The Grameen Bank Of Bangladesh

Grameen bank of Bangladesh is one of the famous bank in Asia. Grameen Bank is a bank which gives loans to the Bangladesh’s poor village people. The purpose of this bank is to remove the poverty of the Bangladesh’s rural poor people since most of the people of this country are poor. Professor Yunus is an economist. The poor condition of the most of the people of this country hurts him. So he tries to find out the way of removing poverty. He successful in his plan. Then he sets up a bank and today that very bank is known as Grameen Bank. His programme succeeds and thousands of people have been able to see better days in their life. However the Grameen Bank provides credit to the poor particularly to the poor rural women. Before taking loan from the Grameen Bank the poor rural women are to set up a centre from where the bank will work to give loans and receive repayment of group selects a chairperson and a secretary. They will hold their posts for a year. The group chairperson will be responsible for discipline in the group. Members will conduct their business with the bank through her. All members are obliged to attend any meetings called. They are fully aware of the rules and procedures. Each member is given a registered number. The bank has raised consciousness among the poor, changed their poor economic condition, has developed their skills and has created employment opportunities. The bank has a positive effect on Bangladesh’s socio-economic variables, including children’s schooling, children nutrition and family planning.