One of many Gols of Grameen Bank, was to help impoverished women escape from the clutches of abject poverty by providing them low-interest, micro-credit loans.When provided with the loans, the women are requested to unitedly take the following sixteen decisions, which many take very seriously and which change their lives.
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Every year GB staff evaluate their work and check whether the socio-economic situation of GB members is improving. GB evaluates poverty level of the borrowers using ten indicators.
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Grameen Bank Credit Delivary means taking credit to the very poor in their villages by means of the essential elements of the Grameen credit delivery system.
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Breaking the vicious cycle of proverty through microcredit |
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The Grameen Bank is based on the voluntary formation of small groups of five people to provide mutual, morally binding group guarantees in lieu of the collateral required by conventional banks. At first only two members of a group are allowed to apply for a loan.
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The Grameen Bank's Method of action can be illustrated as .... |
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