Word: grameen
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...Bangladesh, Grameen Bank charges the lowest rate among all microcredit programs, and yes, we make a profit. But Grameen Bank is owned by the borrowers, so when we make a profit, it goes back to the borrowers as dividends...
Have you ever found an incident of corruption involving a Grameen Bank loan...
...have cases of corruption, but Grameen Bank now has 28,000 staff, 8 million borrowers and 2,600 branches. We lend out over $100 million each month and have a similar amount coming back. It's very easy to put money in your pocket. But the amazing thing is that cases of corruption are so rare...
...Today Grameen programs are everywhere. We even have a program in New York City, and it works beautifully. It's the same system as in the villages of Bangladesh. We do it in Latin American countries--in Mexico, Guatemala, Costa Rica--in exactly the same...
...think the same model of microlending so successful in Bangladesh can be applied elsewhere? Sadruddin Salman, Dhaka Today, Grameen programs are everywhere. We even have a program in New York City, and it works beautifully. We brought the same system as we do in the villages of Bangladesh. We do it in Latin American countries - in Mexico, Guatemala, Costa Rica - in exactly the same...