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GRAMEEN BANK

I strongly believe that we can create a poverty-free world, if we want to.... In that kind of world, the only place you can see poverty is in the museum. When school children will be on a tour of the poverty museum, they will be horrified to see the misery and indignity of human beings. They will blame their forefathers for tolerating this inhuman condition to continue in a massive way.... —Muhammad Yunus, Managing Director, Grameen Bank

By eliminating the need for collateral, Grameen Bank (GB) has overturned conventional banking practise and developed a banking system focused on shared trust, accountability, participation, and creativity. In rural Bangladesh, GB gives loans to the poorest of the poor, without any collateral. At GB, credit is a cost-effective tool to tackle injustice and serves as a catalyst for the overall development of the socio-economic circumstances of the poor who, on the basis that they are poor and thus not bankable, have been kept out of the banking orbit.

"Grameen Bank founder Professor Muhammad Yunus stated that if financial resources can be made available to poor people on terms and conditions that are acceptable and fair, "these millions of small people with their millions of small pursuits can add up to build the greatest wonder of growth."

It has 9.38 million members, 97% of whom are women, as of January 2021. GB provides services in 81,678 villages, with 2,568 branches, representing more than 93 percent of the total villages in Bangladesh.

In several independent studies carried out by external agencies, including the World Bank, the International Food Research Policy Institute (IFPRI) and the Bangladesh Institute of Development Studies(BIDS), Grameen Bank has reported the positive effects on its poor and formerly poor borrowers.

Vision:

Banking for the poor

Mission:

By providing comprehensive financial services, empowering the poor to realize their potential and break out of the vicious cycle of poverty.

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