Dr younus and Grameen bank

   
                                           Grameen bank of Bangladesh


grameen Bank is a financial institution that work for the rural people . The purpose of the bank is remove the poverty  of the rural people . This conception was first introduced by Dr. Muhammad Yunus , professor of Economics at Chittagong University .This noted economist established Grameen bank with a view to alleviating poverty from the rural areas .At first , he introducted micro credit system among a limited number of people and become successful in his plan . Then he set up a bank and today that very bank is known as Grameen bank and



Thousand of people have been able to see better days in life . Grameen bank provides credit to the rural people particularly to the women . Only the poor and land less women are eligible for getting loan . Before getting the loan people have to make 5-6 groups of workers each having five members .The member should be disciplined.
Basically , the chairperson is responsible for disciplinary activities .The borrowers are given advice to make the best use of money .

    
        People can repay the interest and the borrow money from their profits . This bank has brought a revolutionary change in our rural economy . Thus Grameen bank is rendering service to the people to start  a small business or take up small -scale project so that theu can lead a decent life . Of late it has achieved the
Nobel prize together with its founder Mr.Muhammad Yunus for its outstanding contribution