Grameen Bank is a microfinance institution and social development bank in Bangladesh. Its founder is Dr. Muhammad Yunus. Grameen Bank was established in 1986. In 1973 it started its journey as a legitimate and independent bank. Grameen Bank provides micro-credit to landless and poor women by forming small groups of five and creating employment for them. Grameen Bank's loan repayment rate is 98%.
Grameen Bank
Type:- Body Corporate (Bank Law) [1]
Art:-Financial institutions
Founding period:- October 2, 1973
Founder:-Muhammad Yunus
Headquarters:- Dhaka, Bangladesh
Number of locations:-2,57 (July 2017) [2]
Trade zone:- Bangladesh
The main person:-Abul Khair Md. Monirul Haque, Acting Managing Director
Products:-Microfinance
Income:-Increase 12,435,830,045 Taka (176.67 million USD) (2017) [3]
Sales income:- Increase to 8,513,832,110 Taka (120.95 million USD) (2010) [4]
Net income:-Increase 757,241,322 Taka (10.76 million USD) (2017) [4]
Total assets:-125,396,957,972 Taka (2010) [5]
Staff:-2013 (September '2018) [2]
Website:-grameen.com
Grameen Bank building
Achievements and award editing
Professor Yunus at his office in Dhaka, 2014
Grameen Bank and Muhammad Yunus jointly won the Nobel Peace Prize in 2008 for their contribution to poverty alleviation.
Aga Khan Architecture Award: 1989 (Switzerland)
Kazi Mahbubullah Award: 1992 (Bangladesh)
Raja Bondwa International Development Award: 1993 (Belgium)
Tun Abdul Razak Award: 1994 (Malaysia)
Independence Day Award: 1994 (Bangladesh)
World Settlement Award: 1997 (United Kingdom)
Gandhi Peace Prize: 2000 (India)
Petersburg Awards: 2004 (United States)
Nobel Peace Prize: 2006 (Norway)
MCCI Dhaka Centenary Medal Award: 2014 (Bangladesh)
International Finance Magazine's "Best Corporate Social Responsible Bank Award: 2014 (UK)
ICMA B's Best Corporate Award: 2014 (Bangladesh)
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