Grameen Bank

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Grameen Bank:

see Yunus, MuhammadYunus, Muhammad,
1940–, Bangladeshi economist and banker, b. Chittagong (then in British India), grad. Vanderbilt Univ., Nashville, Tenn. (Ph.D. 1971). Yunus, who taught economics in the United States after receiving his doctorate, returned to his homeland when it won its
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References in periodicals archive ?
The technology center is an arm of the Grameen Foundation, an organisation founded to offer microfinance and technology to poor people around the world.
Unfortunately the government of Bangladesh's central bank, Bangladesh Bank - which regulates Grameen Bank - has instructed the board of Grameen to immediately remove founder Muhammad Yunus as Grameen's managing director.
The termination was allegedly due to improper oversight and governance, including an alleged $100 million donation by the Norwegian government for housing loans to another nonprofit affiliate of Grameen, among other factors, The Times reported.
Head Judge Luke Tipping said: "With Birmingham's rich balti heritage it was no surprise that Grameen Khana's curry was judged Birmingham's best: they produce a very authentic balti, with a great complexity of flavours - I can tell a lot of thought goes into it.
Additionally, it received 4 out of 4 stars for the comprehensive implementation, training and support provided by Grameen Foundation and its specialists in the various regions.
In talking about Grameen Bank, Yunus said the bank had reversed conventional banking practice by removing the need for collateral and created a banking system based on mutual trust, accountability, participation and creativity.
Microcredit has far-reaching effects, and its implications are endless: during my experience with Grameen, it became evident that microcredit could act as a gateway to other basic rights such as nutrition, healthcare, and education.
Grameen Bank was born as a tiny homegrown project run with the help of several of my students, all local girls and boys.
Fernando brings to Grameen Foundation a strong passion for our work to increase opportunities for the rural poor, especially farming families.
According to Temenos, it has deployed Temenos T24 for Grameen Koota Financial Services Private Limited, which it said would help in gaining higher levels of automation and flexibility to reach a superior customer base.
This summer the interior was revamped and the restaurant reopened as Grameen Lounge.
Global Banking News-September 24, 2013--Bangladesh government to bring Grameen Bank under its jurisdiction(C)2013 ENPublishing - http://www.