grameen

The Grameen bank, however, does not ask for guarantees or repayment in land or other property if the borrower is not able to repay the loan.

It said the matter was amicably settled in 1998, with the transfer of the money back to Grameen Bank from Grameen Kalyan.

Before Grameen Bank workers get hired, for example, they spend close to a year demonstrating their interest in serving the poor.

He struck up a relationship with Muhammad Yunus, the founder of Grameen Bank, which provides microfinance, to turn the dream into reality.

In his new book, Mr Yunus describes how Grameen and Danone agreed on a joint venture to sell nutritious food to the poor.

Mr Yunus started the Grameen Bank to offer micro loans to the poor, and the model has been replicated in many countries around the world.

Since Grameen's launch in nineteen seventy-six, the idea of micro-financing for the poor has spread to other countries.

Mister Yunus says he started Grameen because he wanted to see if banking could be done without collateral.

Microfinance encourages the poor to save but, unlike the Grameen Bank, BRAC also lends a lot to small companies.

Grameen Bank has denied any wrongdoing by Mr Yunus or the bank's nine- member board .

By the time I return to London, Yunus will have been sacked as MD at Grameen.

Unlike microcredit institutions elsewhere, this bank does not operate like Bangladesh's Grameen Bank.

Similarly, Grameen-Adidas sells shoes for $1 as a way of preventing all manner of foot disease in Bangladesh.

The Grameen Bank, a microfinance lender and community development bank started in Bangladesh, works to eradicate poverty worldwide.

Grameen has, by its own reckoning, distributed $6 billion in loans, each on average less than $200.

A new system of banking, such as the methodology espoused by Grameen Bank, is very different from that of conventional banking.

But the release of the documentary led to sharp attacks on Mr Yunus and Grameen in Bangladesh.

Grameen-Veolia sells affordable drinking water, and BSF-Grameen sells cheap impregnated mosquito nets to prevent malaria.

In Bangladesh, the Grameen Bank lends small amounts of money, mainly to women.

In late April, Yunus officiated at the opening of the first branch of Grameen America in New York City.

Popularised by Grameen Bank in Bangladesh, this involves making small loans, mainly to the rural poor.

Yunus, who shared in the $1. 4-million prize with the Grameen Bank he founded 30 years ago, pioneered the concept of microcredit.

it has also provided the printers with loans from a Grameen fund.

Grameen restructured in 2001, emphasising savings (deposits now exceed loans) and relying less on joint liability for groups.

In other words, on the Grameen highway, a borrower can routinely upgrade her loan size at each cycle of loan.

This is still very low by most standards and Mr Yunus says that repayment rates at Grameen remain impeccable.

U. S. officials are concerned the developments could undermine the independence of Grameen Bank, which Mr. Yunus founded in 1976.

Grameen Bank has not responded to requests to comment on the situation in India.

Grameen's rates are, in fact, considered low among microlenders, whose administrative costs are far higher than that of traditional banks.

Scotland's largest city is an obvious choice for Grameen.

Grameen had money from the Bill and Melinda Gates Foundation to bring agricultural information to rural farmers.

In the nineteen seventies he started what became the Grameen Bank in Bangladesh.

Given that Yunus understands Grameen's culture better than anyone, he should have a key say in any leadership change.

The story of Grameen Bank illustrates how analysis of unmet needs can lead to a promising new idea.

Grameen Bank proved to the world that entrepreneurship is the solution to poverty.

The official websites of Bangladesh's two big NGOs BRAC and Grameen have still yet to incorporate web 2. 0 applications on a visible scale.

Grameen boasts an audited repayment rate of 98 percent, far higher than the industry standard for loans to those who have collateral.

It remains unclear how far the government, which already has three seats on Grameen Bank's board, intends to go.

Some reckon Sheikh Hasina is miffed that Mr Yunus and Grameen got the Nobel prize.

Grameen said that he was "continuing in his office" .

On December 24th the government announced that it was planning a "high-level investigation" into Grameen's operations.

Since opening its first American branch in January 2008, Grameen has found fertile ground.

SHIRLEY GRIFFITH: Grameen's micro-financing has expanded the idea of entrepreneurship to many people.

He formed the Grameen Bank in nineteen eighty-three.

Those educated girls went to work for poverty-fighting organizations like BRAC and the Grameen Bank.

This is why Grameen Bank, among other poverty-fighting institutions, has chosen to focus its efforts on women.

STEVE EMBER: Now, large lenders like the World Bank are supporting the ideas of the Grameen Bank in discussions with developing countries.

It remains unclear how far the government, which already has three seats on Grameen Bank's board, will go.

In 1976, Muhammad Yunus set up Grameen Bank in Bangladesh, based on a simple idea: microcredit.

Unlike Grameen, which is financially self-sufficient, the state banks are perpetually in need of cash infusions from the government.

It uses a similar group-lending model to Grameen's.

Grameen has nearly 3, 000 borrowers in Jacksonville and Brooklyn.

Grameen has become a sizeable institution, with 6. 7m customers, most of them women and all of them poor.

The government's current shareholding is 3. 5%, Grameen Bank says.

But that's why I noticed Grameen Bank, which is a bank for poor people, and had 1, 100 branches, 12, 000 employees, 2. 3 million borrowers.

Both Mr Yunus and Grameen's non-government-appointed directors have challenged the decision;

Development Report: Grameen Bank Proves Poor People Are Worthy of Loans

Donors (Norad et al) gave a large cash grant to Grameen Bank (GB)

The Realization of Grameen Bank Model in China