GRAMEEN BANK IDENTITY
| THE IDENTITY Grameen Bank has now become a national institution that provides credit to the rural poor in Bangladesh. It is today also owned by the poor, whose paid up share capital amount to Taka 200 million. Credit provided by Grameen in 1994 exceeded the total amount of all other financial institutions and NGOs put together in Bangladesh. Grameen is committed to the goal of alleviation of poverty and empowerment of the rural poor. To fulfill its strategic objective, Grameen has grown institutionally, its credit operations have expanded rapidly and its programmes have become more diversified. |
 |
Grameen Bank has a large clientele, comprising over two million of the poorest households in the country. The immediate task is to ensure that they succeed in finally overcoming their poverty and attain further development in a sustainable way. Grameen's modus operandi has clearly demonstrated that poverty can be alleviated within a short time and new opportunities created for self employment, higher incomes, improved housing, better health & nutrition, children's schooling, and altogether a better quality of life. A substantial number of Grameen's clientele, according to some evaluations, have already succeeded in overcoming absolute poverty. It is Grameen's firm conviction that a majority of its borrowers will cross the poverty line in the next five years. |