Abstract:
The study demonstrates the objective of report which is to illustrate about the role of micro-
credit on the poor people. This study intends to find out what is the role of micro-credit facilities
of Grameen bank in reducing poverty and women empowerment in khatigram branch, Grameen
bank branch to collect required data both primary and secondary sources were used. A poverty
alleviation index was built by using questionnaire. The researcher divided the sample into two
categories, Grameen bank members present position and previous position. An independent
sample. Based on the findings the researcher provided some recommendations. The Grameen
bank should decrease its interest rate to make it more feasible for poor participate in Grameen
bank micro-credit program. The study concluded that micro-credit has positive impact on poor
people. Grameen banks micro-credit is helping poor people to get rid of financial misery and
poverty.
Description:
Grameen Bank is a microfinance organization and community development bank founded in
Bangladesh. It makes small loans to the impoverished without requiring collateral. Grameen
Bank originated in 1976, in the work of Professor Muhammad Yunus at University of
Chittagong, who launched a research project to study how to design a credit delivery system
to provide banking services to the rural poor people. In October 1983 the Grameen Bank was
authorized by national legislation to operate as an independent bank. In 1998 the Bank's "Low-
cost Housing Program" won a World Habitat Award. In 2006, the bank and its founder,
Muhammad Yunus, were jointly awarded the Nobel Peace Prize (“The Nobel Peace Prize for
2006", 13 October, 2006).
“In 2019, the Bank have about 2,568 branches and over nine million borrowers, with a
repayment rate of 99.6%. 97% of the borrowers were women. The Bank has been active in
97% of the villages of Bangladesh” (Grameen Bank monthly update: September, 2019). Its
success has inspired similar projects in more than 40 countries around the world, including a
World Bank initiative to finance Grameen-type schemes. Grameen Banking system is now expanding into wealthy countries, as well. As of 2017, Grameen America has 23 branches in
fifteen US cities. it has invested a total of $1.26 billion to reach out to 120 ,000 borrowers, all
low-income women of the USA, in 15 cities. (UNB, SEPTEMBER 23, 2019)
