Micro Finance: A Case of Grameen Bank, Bangladesh
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Code : SEP0003
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Region : Bangladesh
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Abstract: Grameen Bank was a task oriented credit institution created specially for the purpose of improving the economic status of rural landless people, especially women, in Bangladesh. It was initially started as an action research project in 1976. As a pioneer in the emerging field of micro finance, Grameen Bank was successful in meeting the financial needs of Bangladesh's poor. Unlike many other development projects, it was successful in reducing the miseries that people suffered due to floods, cyclones and corruption. With the high loan recovery rates, it threw a challenge to conventional (commercial) banks, which feared that lending to the poor was a risky business. |
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Pedagogical Objectives:
Keywords :Micro finance, Grameen Bank of Bangladesh, Dr Mohammad Yunus, Micro credit programmes, Micro enterprise loans, Conventional versus Grameen Banks, Collateral free, Developing nations, Bangladesh's economy, Group fund savings, Investment & Banking Case Study, Low income groups, Low interest rates, Financial viability, Non standard accounting practices, Emergency fund
Contents :
» GRAMEEN BANK – CREDIT DELIVERY SYSTEM
» THE ROAD AHEAD
