Friday, November 24, 2006

Nobel Laureate Dr. Yunus and his Grameen Bank


Dr. Yunus accorded civic reception, south plaza, Parliament bldg 29 nov 2006

Dr. Muhammad Yunus in his study room


heart to heart talk with a borrower


group farming

poultry

goat farming

handicraft & bamboo work

weaving

woodwork & carpentry

Grameen Bank as it stands at Mirpur, Dhaka

Mrs. Hillary on a visit to project site - bhapa and chitoi pitha (rice cake)

Elated at the news of Nobel prize

At Shaheed Minar, Dhaka, with team members

At a civic reception organized by Dhaka City Corporation

Speaking at the citizen's reception held in Bangladesh China Friendship Conference Centre, Dhaka

National crest given by the Bangladesh President Prof Dr. Iajuddin Ahmed

Nobel laureate with football superstar Zinedine Zidane in Dhaka stadium on 18 Oct 2006

Key of Dhaka City given to Dr. Yunus by Mayor Sadeq Hossain Khoka

Pride of Bangladesh with the National Flag
Nobel laureate Prof Dr. Muhammad Yunus is often referred to as "the world's banker to the poor". His life's work has been to prove that the poor are credit-worthy. His revolutionary “Grameen (Village) Banking” system is estimated to have extended credit to more than seven million of the world's poor, most of them in Bangladesh, the vast majority of the beneficiaries are women. Dr Yunus came up with the idea in 1976 while a professor of economics at Chittagong University in southern Bangladesh. The first loans he issued had a value of $27 (£14.50). Their recipients were 42 women from the village of Jobra, near the university. The women had relied until then on local money-lenders who charged high interest rates. Since then Dr. Yunus has never looked back.

Grameen Bank Project came into its own as an independent bank in 1983, with 60% of its initial paid-up capital subscribed by the government and 40% by the borrowers themselves. By the end of 1984, the Grameen Bank had 153 branches serving 2,268 villages with loans to 121,051 borrowers. At present, it has 6.74 million borrowers, 80 percent of whom are women. With 2259 branches, GB provides services in 72,833 villages, covering more than 86 percent of the total villages in Bangladesh. The average loan size is $60, the largest loan is approximately $200. Loan recovery is still near 95%.

9 comments:

rumi said...

the picture with hillary looks more like the queen of spain

Anonymous said...

Ηі to all, how iѕ thе wholе thіng,
I thіnk every one іs getting more from thiѕ web site, and your viеws are good for new viewеrs.
Feel free to visit my web blog planetside 2

Anonymous said...

Thus, there are many broad options for getting to know various kinds of news today and
that too through the use of various mediums. The effects of what they see, read and hear are having a devastating affect on
our society today. Thus they can choose from the many available sources.


Here is my webpage - Latest Daily News

Anonymous said...

Well, as we know world is changing day by day and its every single
move in politics, business or even entertainment world affects our lives a lot.

The ultimate online news source that covers news, travel, money, sports, life,
technology and weather. The reliable reviews on business and forecast about products and services.


my web page: http://www.latestdailynews.com

Anonymous said...

Hello i am kavin, its my first occasion to commenting anywhere, when i read this
article i thought i could also create comment due to this sensible
paragraph.

my site: Suggested Online site

Anonymous said...

I'm not sure where you're getting your information, but great topic.

I needs to spend some time learning much more or understanding more.
Thanks for wonderful info I was looking for this info for my mission.



Also visit my web page ... ranger forum

Anonymous said...

Hi! I realize this is sort of off-topic but I had to ask.
Does managing a well-established website like yours take a lot of work?
I am brand new to blogging however I do write
in my diary on a daily basis. I'd like to start a blog so I can share my experience and thoughts online. Please let me know if you have any kind of recommendations or tips for brand new aspiring bloggers. Thankyou!

my page - voyance Gratuite

Anonymous said...

I like the valuable info you provide in your articles.
I'll bookmark your weblog and check again here frequently. I am quite certain I'll learn
many new stuff right here! Best of luck for the next!



Review my web-site; Rolland Garros

Zem Karlos said...

Appreciate your unusual and at the same time creative way of writing. I like your site very well and continue to do so. I have bookmarked your site. office furniture