Grameen Bank [SEP] inception
Grameen Bank
Grameen Bank () is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral.
Grameen Bank originated in 1976, in the work of Professor Muhammad Yunus at University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983 the Grameen Bank was authorised by national legislation to operate as an independent bank.
Shakti and with the Grameen Bank—the pioneering microcredit lender he founded in 1976. He has stated that he will reduce his involvement with the Bank, and that no Grameen Bank executives will be involved with the party.
Reactions in the political arena.
Right from its inception, the party has caused quite a stir in political circles. Though many political leaders initially remained tight-lipped, some expressed their bitterness regarding the party.
Then Former Premier Sheikh Hasina expressed her displeasure over Yunus joining politics, saying,