Micro Financing implementation and Expansion Strategies of Grameen Bank in Bangladesh

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Professor Dr. Kazi Abdur Rouf
Professor Dr. Kazi Abdur Rouf
α Nobel International University

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Micro Financing implementation and Expansion Strategies of Grameen Bank in Bangladesh

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Abstract

Grameen Bank (GB) is a micro lending organization in Bangladesh that was initiated by Professor Muhammed Yunus as a pilot project in Jobra village in 1976. It provides small loans to rural poor women, without collateral, following group lending peer support methodologies. It disburses $16.7 billion to 8.67 million borrowers through 2247 branches across Bangladesh. The loan repayment rate is 97%. It is a self-sufficient financial institution. GB’s unique program implementation steps make it successful in achieving its goals of creating self-employment and creates choice among rural poor women; thereby increasing their income, empowering them, and promoting environmentalism in rural Bangladesh.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Professor Dr. Kazi Abdur Rouf. 2015. \u201cMicro Financing implementation and Expansion Strategies of Grameen Bank in Bangladesh\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 15 (GJMBR Volume 15 Issue C10): .

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification
GJMBR-C Classification: JEL Code: G21
Version of record

v1.2

Issue date

November 28, 2015

Language
en
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Grameen Bank (GB) is a micro lending organization in Bangladesh that was initiated by Professor Muhammed Yunus as a pilot project in Jobra village in 1976. It provides small loans to rural poor women, without collateral, following group lending peer support methodologies. It disburses $16.7 billion to 8.67 million borrowers through 2247 branches across Bangladesh. The loan repayment rate is 97%. It is a self-sufficient financial institution. GB’s unique program implementation steps make it successful in achieving its goals of creating self-employment and creates choice among rural poor women; thereby increasing their income, empowering them, and promoting environmentalism in rural Bangladesh.

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Micro Financing implementation and Expansion Strategies of Grameen Bank in Bangladesh

Professor Dr. Kazi Abdur Rouf
Professor Dr. Kazi Abdur Rouf Nobel International University

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