Grameen Bank was founded in 1983 by Muhammad Yunus to provide microloans to poor people without requiring collateral. It aims to help fight poverty by providing affordable banking services to those outside the traditional banking system due to their economic status. Since its founding, Grameen Bank has grown to serve over 8 million borrowers, 97% of whom are women across over 2,500 branches in Bangladesh. It has loaned over $18 billion and helped improve socioeconomic conditions for many it has served.

1. Fighting poverty with
Grameen Bank
S

2. Introduction to Grameen Bank
• Grameen Bank has reversed conventional banking practice by
removing the need for collateral and created a banking system based
on mutual trust, accountability, participation and creativity.
• Grameen Bank aims to be a cost effective option to fight poverty, and
serve as a catalyst in the overall development of socio-economic
statuses of poor people, who were kept outside the banking orbit on
the ground that they are poor.

3. About the founder: Prof. Muhammad Yunus
• Born on 28 June, 1940 in the village of Bathua, in Hathazari, Chittagong, he
was the third of 14 children.
• He was inspired by his mother, who would help anyone who knocked on
their door
• He once led his students from Chittagong University to interview a poor
woman who made bamboo stools for a living, and earns barely enough for
survival. He then proceeded to give a loan to the woman, out of his own
pocket.
• This sparked his personal initiative to give loans for poor people to pull
themselves out of poverty.
• Going against the advice of banks and government, he continued his
initiative, and provided micro-loans, and in 1983 forming Grameen Bank.

4. History of Grameen Bank
• In 1976, the village of Jobra and other villages near the University of
Chittagong were the first areas eligible for service from Grameen Bank.
• With support from Bangladesh Bank, was extended in 1979 to the Tangail
district.
• It was only on October 2, 1983, that the project was authorized and
established as an independent bank.
• Since then, it has 8.81 million borrowers, 97 percent of whom are women.
With 2,568 branches, GB provides services in 81,392 villages, covering
more than 97 percent of the total villages in Bangladesh, as of December,
2015.
• It has also disbursed collateral free loan of $18 Billion to around 9 million
borrowers.

5. Impact of Grameen Bank
• As of December, 2015, it has 8.81 million borrowers, 97 percent of
whom are women. With 2,568 branches, Grameen Bank provides
services in 81,392 villages, covering more than 97 percent of the total
villages in Bangladesh.
• Because Prof. Muhammad Yunus has shown himself to be a leader
who has managed to translate visions into practical action for the
benefit of millions of people, not only in Bangladesh, but also in many
other countries, the Nobel Peace Prize 2006 was divided into 2
different parts, to Prof. Muhammad Yunus and Grameen Bank

6. Credits
• Sources of information:
ohttp://www.grameen.com/introduction/
ohttp://www.grameen.com/founder-2/
ohttps://en.wikipedia.org/wiki/Grameen_Bank#History
ohttp://www.thedailystar.net/sites/default/files/feature/images/grameen-
bank-logo.jpg
ohttps://lh3.googleusercontent.com/-
YU1vva1sRnc/AAAAAAAAAAI/AAAAAAAASi4/fdJdNtw0bOo/s0-c-k-no-
ns/photo.jpg
• Done by: Jaydon Lee, Dylan Lieo, Nicholas Loo, Eric Sim, Nathenial Chia.
• Group: poverty