Examining the Success of Microcredit in Bangladesh Microcredit‚ which provides small loans to those in poverty‚ has rapidly increased in third world countries‚ such as Bangladesh‚ over recent decades. Muhammad Yunus‚ who started a lending organization called the Grameen Bank‚ developed this program in the 1970s. There has been a great amount of success in reaching millions of borrowers‚ most of whom are women. The loans are often provided to pay for start-up costs of small businesses‚ and
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Chapter 1: Introduction 1 Origin of the report This report is a requirement of the Internship program of BBA curriculum at the Khulna University This report is made under the supervision of Feroz Ahmed‚ Dean‚ Management and Business Administration School‚ Khulna University. The primary goal of the internship is to provide a realistic exposure to job and organizational conditions. It is called an “earn while you learn’ program of training which prepares students for corporate life
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Khadija Prophet Muhammad Wife (Peace be upon them) In my religion Islam‚ many women played important roles for the rising of the religion. Among all of those women the most important and greatest woman is Khadija (peace be upon her) the prophet Mohammed (PBUH) first wife. Khadija had a great impact in the religion and a great impact on the prophet Mohammed life. It is because of her support that the prophet Mohammed was able to face all the difficulties he had at the beginning of
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FOREWORD God sent his messengers for guidance‚ and to create love and brotherhood among the people but unfortunately the history of religion is full of bigotry and hatred. The messengers were always the victims of violence. From Adam to this time‚ all the prophets without any exception‚ passed through the same channel of hatred and persecution. How nicely the Holy Quran has described this fact in the following verse: Alas for my servants! There comes not a Messenger to them but they mock at him
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Grameen Bank? Microfinance can be defined as small loans for low-income earners in order to encourage them to be independent financially (Schreiner‚ 2003:357). The idea of microfinance originated from the Grameen Bank which was established by Muhammad Yunus in Bangladesh. “Grameen” means village in Beng language (Schicks‚ 2007). Usually‚ commercial banks require physical collateral for loans‚ such as houses or land‚ in order to avoid the risk of repayment. Since the poor do not possess these assets
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|Headquarters |Dhaka‚ Bangladesh | |Area served |Bangladesh | |Key people |Muhammad Yunus‚ founder | | |Mohammad Shahjahan‚ Acting Managing Director (CEO) | |Products |Financial services
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Bangladeshi Takka Non-Governmental Organizations 3 1. INTRODUCTION The concept of micro finance was first introduced in Bangladesh by Nobel Peace Prize Winner Muhammed Yunus. Professor Yunus started Grameen Bank or Village Bank more than 30 years ago with the aim of reducing poverty by providing small loans to the country’s rural poor. (Yunus 1999) Micro finance has evolved over the years and does not only provide credit to the poor but also now widen services including savings insurance remittances or
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Muhammad Ali is one of the most famous boxers of all time. His conversion to Islam and draft evasion conviction surrounded him with controversy and even exile from boxing for three years. Despite the hiatus‚ his quick reflexes and strong punches helped Muhammad Ali become the first person in history to win the heavyweight champion title three times. At the lighting ceremony at the 1996 Olympics‚ Muhammad Ali showed the world his strength and determination in dealing with the debilitating effects
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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 to 13). The poor
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Singer Argument Essay The average American is richer than more than 90 percent of the world’s population. Shocking‚ isn’t it? Because of this‚ wouldn’t the right thing to do be sharing our prosperity with our brethren? Peter Singer‚ a professor of bioethics‚ calls attention to the need of food and medicine in many parts of the world in his article “The Singer Solution to World Poverty”. He claims the formula to ending poverty is simple; “whatever money you’re spending on luxuries‚ not necessities
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