Grameen bank

The Grameen bank is the bank of  the poor. It gives loan to the landless and helpless people especially the women. Professor Muhammad Yunus  is the founder and managing  director of this Bank . Professor Muhammad Yunus   founded Grameen bank at jobra village of hathazari  in chittagong district in 1976. It aims at improving the condition  of the poor  people living in the village. The Grameen bank gives loan to the women through various centers. Each center has at least 5-6 groups of workers containing  five member each. The member conduct their business though the chairman  elected by the group member  with the bank.  This bank lends money  to people who are poor. Landless and helpless though micro credit system. With these small loans, the poor people  have been  able to earn more and come out of their proverty. The can use it many productive  activities . this bank has gained popularity  in Bangladesh in the rural areas. Starting  with just  one small village , grameen bank has now has spread over 55,000 villages over the Bangladesh . This micro credit system gained popularity  in many countries of the world . Professor Muhammad Yunus   and Grameen bank were awarded (nobel)  prize for peace in 2006.

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