Grameen Bank is a Specialized Development Banks In Bangladesh . The Grameen Bank came into operation with the hand of Professor Muhammad Yunus . He was theÂ Head of the Rural Economics Program at the UniversityÂ of Chittagong, and heÂ launched an action research project to examine the possibility of designing a credit delivery system to provide banking services targeted at the rural poor. He Take the researchÂ JobraÂ and some of the neighboring villages during 1976-1979.Â In October 1983, the Grameen Bank Project was transformed into an independent bank by government legislation. Now a day Grameen Bank is owned by the rural poor whom it serves. Borrowers of the Bank own 90% of its shares, while the remaining 10% is owned by the government. The Grameen Bank also known as Poor’s Bank .
Grameen Bank’s positive impact on its poor and formerly poor borrowers has been documented in many independent studies carried out by external agencies including the World Bank, the International Food Research Policy Institute (IFPRI) and the Bangladesh Institute of Development Studies (BIDS).
The Nobel Peace Prize 2006 and Grameen Bank
The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2006, divided into two equal parts, to Grameen Bank and Muhammad YunusÂ for their efforts to create economic and social development from below. Lasting peace can not be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such means. Development from below also serves to advance democracy and human rights.
- SWITZERLAND : Aga Khan Award For Architecture : 1989
- BELGIUM : King Baudouin International Development Prize : 1993
- BANGLADESH : Independence Day Award : 1994
- MALAYSIA : Tun Abdul Razak Award : 1994
- UNITED KINGDOM : World Habitat Award : 1997
- INDIA : Gandhi Peace Prize : 2000
- U.S.A. : Petersberg Prize : 2004
Grameen BankÂ Head Office Address
Grameen Bank Bhaban
Mirpur – 2, Dhaka -1216
Phone : (880-2) 8011138
Fax : (880-2) 8013559
Email : email@example.com
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