Topic - Grameen Bank

The Grameen Bank is a microfinance organization and community development bank started in Bangladesh that makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral. The word "Grameen" is derived from the word "gram" and means "rural" or "village" in Bangla language. - Source: Wikipedia

Subscribe to this topic via RSS or ATOM
Related Stories
  • Bangladeshi Nobel laureate Muhammad Yunus smiles as he arrives at the High Court in Dhaka, Bangladesh, on Thursday, March 3, 2011. (AP Photo/Zia Islam)

    Court defers ruling on Nobel laureate's dismissal

    Bangladesh's High Court has delayed its ruling on the legality of a government order dismissing Nobel laureate Muhammad Yunus as head of the microfinance bank he founded, an official said Sunday.

  • President Barack Obama awards the Medal of Freedom to Dr. Muhammad Yunus, a global leader in anti-poverty efforts, during a ceremony in the East Room at the White House, Wednesday, August 12, 2009.  
(Allison Shelley / The Washington Times)

    Bangladesh orders Nobel laureate out of microlender

    Bangladesh's government ordered Nobel laureate Muhammad Yunus from his post as head of his microfinance bank Wednesday — a humiliating blow for an activist whose revolutionary idea of giving out small loans lifted many out of poverty. But the Grameen Bank said he remained in charge and that it would fight the decision.

More Stories →

Happening Now