Essays on Grameen Bank

Question 1

Microfinance’s have gained popularity among the many in the low-income category. Microfinance and microcredit facilities targets to provide poor people with small loans. The loan provided attracts low-interest rates and can be paid over a reasonable period without overburdening the poor to eradicating poverty. The services have been popularized by Nongovernmental organizations and social entrepreneurs between 1970s and 1980s. In Bangladesh Grameen Bank was the first to be established in 1976. The microfinance was founded by Mohammad Yunus, who is an economics professor. The professor targeted to eliminate poverty from the local villager hence, the model adopted by ...

Definition of the microcredit

Microcredit is the main tool of the microfinance concept, which is considered to be invented by the Professor Mohammad Yunus, the founder of Grameen Bank in Bangladesh. As it is stated on the Crammen Bank web page, a microcredit is a program of small loans, offered to the poorest people so that they could generate income through self-employment projects (Grameen Bank, 2012). Microcredit can be also defined as a small loan to poorer households or small entrepreneurs, that lack steady employment and a verifiable credit history. In most cases microcredit does not require any collateral, as its target audience ...

Overview of the book

Yunus, Muhammad, and Karl Weber. Building Social Business: The New Kind of Capitalism That Serves Humanity's Most Pressing Needs. New York: Public Affairs, 2010. Print. The book was authored by Muhammad Yunus. Yunus is the founder of the Grameen Bank, which is a microcredit institution. Through his economic policies, Yunus made an immense contribution to the fight against poverty and through his economic paradigm; he manages to espouse an economic model that places humanity at the heart of polling resource together for positive potential. His efforts in the promotion of social business enabled him to win the 2006 Nobel ...

(Instructor Name)

The article on Microfinance as a possible means of alleviating poverty in the developing world is an interesting piece that provides information on how micro-lending initiatives like Grameen Bank are helping the poor improve their domestic economic condition. Grameen Bank’s work over 30 years brought its founder Mohammad Yunus the Nobel Peace prize in 2006 for helping alleviate poverty (38). The author Susanna Khavul provides a lucid outline of microfinancing as it exists. Several micro-financing initiatives around the world have been created by the international banks, institutional investors, and foundations (38) besides individual investors. The micro-lending initiatives which ...

Question 1

Grameen Bank is a microfinance institution that was founded by the father of the microfinance institutions, Muhammad Yunus, with the principle aim to offer small loans to the poor people. Although the loans from the microfinance as little, they are enough to start a viable business especially among women. After the introduction of this institution, the microfinance institutions have spread all in Africa, Asia, United States, Latin America and Eastern Europe. However, these institutions are commonly founded by organization such as World Bank and government. These microfinance institutions lend out money to groups of individuals but not to an individual. ...

Introduction

Complexity and overwhelming nature of issues to be coped with in some countries of the world calls forth the need to add extra dimensions to state’s combating the issues in terms of implementing its functions, and change existing systems and institutions. Social entrepreneurship represents a process by which citizens can either create or transform institutions to advance solutions to such issues, as poverty, illnesses, environment pollution, corruption and human rights abuses (Bornstein&Davis, 2010, pp.1-2). One of world-known contemporary social entrepreneurs is Mohammad Yunus, founder and manager of Grameen bank and 2006 Noble prize winner, who is currently successfully ...

One of the most successful development organizations in the world is the Grameen Bank of Bangladesh. Started by professor Muhammad Yunus, the Grameen Bank is noteworthy for the stark contrast between its operating principles and those of the big, international lending institutions, such as the World Bank and the IMF. The Grameen Bank's success in empowering the poor has made it a model that is being emulated around the world.

History and Purpose

Muhammad Yunus is an academic turned banker in Bangladesh who has turned the most sacred rules of the profession up-side down and made himself a frequently mentioned Nobel Prize candidate in ...

Essay on Evaluating the Two Models for Less Developed Countries

This paper will discuss the two important approaches in improving the level of poverty in less developed countries. Institutions like International Monetary Fund (IMF), The World Bank and Grameen Bank are trying their best to take part in this initiative. The first model is the Top-down which IMF is implementing by means of granting loans to governments to aid programs related to poverty improvement. The other model is called Bottoms-up which Professor Muhammad Yunus is implementing for Grameen Bank. His initiative is similar to what IMF follows but his programs are more focused on the specific area of the ...

Introduction

In last few years, the randomized program evaluation has become the gold basis for evaluating the development programs and also the bread and butter of many development economists. The evaluations sometimes uncover the valuable new information, but are contentious, and can also be prohibitively expensive to implement, for small NGO’s. Appreciating how the microfinance affects clients is not straightforward for the reason that there are several possible explanations for why, say, a borrower is doing well as compared to her non-borrowing peers. The credit may be helping–or conceivably the borrower was already comparatively prosperous and would have fared ...