Are there other MFIs in Bangladesh?
There is an increasing number of MFIs operating in Bangladesh. The biggest ones besides Grameen Bank are BRAC, ASA, Proshika and TMSS.
How is GB different from other MFIs?
Grameen Bank is able to take deposits which are sufficient to fund its operations. Most MFIs, however, are not allowed to take deposits because of government restriction and rely therefore on donor funds.
In comparison to many MFIs, Grameen Bank also offers a lower interest rate.
What is an MFI?
MFIs - Microfinance Institutions - provide financial services to the poor. Services can include micro-loans, saving accounts, pension plans, loan insurance, etc. However, only few MFIs are able to offer saving accounts, as this is usually restricted by the government.
