University (DIU). It gave us an opportunity to participate and learn about the leadership. iv Executive Summary Dr. Muhammad Yunus (born 28 June 1940) is a Bangladeshi banker, economist and Nobel Peace Prize recipient. He is the founder of the Grameen Bank. He gives the loan to rural poor people to be self-sufficiency.
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rural areas (at least in SAARC countries). Since the current GDP growth of India doesn’t reflect much in rural sector, microfinance has a very huge role to play. Mr Muhammad Yunus of Bangladesh needs to be appreciated for his brilliant idea of Grameen Bank and the way he changed the fundamentals of microfinance with SHGs (Self Help Groups).
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Could Microfinance Be the End of Poverty? Lending money to a small business or individual that may or may not be able to repay the debt can be complex and lead to banks having to make difficult decisions. Lenders are known for acting with caution and avoiding a risky investment, yet millions of people worldwide are gaining access to capital. These small corporations or family owned start-ups are using microfinance institutions to supply them with the necessary loans they need for various business
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ICT in Microfinance: A Bangladesh Perspective Md. Badruddozza Mia, Coordinator of Computer in Development Programme, PROSHIKA The movement for harnessing the potential of Information and Communication Technology (ICT) for the development of the poor is gaining momentum around the world. Microfinance has already played a remarkable role in poverty reduction endeavours in the less developed countries. Better financial services for the poor through the appropriate use of ICTs could help the microfinance
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There are a lot of successful people around the world who made a big impact in their environments. One of them is Muhammad Yonus, a man who founded the grameen bank or as known as the poor people's bank in Bangladesh. This bank is aimed to give small loans to poor people with small rate of interest to help them in their lives. As a result, Muhammad younus got the Nobel Prize in 2006 for his achievement. Despite getting the Nobel Prize, some people thought that Muhammad younus is a fraud and he doesn't
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Introduction to marketing L/O: 3 Learner’s Name: Md. Syful Islam ID NO: 2012226005. Assessor: Mr. Khwaja Arafat Abdullah P (5) Consumer market segmentation Segmentation is all about indentifying common needs and buying behavior within a market. The most general categories to consider when segmenting market are * Geographic – the location of your customers. This might split down to national or regional boundaries or whether your customers live in urban or rural area
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further investigation in Village Tajpur, Bangladesh: A case study approach. Background of the research: Microfinance has emerged in 70s and officially displayed in 1981 through the establishment of Grameen Bank (GB) by noble laureate Muhammad Yunus in Bangladesh, a south-east Asian country (Grameen-info, 2011). In last three decades, more than 100 countries have adopted microfinance for socio-economic development through reducing poverty (Money, 2011). Microfinance is the combination of three domains
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“Factors Affecting Non- participation in Microfinance Institution: A Case Study in Bangladesh” [pic] Principles of Banking & Insurance Sec - D Submitted to: Mohammad A. Ashraf Assistant Professor Submitted by: Name: ID# Khaled Md. Masum 111081125 Jesika Haque 111081042 Ismat Jerin Chetona 111083068 Date of Submission: 27/12/2010 Letter of Transmittal 27th December, 2010
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which are working as branch offices. In 1996, Bangladesh was preparing to auction off private cell phone licenses to four companies. So at the behest of Dr. Muhammad Yunus (Grameen Bank’s founder) but completely independent of Grameen Bank, a not-for-profit private company called Grameen Telecom was created. Grameen Telecom, in turn, created a for-profit company called GrameenPhone, found a foreign partner, and put in a bid; GrameenPhone received one of the four licenses on November 28, 1996
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Microcredit and its long term benefits Microcredit is the extension of small loans to the poor for them to qualify for traditional bank loans. It has proven an effective and popular measure in the ongoing struggle against poverty, enabling those without access to lending institutions to borrow at bank rates, and start small business. The key implications of microcredit is in its name itself: 'micro'. A number of issues come to mind when 'micro' is considered: The small size of the loans
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