Micro Finance: A Case of Grameen Bank, Bangladesh
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Code : SEP0003
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Region : Bangladesh
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Introduction: Ever since Henry Kissinger, the former US secretary of state, dismissed Bangladesh as a ‘basket’ case, the world community had virtually written off the country. Trapped in the familiar third world problems of endemic corruption, deepening poverty and exploding population, the country grewpoorer with each passing year. Billions of dollars that pumped in as aid use to vanish into thin air. Thiswas partly due to Bangladesh’s unofficial reputation as one of the most corrupt countries. There was hardly any development project, which proved to be a success. However, there were some exceptions. Dr. Mohammad Yunus, a professor in the Department of Economics at Chittagong University, had transformed the lives ofmillions of impoverished people through the Grameen Bank... |
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