Loan and Credit Practice and Performance of Grameen Bank

Abstract

Bangladesh is an under-developed country which is desperate to earn its name as a develop country. From the very first moment of the country’s independence that has the aim to be something bigger in economy. As any other country, the banking system of Bangladesh has a big effect on its economy as well as creating a balance. Among all the bank there’s something different came up which work for the poor. The Grameen Bank which started as a village program focusing on a group of poor people, became a bank later and became very popular in the rural areas of the country and has done a tremendous amount of changes in the economy especially among the poor people. Throughout their many micro financing program which is widely known as micro-credit, they gave opportunities to the poor homeless needy people and let them had a dream. While most of the banking system required securities or guarantee, getting loan from this especial bank do not any collateral. For which a wide range of people get attracted to this type of micro financing. Many become stable in their economic situation based on this type of credit loan program.