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Grammen Bank - Coggle Diagram
Grammen Bank
How does the microcredit work?
selection
candidates are selected
groups
groups of five people
consultancies
potential borrowers
obliged to instruct in the laws
loan
it's 27 dollars
first to two members of the group
then another two after six weeks
supervision
group president is responsible
well used loans
Warranty
bank loans
What is?
Born in Bangladesh 1940
Muhammad Yunus
indian economist
creator of the microcredit
bank founder
Institution microfinance
community development
History
1974
grant credit to poor people
2006
the Nobel recognized him
To the founder the Nobel Peace Prize
1976
grammen bank was created
loan per person
27 US dollars to 42 people
1983
authorized by national legislation
independent bank
98% recovery rate
We lend to 96% of women