Micro Credit Program of Grameen Bank for Poverty Alleviation and Women Empowerment

Gausul Azum, MD.

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dc.contributor.author	Gausul Azum, MD.
dc.date.accessioned	2020-10-19T07:28:09Z
dc.date.available	2020-10-19T07:28:09Z
dc.date.issued	2020-01-04
dc.identifier.uri	http://dspace.daffodilvarsity.edu.bd:8080/handle/123456789/4718
dc.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)	en_US
dc.description.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.	en_US
dc.language.iso	en	en_US
dc.publisher	Daffodil International University	en_US
dc.subject	Poverty	en_US
dc.subject	Banks and Banking--Bangladesh	en_US
dc.title	Micro Credit Program of Grameen Bank for Poverty Alleviation and Women Empowerment	en_US
dc.type	Other	en_US