The company has so far invested more than BDT 10‚700 crore (USD 1.6 billion) to build the network infrastructure since its inception in 1997. It has invested over BDT 3‚100 crore (USD 450 million) during the first three quarters of 2007 while BDT 2‚100 crore (USD 310 million) was invested in 2006 alone. Grameenphone is also one the largest taxpayers in the country‚ having contributed nearly BDT 7000 crore in direct and indirect taxes to the Government Exchequer over the years. Of this amount‚ over
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To What Extent Can Microcredit Be Effective in the Alleviation of Poverty? The Case of The Grameen Bank in Bangladesh. 1. Introduction Bangladesh is one of the poorest countries in the world. As many as 86% of people who live in rural areas in Bangladesh live under the poverty line (Rahman‚ 1996). Quality of health care services is very poor in Bangladesh. The percentage of available health service is 20 %. The percentage of access to safe water is 43 %. Infant mortality rate is 120 out
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Evaluation of microfinance and women empowerment: Case study on Grameen Bank in Northern Bangladesh Chapter One: Overview Where there is informal economy condition of developing countries‚ women face a comparative disadvantage. In the northern area of Bangladesh‚ economic conditions forced rural women to adopt microfinance (credit and savings) as one major strategy for self reliance. Women go through relatively much more hardship than men in countries that are striving towards economic growth
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http://socialentrepreneurshipximb.wordpress.com/2009/12/08/review-of-the-book-banker-to-the-poor-by-muhammad-yunus-by-lg-9/ Social Entrepreneurship exploring the unexplored………. GRAMEEN BANK – The bank for the poor. In 2006 Mohammed Yunus and the Grameen bank were jointly awarded the Nobel Peace Prize‚ “for their efforts to create economic and social development from below”. Analyzed the root cause of the misery of the rural women of Bangladesh who work hard day and night and are still
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Grameen Danone Foods Muhama Yunus reinvented the world by giving the poor a way out of poverty through micro financing with Grameen Bank and improving the health of children with Grameen Foods. With the help of Grameen Group’s establishment‚ he was turned towards Danone‚ where he continued his venture of social entrepreneurship. The partnership between Grameen and Danone was crucial to the organization that was built. Just as Homeless World Cup and Nike partnered to give each other benefits
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Grameen Danone Grameen Danone Foods‚ popularly known as "Grameen Danone" is a social business enterprise which‚ launched in 2006‚ has been designed to provide children with many of the key nutrients that are typically missing from their diet in rural Bangladesh. This is run on ’No loss‚ No dividend basis. During his visit to Paris‚ France‚ in 2005‚ Professor Muhammad Yunus‚ the founder of Grameen Bank was invited by Franck Riboud‚ the chief executive officer of Groupe Danone (known as Dannon
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little information about the quality of the borrower (whether a good/safe‚ or a bad/risky borrower.) As a result‚ the bank cannot charge a higher interest rate to compensate the risk of the bad/ risky borrowers as those rates might not be viable for the safe borrowers. This adverse selection problem of the bank is solved by the Grameen Bank lending model. The crux of the Grameen Bank lending model is the feature of joint liability. This feature states that if a certain member of the group is unable
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A WORKING REPORT ON GRAMEEN PHONE COMMUNITY INFORMATION CENTER (GPCIC) by Fatema Khairunnessa ID: 0431021 An Internship Report Presented in Partial Fulfillment of the Requirements for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY‚ BANGLADESH September‚ 2009 A WORKING REPORT ON GRAMEEN PHONE COMMUNITY INFORMATION CENTER (GPCIC) by Fatema Khairunnessa ID: 0431021 has been approved September‚ 2009 ___________________ Md. Sohel Islam Senior lecturer
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Behind its gentle image is a tough‚ highly lucrative bank. Banco Compartamos portrays itself as the gentler lender to Mexico’s poor. Compartamos means "let’s share‚" reflecting the philosophy of its founders‚ the two Carlos’. The non-profit Grameen Bank model and the commercial for-profit Banco Compartamos have many differences‚ the fundamental distinctions between them is in their funding methods. Grameen Bank funds microloans primarily through local funds usually from savings deposits‚ while Compartamos
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successful‚ and in the same year he secured small loans from the government bank to proceed with the project‚ which continued to succeed and grow. In 1983 the project had expanded into a large business‚ and was renamed Grameen Bank. From 1983 to 1989 Grameen continued to grow and expand‚ until Dr. Yunus realized the need to diversify; several subsidiary enterprises‚ including GrameenPhone‚ were created within the Grameen organization. All of these enterprises were structured on the same social business
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