THE Grameen Bank - a rural credit
scheme in Bangladesh - is making
waves. The bank, the brainchild of
economist Muhammad Yunus,
advances loans to the poorest sections of the society and reached out
to more than 1.6 million people in
the last decade.
Inspired by its success, Grameen
Bank clones have come up in
Malaysia, the Philippines, many
African countries as well as Norway
and USA. Besides, the Asia Pacific
Network for Credit and Savings for
the Hardcore Poor has been set up
to popularise the concept in Asia.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
.png)
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.