Citizenship Stage 2 Poverty 2018

1. CITIZENSHIP STAGE 2 PROJECT
POVERTY
MUHAMMAD YUNUS, FOUNDER OF GRAMEEN BANK

2. INTRODUCTION OF SOCIAL ENTREPRENEUR
 Muhammad Yunus was born on 28 June 1940 in a poor village in Chittagong, the business centre of
Bangladesh.
 He was influenced by his kind mother who always helped any poor person or relative who knocked on
their door.
 This gave him inspiration to eradicate poverty

3. INTRODUCTION OF SOCIAL ENTREPRENEUR
 In 1974, he became a professor in Chittagong University.
 One day he led his students on a field trip to a poor village. There, they learnt the hardships that the
villagers faced. In December 1976, he secured a loan from the government Janata bank to lend to the
poor as he believed that given the chance, they would pay back the loan.
 On 1st October 1983,the pilot project started as a full fledged project and was renamed Grameen
Bank[Village Bank].

4. HISTORY OF VENTURE
 Grameen foundation was founded in 1997, inspired by the work of Nobel Laureate Professor
Muhammad Yunas , founder of Grameen Bank and a global leader in the fight against poverty
 By 2009, the 52-member network had provided micro-loans and other services to 10.9 million people.
 In its second decade, Grameen Foundation broadened its approach to tackle multiple dimensions of the
complex problems of poverty by identifying solutions that build on the strengths of the poor.
 In 2016, Grameen Foundation and the global nonprofit Freedom from hunger decided to join forces
under the banner of Grameen Foundation. Founded in 1946 under the name of Meals for Millions,
throughout its 70 years Freedom from Hunger never hesitated to embrace any change that would
further its mission of ending hunger and poverty.
 Today, Grameen Foundation continues to expand and strengthen its programs, partnerships and
geographic reach to enable the poor, especially women, to create a world without poverty and hunger.

5. IMPACT OF VENTURE
 Grameen bank has lent US$6.38 to 7.4 million borrowers by 2007.
 Grameen bank started to diversify and this created separate organisations like Grameen Motsho,
Grameen Krishi, Grameen trust and Grameen Fund.
 Grameen bank supports Grameen phone, Grameen phone has brought cell phone ownership to 260000
rural poor in over 50000 villages .
 Grameen bank model has been copied by over 100 developing country, it is also inspired similar efforts
in developed countries like the United states.

6. CREDIT OF SOURCES AND GROUP MEMBERS
 https://grameenfoundation.org/about/history
 https://en.wikipedia.org/wiki/Muhammad_Yunus
 http://www.grameen.com/founder-2/