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Grameen Bank: Micro Finance Presented by Samia Mohammed Umer
Grameen Bank: Micro Finance Presented by Samia Mohammed Umer
Grameen Bank: Micro Finance Presented by Samia Mohammed Umer
MICRO FINANCE-CREDIT
Is the most common form of Microfinance It means the provision of small loans to entrepreneurs who are too poor to qualify for conventional bank loans.
It presents a series of exciting possibilities for: Extending markets, reducing poverty and Fostering social change.
No collateral
No guarantee Customers are never taken to court for default
OWNERSHIP
Borrowers (94%) government (6%)
Borrowers
96% women 5.58 million (to date)
SOURCE OF FUNDS
100% from borrowers deposits No Donor Money, No Loans (since 95)
PROFITS
Made profit every year except 83, 91 and 92. Audited by two internationally reputed audit firms.