Grameen Bank

Grameen Bank, founded by Nobel laureate Muhammad Yunus, is a pioneering institution in the realm of microfinance. Established in 1983 against conventional banking wisdom, Grameen, meaning 'village bank,' operates on principles of trust and solidarity. In Bangladesh, it boasts an extensive network of 2,564 branches, employing 19,800 staff members to serve an impressive 8.29 million borrowers across 81,367 villages. Contrary to traditional banking models, Grameen primarily focuses on... Read More

Grameen Bank, founded by Nobel laureate Muhammad Yunus, is a pioneering institution in the realm of microfinance. Established in 1983 against conventional banking wisdom, Grameen, meaning 'village bank,' operates on principles of trust and solidarity. In Bangladesh, it boasts an extensive network of 2,564 branches, employing 19,800 staff members to serve an impressive 8.29 million borrowers across 81,367 villages. Contrary to traditional banking models, Grameen primarily focuses on empowering women, with 97% of its borrowers being female. Remarkably, the bank maintains a recovery rate exceeding 97%, surpassing conventional banking systems.On a daily basis, Grameen collects an average of $1.5 million in weekly installments, reflecting the success of its micro-lending model. Beyond its borders, Grameen's innovative methods have been applied in 58 countries, showcasing its global impact. Notably, it has branches in various nations, including the US, Canada, France, The Netherlands, and Norway. Situated in Khulna City, Bangladesh, on the Outer Bypass Road in the Mujgunni Residential Area, Grameen Bank continues to be a beacon of financial inclusion, challenging and reshaping traditional banking norms.

Grameen Bank, founded by Nobel laureate Muhammad Yunus, is a pioneering institution in the realm of microfinance. Established in 1983 against conventional banking wisdom, Grameen, meaning 'village bank,' operates on principles of trust and solidarity. In Bangladesh, it boasts an extensive network of 2,564 branches, employing 19,800 staff members to serve an impressive 8.29 million borrowers across 81,367 villages. Contrary to traditional banking models, Grameen primarily focuses on... Read More