Introduction: 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. Grameen Bank provides credit to the poorest of the poor in rural Bangladesh‚ without any collateral. At Grameen Bank‚ credit is a cost effective weapon to fight poverty and it serves as a catalyst in the overall development of socio-economic conditions of the poor who have been kept outside
Premium Muhammad Yunus Grameen Bank Microfinance
The phenomenon of Bangladesh Grameen Bank Bangladesh Grameen Bank (Grameen) is an important phenomenon of modern times. The brainchild of Dr. Mohammed Yunus‚ a US educated professor who came to teach at Bangladesh’s University of Chittagong‚ Grameen is the pioneer of Microfinance. Microfinance‚ a lending practice for the poorest of the poor‚ which was conceptualised by Dr. Yunus in the course of his field work with his students in Bangladesh‚ has now spread across the world (Holcombe‚ 1995‚ p 4
Premium Bangladesh Microfinance Muhammad Yunus
Economics Program at the University of Chittagong‚ observed that banks did not extend their credit schemes to the rural poor as they were not considered creditworthy. In this situation‚ the rural poor were forced to approach moneylenders who charged exorbitant rates of interest. In 1976‚ Yunus launched The Grameen Bank Project‚ on an experimental basis to study the framework of banking services for the rural poor. The objectives of the Grameen Bank Project were: •Providing banking services to the rural
Premium Microfinance Bank Muhammad Yunus
Grameen Bank | | |[pic] | |Type |Body Corporate (Bank Ordinance) | |Industry |Finance | |Founded |1983 | |Headquarters |Dhaka‚ Bangladesh
Premium Grameen Bank Muhammad Yunus Microfinance
Grameen Bank: Taking Capitalism to the Poor Evaristus Mainsah* MBA ’04 Schuyler R. Heuer MBA ’04 Aprajita Kalra MBA/MIA ’04 Columbia Business School Columbia University School of International and Public Affairs Qiulin Zhang MPA ’04 Columbia University School of International and Public Affairs This paper was written as part of the course Emerging Financial Markets taught by David O. Beim‚ professor of professional practice‚ at Columbia Business School in fall 2003. The authors are
Premium Muhammad Yunus Microfinance Poverty
problem of the absence of credit history and information of their borrower. The lender faces a problem due to its inability to verify either the borrower’s characteristics (e.g. nature of the project‚ risk involved‚ etc.)‚ or to verify the borrower’s effort to realize profits. This leads to the problem of adverse selection where the lender is left with very little information about the quality of the borrower (whether a good/safe‚ or a bad/risky borrower.) As a result‚ the bank cannot charge a higher
Premium Debt Interest Loan
experience by engaging one self in different and distinct sectors of work. That is why the internship program is also included in the curriculum of MBA in University of Rajshahi‚ which is undertaken in different organization of the country. I have also completed my internship program at the Agrani Bank Limited‚ Rajshahi University Branch‚ Rajshahi. I have met the Manager/ Senior Principle Officer and give my identity and the letter of the chairman of our department. He permitted my like begins. He introduced
Premium Deposit account Bank Cheque
CHAPTER-ONE Rajshahi Krishi Unnayan Bank (RAKUB) 1.1 Introduction: Bangladesh economy is predominately an agrarian one and dependent on agriculture is considered to be the mainstay of economic life of the people. 85% people of our country are depending upon agriculture directly and indirectly. Major portion of National Income comes from agriculture and development of this country depends upon the development of agriculture. But the financial conditions of the farmer of our country are
Premium Cheque Deposit account Bank
INTERNSHIP REPORT On “Deposit Mobilization of Sonali Bank Limited‚ Corporate Branch‚ Rajshahi” This internship report on Sonli Bank Limited is submitted as a Partial Fulfillment of the requirement for the BBA Program. Report prepared Under the Supervision of Muha. Manzur Murshedul Abedin‚ Professor Department of Accounting & Information Systems University of Rajshahi. Report Prepared By Atia Ahmed Roll: 08247065 Registration:
Premium Deposit account Bank Cheque
2. The biggest strength of Grameen Bank lies in bringing financial services to poor people and making it financial sustainable by the economies of scale effect. Some of the other advantages are that the bank offers tailor-made services to the poor people. Also‚ the costumers are called members so they have the feelings of “belongingness”. Moreover‚ Grameen Bank focuses on area which is largely untapped and has huge potential. 3. Grameen banks not only provides credit to its borrowers but also helps
Premium Microfinance Bank Debt