Micro Financing implementation and Expansion Strategies of Grameen Bank in Bangladesh

Professor Dr. Kazi Abdur Rouf

Authors

Professor Dr. Kazi Abdur Rouf

Keywords:

Empowerment, human capital, NGOs, self-employment, social capital, and sustainnable development

Abstract

Grameen Bank (GB) is a micro lending organization in Bangladesh that was initiated by Professor Muhammed Yunus as a pilot project in Jobra village in 1976. It provides small loans to rural poor women, without collateral, following group lending peer support methodologies. It disburses $16.7 billion to 8.67 million borrowers through 2247 branches across Bangladesh. The loan repayment rate is 97%. It is a self-sufficient financial institution. GB's unique program implementation steps make it successful in achieving its goals of creating self-employment and creates choice among rural poor women; thereby increasing their income, empowering them, and promoting environmentalism in rural Bangladesh.

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How to Cite

Micro Financing implementation and Expansion Strategies of Grameen Bank in Bangladesh. (2015). Global Journal of Management and Business Research, 15(C10), 1-6. https://journalofbusiness.org/index.php/GJMBR/article/view/1811

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