Scribd Logo
Upload

Welcome to Scribd!

  • Grameen Bank: Binni Kain-399 Renu Mahor-4 1 3

    Uploaded by

    Mayank kumar
    7 views7 pages
    Grameen Bank was established in 1983 in Bangladesh by Muhammad Yunus to provide small, collateral-free loans known as microcredit to the poor, especially women. Its objectives were to extend banking services to the poor to eliminate money lenders and create self-employment opportunities. It started as a pilot project in 1976 and was transformed into an independent bank by the government in 1983, designing a credit system that organized the rural poor into groups and provided financial services and loans to support women's small business initiatives.

    Original Description:

    Grameen bank

    Original Title

    Grameen Bank - Copy

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Grameen Bank was established in 1983 in Bangladesh by Muhammad Yunus to provide small, collateral-free loans known as microcredit to the poor, especially women. Its objectives were to extend banking services to the poor to eliminate money lenders and create self-employment opportunities. It started as a pilot project in 1976 and was transformed into an independent bank by the government in 1983, designing a credit system that organized the rural poor into groups and provided financial services and loans to support women's small business initiatives.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views7 pages

    Grameen Bank: Binni Kain-399 Renu Mahor-4 1 3

    Uploaded by

    Mayank kumar
    Grameen Bank was established in 1983 in Bangladesh by Muhammad Yunus to provide small, collateral-free loans known as microcredit to the poor, especially women. Its objectives were to extend banking services to the poor to eliminate money lenders and create self-employment opportunities. It started as a pilot project in 1976 and was transformed into an independent bank by the government in 1983, designing a credit system that organized the rural poor into groups and provided financial services and loans to support women's small business initiatives.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    GRAMEEN

    BA N K
    BINNI KAIN- 399
    RENU MAHOR-
    413
    INTRODUCTION:

    Micro Finance Organization


    Community Development Bank
    Established by Muhammad Yunus in Bangladesh in October 1983
    Gram which means rural or village
    Provide small loans ( known as Microcredit or Grameen Credit)
    Majority(98%) of its borrowers are women
    OBJECTIVE:
    Extend banking facilities to poor
    Eliminate the exploitation of the poor by money lenders
    Create opportunities for self-employment
    Bring the disadvantaged, mostly the women from the poorest
    Households, within the fold of an organizational format
    Reverse the age-old vicious circle of "low income, low saving & low investment into virtuous
    circle of "low income, injection of credit, investment, more income, more savings, more
    investment, more income
    OPPORTUNITIES:
    Designing credit delivery system to provide Banking Services targeted at the rural poor who
    were capable of self sustenance (initially started with funding women initiatives)
    Organizing the un-organized sector largely dominated by the corrupt money lenders
    Bring the disadvantaged, mostly the women from the poorest into the financial umbrella
    Year 1976-79: Started with a pilot project in District Jobara, Bangladesh
    He made his first loan of $27 to 42 women so that they could expand their bamboo business
    Year 1980-83: Spread across the country with the help of Central Bank and the Nationalized
    Banks
    Year 1983: Transformed into an Independent Bank by the Government Legislation
    MICROCREDIT:

    Program that extend small loans


    Offers wider range of financial services to poor
    Provide credit for Self-employment
    FEATURES OF MICROCREDIT:

    Owned by poor
    Offer mall loans for creating self-employment
    Not based on any collateral or legally enforceable contracts
    Access to repeat and larger loans
    Intensive supervision and close monitoring
    Loan period generally for one year, may go up to 3 years
    Options available for weekly/monthly installment
    combine social development with financial intermediation
    Promotes credit as a human right
    Beggars as member

    You might also like