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Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance, specialized community development bank founded in Bangladesh. [5] [6] It provides small loans (known as microcredit or "grameencredit") [7] to the impoverished without requiring collateral.
Non-profit, self-sufficient microfinance institution: Purpose: ASA programs focused on awareness-raising and group formation for the poor aiming at integrated development through asserting rights of the poor, education, mini-irrigation, primary health, credit for income generation, etc. Headquarters: Dhaka, Bangladesh
Microcredit Regulatory Authority (MRA) is the central body to monitor and supervise microfinance operations of non-governmental organizations of the Republic of Bangladesh. It was created by the Government of People's Republic of Bangladesh under the Microcredit Regulatory Authority Act (Act no. 32 of 2006).
Banker to the Poor: Micro-Lending and the Battle Against World Poverty is an autobiography of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus.The book describes Yunus' early life, moving into his college years, and into his years as a professor at Chittagong University.
Grameen Bank founder Muhammad Yunus will lead an interim government in Bangladesh after protests ousted Prime Minister Sheikh Hasina.
It spans all districts of Bangladesh. [29] [30] It provides collateral-free loans to mostly poor, landless, rural women, enabling them to generate income and improve their standards of living. [29] [30] BRAC's microfinance program is estimated to give out around the equivalent of one billion dollars a year in loans. [31]