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Grameen Bank: A Path to Poverty Alleviation by naumanayubi is a document available to read on EtoBox.
Muhammad Yunus founded the Grameen Bank to provide small loans to poor people in Bangladesh after observing their struggles firsthand. He realized that poor borrowers were trapped in cycles of poverty due to exorbitant interest rates charged by money lenders. Yunus piloted microloans to 42 women and saw success, leading him to establish Grameen Bank in 1983. The bank focuses on providing financial services to female borrowers and owns 97% of its shares. It has grown tremendously over the years against early
- Author
- naumanayubi
- Language
- EN