Grameen Bank

Professor Mohammad Yunus and the micro-credit of the poor in Bangladesh. He held the position of Managing Director at Grameen Bank, an institution he founded in order to help the poor in his home country. Grameen Bank, which was set up in 1976 and was then transformed into an independent bank from governmental legislation in October 1983, is a microfinance organization and community development bank that offers microcredits or Grameen credits to the very poor without asking for guarantees. Since its launch, the bank has provided loans to more than eight million poor people in Bangladesh. Professor Yunus was also awarded the Nobel Peace Prize in 2006 for the micro-credit system provided by his bank to poor…

proposals that are very promising in successfully reducing poverty in Anchuria. Both him and I are devoted to reducing poverty in our country as well as providing jobs. As the Secretary for Economic and Development, I believe these three proposals from Yunus, de Soto and Kohli have the potential to spur economic growth and decrease poverty as well as determine the best way to use our resources. We were influenced by Muhammad Yunus to use nearly all of our oil revenues to provide microcredit…

is the sole objective of the company. Like an NGO, it has a social or environmental mission, but like a business, it generates its own revenues to cover its costs. Investors may recoup their initial investment, but all further profits are reinvested for growth and innovation, or to seed new social business ventures. He even foresees the day when social businesses will be public companies whose shares are traded on their own stock market. This, he believes, will help pave the way for the…

enterprises and entrepreneurs remain inadequate for the reason that financial intermediaries are anxious in relation to provide credit to small businesses due to their high risk, undersized portfolios, and high administration or operational cost. According to Cuevas et al. (1993), operational cost contributes to the incapability of the SMEs to access funding. This means that the higher the operational cost of lending the lower the net margin expected from the loan operation and unfavourable…

2.2.6 INFRASTRUCTURE FACILITY: J&K Bank ltd is having a class ‘A’ infrastructure facility as a back to provide services to its customers. Bank is having its corporate offices at both Srinagar and Jammu as a multi-storey building. J&K Bank ltd has 725 branches and 650 ATMs which are well equipped and furnished. The bank is using latest technology in their branches to provide better services. Every branch is fully furnished with chairs and tables and other accessories. Bank has also…

firm to help organize its resources and its efforts to work through the legal process. The data that was gathered through the master planning and environmental assessment later proved useful for public education. An “Annexation Agreement” between Adams County and the City of Denver was reached on April 21, 1988. Adams Country voters approved a plan to let Denver annex 43.3 square miles for the construction of an airport. In a special election on May 16, 1989, voters of Denver endorsed a “New…

(2012, August 09). U.S. banks’ Dodd-Frank costs may widen to $34 billion, S&P says. Bloomberg. Retrieved November 13, 2012, from http://www.bloomberg.com/news/2012-08-09/u-s-banks-dodd-frank-costs-may-widen-to-34-billion-s-p-says.html Kelton, E. (2012, November 13). Hang it up, Wall Street. Dodd Frank is here to stay. Forbes. Retrieved Nov 24, 2012, from http://www.forbes.com/sites/erikakelton/2012/11/13/hang-it-up-wall-street-dodd-frank-is-here-to-stay/ Koba, M. (2012, May 11). CNBC…

Quiz #2-Chapter 3 Student: ___________________________________________________________________________ 1. Organizations with high turnover and low productivity are usually called "learning organizations." True False 2. The internal environment of an organization includes stakeholders, but the external environment does not. True False 3. Internal stakeholders include the employees of an organization. True False 4. All firms have a Board of Directors. True False …

of the Bank of England in 1994 (cited in Financial Stability Review, 1999, p.…

Each person has a vested interest in the bank and wants to make a profit. Banks need to meet their customer needs, as from the deposits that customers make allow for loans to be funded, and that is how a bank can grow for the future. As a shareholder, it is vital for the person to make a profit. For example, the vendor that installs the check imaging system for the ATM wants the product and service to be successful because if not, it affects the vendors’ reputation. Employees want to work for a…