Through microfinance loans — small amounts of capital that fund the start of modest businesses — Grameen demonstrated that the poor are “bankable,” and boasted an impressive 98 percent loan recovery ...
That is, until she discovered Grameen Bank, one of the first microfinance institutions (MFIs), which set up shop in rural Bangladesh in the wake of the 1976 famine. In 1979, Grameen made Mufiya a ...
The most famous microfinance institution, the Grameen Bank, grew strong in the unregulated markets of Bangladesh. Nimble and flexible, the model built by the Grameen Bank proved to be an effective ...