility to the poor men and women Prevent the poor people from being exploited by the moneylenders Create employment opportunities for rural people Empower the women to earn and manage their own finances
  4. 4.  The lending model designed to suit the needs of poor women Encouraged women to form self-help groups Loans at low interest rate and with flexible repayment schedule The Grameen Bank earned profits as an independent entity
  5. 5.  1993: Healthcare services for the poor rural people 1996: Grameen Shakti to promote renewable energy in remote villages 1996: Grameen Kalyan, a health insurance product for the poor 1996: Grameen Telecom
  6. 6.  Grameen Phone became the leading telecommunications service in 2006 8.4 Million members 95% of Grameen shares are hold by its members Nearly all its members are women Disbursed $10.2 billion in loans since 1983 $1.5 billion in savings and $984.34 million in outstanding loans
  7. 7.  2010: Press reports accuse Grameen Bank of financial impropriety 2011: Bangladeshi government appointed a five member committee to investigate the charges 2011: Bangladeshi government appointed a new Chairman for Grameen Bank 2012: Prof. Yunus lost his appeal in High Court 2012: Prof. Yunus lost his final appeal in Bangladeshi Supreme Court
  8. 8.  Many organizations in developing countries implemented the lending model. Indian companies promote the model as an alternative to charity India. Organizations use latest technology to raise funds. Millions of poor people get financial assistance at low interest rates.

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