When was grameen bank founded

Grameen Bank works to raise the status of poor women in their families by giving them ownership of assets. Due to its success in Bangladesh, the Grameen Bank has been replicated worldwide. The Grameen Foundation was founded in , and works with 58 microfinance institutions, and has touched more than 45 million people in 23 countries.

Muhammad Yunus and the Grameen Bank were awarded the Nobel Peace Prize in for their work in poverty reduction in rural Bangladesh. The bank gets its funding from different sources, and the main contributors have shifted over time. In the initial years, donor agencies used to provide the bulk of capital at very cheap rates. In the mids, the bank started to get most of its funding from the central bank of Bangladesh.

More recently, Grameen has started bond sales as a source of finance. The bonds are implicitly subsidised as they are guaranteed by the Government of Bangladesh and still they are sold above the bank rate. Home About. Another Kind of School. Back Requirements to join Course fees and scholarships Request more information Team calendar with starting dates.

Inside CICD. Back Contact us! He was the third of 14 children, of whom five died in infancy. His father was a successful goldsmith who always encouraged his sons to seek higher education. But his biggest influence was his mother, Sufia Khatun, who always helped any poor person or relative who knocked on their door. This inspired him to commit himself to eradication of poverty.