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The global financial crisis has highlighted a curious success story: A bank that doles out loans to some of the world's poorest, least-creditworthy people continues to have a payback rate of ...
The bank offers loans of between $500 and $3,000. No collateral is needed, but borrowers, gathered in peer groups of five to help ensure they stick to the rules, must repay two percent of the loan ...
“Grameen America’s success and growth in 2008 came in an environment where banks were cutting back on loans. Now, in 2009, Grameen America is expanding its operation to Omaha and continuing with its ...
Launched 10 years ago in New York City, Grameen America is an offshoot of the venerable Bangladesh-based Grameen Bank, founded in the 1970’s by Pulitzer-prize winner Muhammad Yunus to provide ...
Grameen Bank, which won the Nobel Peace Prize in 2006, earned its celebrated reputation by helping poor women in Bangladesh become entrepreneurs. Through microfinance loans — small amounts of capital ...
If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com Muhammad Yunus, the Nobel Prize-winning founder of Grameen Bank, said recent moves by Bangladeshi officials to ...
In 1983, Yunus founded Grameen Bank, which gives small loans to entrepreneurs who would not normally qualify for bank loans. The bank’s success in lifting people out of poverty led to similar ...
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