How Grameen Bank Help the Poor?

The Grameen Bank seeks to empower people to overcome the oppressive conditions of exploitation, poverty, and ignorance. The Bank provides credit without collateral to the poorest of the poor who have no assets, and assists poor women to escape extreme poverty.

How does Grameen Bank help?

Banks in the traditional system have been reluctant to lend money to anyone unable to give some form or other of security. Grameen Bank, on the other hand, works on the assumption that even the poorest of the poor can manage their own financial affairs and development given suitable conditions.

What did Grameen Bank contribute to the society?

The Grameen Bank provides small loans (known as microcredit or “grameencredit”), deposits, housing loans, microenterprise loans, special program for beggars, scholarships for the high performing children of Grameen borrowers (with priority on girls), higher education loans, loan insurance programs, life insurance for ...