Grameen Bank


Also found in: Financial, Wikipedia.

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
..... Click the link for more information.
.
References in periodicals archive ?
The micro finance model pioneered by Grameen Bank has been a huge success in Bangladesh and several countries where the model has been adopted.
As of 2011, Grameen Bank provides services in nearly all villages in Bangladesh.
Yunus was awarded the Nobel Peace Prize in 2006 for setting up the Grameen Bank that offers 'microcredit' loans to the poor without requiring collateral.
It was in 2006 that the Norwegian Nobel Committee jointly awarded Yunus and Grameen Bank the award "for their efforts to create economic and social development from below".
The Grameen Bank concept of microcredit has been replicated in more than 60 countries around the world.
Muhammad Yunus was awarded the 2006 Nobel Peace Prize along with Grameen Bank for their efforts to create economic and social development.
Historically Grameen Bank has been 97 per cent owned by its customers, women from Bangladesh's poorest regions.
The United States is deeply concerned about recent actions the Government of Bangladesh has taken to give the government-appointed chairman of the Grameen Bank Board control over the selection of the bank's new managing director", said acting deputy State Department spokesperson Patrick Ventrell in a statement.
Grameen Bank is also known as the poor people's bank.
Professor Muhammad Yunus, founder of Grameen Bank and Nobel Peace prize winner (2006) signed the MoU with Tricoire in Rio de Janeiro, Brazil.
Dhaka, May 16 (Xinhua-ANI): The Bangladeshi government Wednesday formed a commission to determine a better fate of Grameen Bank after Mohammad Yunus was removed from the post of managing director of the organization last year.
She met World Social Economic Summit president, founder of Bangladeshi Grameen Bank and Nobel Peace Prize winner Professor Mohammed Yunus, in the presence of Family Bank chief executive officer Dr Atef Al Shabrawi and discussed co-operation between the Family Bank and the Grameen Bank.