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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 ...
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 ...
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 ...
Grameen Bank Founder’s Fate in the Balance 2 minute read By TIME Staff February 28, 2011 5:11 AM EST ...
Mohammad Yunus and the Grameen Bank won the Nobel Peace Prize earlier this year for their work in microfinance. The NewsHour's economics correspondent Paul Solman speaks with Yunus about how micro ...
“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 ...
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