Grameen Bank

Grameen Bank

Grameen Bank for to a rural-development !!

This bank was founded by Muhammad Yunus in Bangladesh, 1983.
He is a professor and a dean of the department of economics in Chittagong-University.
This bank makes small-loans known as microcredit<20%> to the impoverished without requiring collateral.
They has been granting a loan with unsecured-loan under the joint-liability on a guarantee system.
Its loan-money increase to each mutual-aid-group step by step.
This bank has 2,226 branches in the whole of Bangladesh.
And, has been running a service at 72,096 villages<86% in all villages> in Bangladesh.
6,670,000-deptors have been making of use this loan-service.
Its 97% of 6,670,000deptors are women.
Since this service started, its repayment-rate is 98.9%. And, its all-profit was used as the fund of natural-disaster.
The founder, Muhammad Yunus, and the Grameen-Bank win the Nobel-Peace-Prize in 2006.

http://www.grameen-info.org/
http://www.grameen-info.org/bank/the16.html