Citizenship Stage 2 Aaron Low Raphael Siah Joel Huang Chin Char Juin Joshua Chew

1. CURBING
POVERTY
Prof Muhammad Yunus’
Grameen Bank
http://dearworld.me/uploads/original/yunus-1367459828.jpg

2. Introduction
Professor Muhammad Yunus was the founder of
Grameen Bank
Envisioned a bank that was built upon the values of
mutual trust, accountability, participation and creativity
Wanted financial resources to be provided to those in
poverty on reasonable terms and conditions
These people would thus be able to collectively embark
on large and profitable developments

3. Introduction
Used to teach in the
classroom
Empathised with the poor
villagers who were
enslaved by loan sharks
Wanted the poor to ‘own’ a
bank
Won the Nobel Peace
Prize in 2006
http://acumen.org/content/uploads/2009/02/muhammad-yunus.jpg

4. History of Venture
Organised workshops for
the rural people in the
villages to share life stories
about financial troubles
The Grameen Bank
Project eventually
developed into a full-
fledged bank through
positive reception and
response
http://www.nobelprize.org/nobel_prizes/peace/laureates/2006/grameen_postcard.jpg

5. History of Venture
Professor Yunus wanted his
bank to have a significant
positive impact on the poor in
rural Bangladesh
Wanted to achieve a banking
system based on a credit
system
The poor be able to use credit to
introduce themselves to the
banking scene
They can then start up many
socioeconomic developments
http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2013/06/20/Photos/grameen_bank--621x414.jpg

6. http://www.grameen.com/index.php?option=com_content&task=vi
ew&id=1043&Itemid=0
http://www.nobelprize.org/nobel_prizes/peace/laureates/2006/
http://www.grameen.com/index.php?option=com_content&task=vi
ew&id=16&Itemid=112
Aaron Low Jie Ann
Chew Jia Ren, Joshua
Chin Char Juin
Joel Huang Ze En
Siah Cheng Kang, Raphael