2.  Fail to meet the eligibility criteria of commercial
banks
 Unable to provide any collateral security
 Want loan at low interest rates
 Flexible repayment schedule

3.  Mohammed Yunus was
economics professor at the
University of
Chittagong, Bangladesh
 Experimented with a lending
model designed to suit the
needs of the poor rural people
 Started Grameen Bank in 1983
as a retail bank for the poor
 Awarded Nobel Peace Prize in
2006

4.  Provide banking facility to
the poor men and women
 Prevent the poor people from
being exploited by the
moneylenders
 Create employment
opportunities for rural
people
 Empower the women to earn
and manage their own
finances

5.  The lending model designed to suit the needs of poor
women
 Encouraged women to form self-help groups
 Loans at low interest rate and with flexible repayment
schedule
 The Grameen Bank earned profits as an independent
entity

6.  1993: Healthcare services for the poor rural people
 1996: Grameen Shakti to promote renewable energy in
remote villages
 1996: Grameen Kalyan, a health insurance product for
the poor
 1996: Grameen Telecom

7.  Grameen Phone became the leading
telecommunications service in 2006
 8.4 Million members
 95% of Grameen shares are hold by its members
 Nearly all its members are women
 Disbursed $10.2 billion in loans since 1983
 $1.5 billion in savings and $984.34 million in
outstanding loans

8.  2010: Press reports accuse Grameen Bank of financial
impropriety
 2011: Bangladeshi government appointed a five
member committee to investigate the charges
 2011: Bangladeshi government appointed a new
Chairman for Grameen Bank
 2012: Prof. Yunus lost his appeal in High Court
 2012: Prof. Yunus lost his final appeal in Bangladeshi
Supreme Court

9.  Many organizations in developing countries
implemented the lending model.
 Indian companies promote the model as an alternative
to charity India.
 Organizations use latest technology to raise funds.
 Millions of poor people get financial assistance at low
interest rates.