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Bangladesh has a population of the about 15 core on the small area of land
which is only 143570 square kilometers. Out of the total population about 50%
are women. At present it is very difficult to think a suitable NGO without proper
Micro Credit Programs and management. Grameen Bank is an NGO, which has a
proper Micro Credit program and Management for its poor and landless men &
women member's welfare as well as for their social and financial development.
The members have become wage earners of their families by using this Micro
credit.
Advantages
The impact of Grameen Bank micro credit program for the socio-economic
development of Bangladesh is found in attitude for giving the financing
opportunities in rural areas, to create job opportunities, to establish the
poorest people etc
The strategic management policies followed by Grameen Bank were highly
effective as more emphasis was given on beneficiaries’ interest in the form of
simple rate of interest, increasing number of installment, close supervision of
the management people, group development spirit and application of
management by exception principle.
The opportunity enjoyed by Grameen Bank is the co-operation of the borrower,
belief and confidence towards Grameen Bank activities, popular image in micro
credit market, and absence of profit motive and adoption of the principle of
socio-economic benefits