Grameen Bank crossed the milestone of disbursing 1 hundred thousand crore Taka loan on May 31, 2014. Professor Muhammad initiated the microcredit program by providing 856 Taka loan from his own pocket to 42 poor people of Zobra Village of Chittagong district in the year 1976.Then from 1976 as an action research project under the Economics Department of Chitttagong University, from 1979 as a special project under Bangladesh bank and since October 1983 Grameen Bank has been running its activities as an institution made by a law. At present, Grameen bank is working in all the districts of Bangladesh and having a number of 86,17000 members.
Since inception to August 31, 2014, Grameen bank has disbursed a total loan of 1, 03465 crore taka. This loan has been disbursed to the landless, asset less and poor village people. Analyzing the loan disbursement of Grameen bank of every five years, it is observed that the loan disbursement amount has significantly increased at every five years. For instance, in August 1999, the total loan disbursement since inception was only 11,910 crore taka which reached at 20,796 crore taka in August 2004, an increase of 8,886 crore taka in total. In the next five years in August 2009 the loan disbursement reached at 47,167 crore taka, a total increase of 26,371 crore taka. In the next 5 years on August 2014 the loan disbursement reached at 1,03,465 crore taka , a total increase of 56,298 crore Taka. Continue reading