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Social entreprenuer


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The bank who says NO to poverty.

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Social entreprenuer

  1. 1. Grameen Bank
  3. 3. • Grameen Bank (GB) has reversed conventional banking practice by removing the need for collateral and created a banking system based on mutual trust, accountability, participation and creativity. • GB provides credit to the poorest of the poor in rural Bangladesh, without any collateral. • Professor Muhammad Yunus (On the left) , the founder of "Grameen Bank" and its Managing Director, reasoned that if financial resources can be made available to the poor people on terms and conditions that are appropriate and reasonable.
  4. 4. • Grameen Bank's positive impact on its poor and formerly poor borrowers has been documented in many independent studies carried out by external agencies • As of October in the year 2011, it has 8.349 million borrowers, 97 percent of whom are women. • With 2,565 branches, GB provides services in 81,379 villages, covering more than 97 percent of the total villages in Bangladesh. (On the left, Professor Muhammad Yunus is socialising with his fellow members and borrowers.)
  6. 6. • The origin of Grameen Bank can be traced back to 1976 • Professor Muhammad Yunus, launched an action research project to examine the possibility of designing a credit delivery system to provide banking services targeted at the rural poor. • The Grameen Bank Project (Grameen means "rural" or "village" in Bangladesh) then came into operation. • A few of the objective was extending banking facilities to the poor, to eliminate the exploitation of the poor by money-lenders
  7. 7. • Grameen Bank enjoys international fame and its model has been replicated in countries all over the world • 91% of Grameen Bank members improved their economic conditions after joining Grameen Bank. • The rate of poverty reduction appears to decline with duration of membership. • The households who have been members for more than five years moderate poverty fell by 9% and ultra-poverty by 18%
  8. 8. • Information and pictures were adapted from and Google Images. Group Members: • Lau Zhan Yuan Deric • Lee Jie Hao Jordan • Lee Nethan • Liew Kun Kiat Cyrus • Lim Ding Rong Kevin