Email about Grameen Bank | Learning The Easy Way

August 19, 2024 0

 


From:oyahidul1991@yahoo.com
To: fardin@gmail.com
Cc:  fardin@gmail.com

Subject: Description of Grameen Bank

My Dear "Fardin",
At first, you will take my Salam. I hope you are well by the grace of Allah. I am also well by the grace of Allah. I received your email yesterday. In your email, you wanted to know about Grameen Bank. Now I will write you about one of the most famous financial institutions in the world. It is Grameen Bank.

The Grameen Bank is a rural bank in Bangladesh. It provides credit to the rural poor people. It is a micro-credit organization. It was founded by Dr. Muhammad Yunus. At first, Dr. Muhammad Yunus began his action research project at Jobra village in Chittagong in 1976. In 1983, Grameen Bank was established by government order as a specialized financial institution. It has now spread all over the world. There are many purposes of Grameen Bank. Firstly, to extend banking facilities to poor men and women. Secondly, to eliminate the exploitation of the money-lenders. thirdly to create opportunities for self-employment. There are some rules and regulations for taking loans from Grameen Bank. Only the poor and landless people are eligible for getting loans. They are advised to make the best use of the loan money. However, The Grameen Bank is a unique financial institution in Bangladesh. It has many achievements. It has won many international prizes. Dr. Mohammad Yunus and The Grameen Bank jointly won the prestigious Nobel Prize in 2006 for peace. Grameen Bank has brought about a revolutionary change in the rural economy of Bangladesh. So, we are proud of Grameen Bank.

No more today. Take care. I pray you will be happy in life. Best of luck. Good Bye.

Your Loving 
 "Oyahidul"

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