Entrepreneurial power and Socio-Economic policies shown by Mr. Yunus. His step to change the cycle of poverty is extremely successful. A micro-created system changed the way lending for poor.
2. Grameen Bank Provides Micro Loans and
Banking Services to the POOR
Industry Financial services
Founded 1983
Founder Muhammad Yunus
Headquarters Dhaka, Bangladesh
Number of locations 2,565 (July 2010)
Area served Bangladesh
Key people Mohammad Shahjahan, Acting Managing
Director (CEO)
Products Microfinance
Number of
employees
22,149 (July 2011)
Website grameen.com
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6. Grameen Bank Lending Model
• Group: 5 Members (Self-formed and group approved all loans request)
• Center: 4 to 8 Groups
• Center Meeting: Weekly
• Center Manager: Grameen Bank Employee
• Center Chief: A member (Female)
• Loan Request & Saving Deposit: At Centre
• Loan Distribution: At Bank Branch
• If one member default, then no more loan to group
• Group members collectively responsible for loan
• Training Program also available
No Legal Instruments and No Collateral
7. Grameen Bank Philosophy
• Breaking the vicious cycle of poverty through microcredit
• Method of Action
• http://www.grameen.com/method-of-action/
• 16 Decisions
• 10 Indicators
• http://www.grameen.com/10-indicators/
http://www.grameen.com/16-decisions/