| Report on Grameen Banks' Interest Rate by MicroFinance Transparency |
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In December 2010, Grameen Bank invited MicroFinance Transparency to certify their prices. MFTransparency followed its detailed procedures for certifying their prices and the report has just been published on their website .
The report shows prices for Grameen Bank's four loan products. Their main loan product, the general loan, has an APR of 20.0%. The other three loan products are priced at 8% and below.
The report can be downloaded here . |
