2. Outline
1. Introduction to Mr Muhammad Yunus
1. Introduction to the Social Entrepreneur(s)
1. History and Impact of the Grameen Bank
1. Credits, Team Members
3. Earned a doctorate in economics from Vanderbilt University
Inspired by the Bangladesh famine to make a loan to a group of people so they
could make items for a living.
Introduction to Muhammad Yunus
Born in 28 June 1940
3rd of 9 children in a Bengali Muslim family
In 1944 he moved to Chittagong and
entered Chittagong collegiate school.
Worked as a research assistant in
economics for a while.
4. History of the Grameen Bank - Background
1976
1983
2006
2015
Muhammad Yunus, a professor at university of Chittagong, founded
Grameen Bank which aimed to provide banking services to rural areas.
Grameen Bank was approved.
The nobel peace prize was bestowed upon both the bank and founder
“Has 8.81 million borrowers and covers more than 97 percent of the total
villages in Bangladesh”
5. History of the Grameen Bank - Goal & Rationale
Grameen Bank’s main purpose is to combat POVERTY
in the hopes of eradicating it
The founder, Muhammad Yunus has witnessed moneylenders impose unfair
interest rates on the poor people causing their business to stagnate and prevent
them from making money. Hence, Grameen Bank seeks to:
Lend money to the poor under fair conditions
In the hopes that they would make good use of
the money to advance their economic
interest
And eventually contribute back to the country’s
6. Impact of Grameen Bank
Grameen Bank extends its services under the concept of microcredit which
allows the bank to lend small amounts of money to those who:
1. Are Poor
2. Lack a stable job
3. Do not have anything as guarantee that they will pay back the loan
4. Lack a record stating their loan historyThus, this allows many to use the new
gained money to start business such as
bamboo work, embroidery, mat making, etc
7. Impact of the Grameen Bank
"Struggling members program":
It’s Target? Beggars.
Helps them to borrow at interest free with long repayment period and free of cost
life insurance, easing their difficulties.
"Factory loans":
It’s Target? Borrowers who worked from home.
Allowing their homes to be a factory, thus allowing them to earn more income.
“Village phone program”:
It’s Target? Women Entrepreneur.
It allows them to set up businesses that provide wireless communication services.
At the same time, those in the village can benefit from the information gained
from the new form of communication.
8. Credits, Team Members
- http://www.relatably.com/q/muhammad-yunus-quotes
- http://www.grameenfoundation.org/blog/summary-recent-issues-surrounding-
grameen-bank-and-prof-yunus#.V68N7Pl97X4
- http://www.grameen.com/index.php?option=com_content&task=view&id=16&It
emid=112
- https://www.wikiwand.com/en/Grameen_Bank
- http://www.grameen.com/index.php?option=com_zoom&Itemid=103
- https://www.wikiwand.com/en/Microcredit
