Grameen Bank

In: Social Issues

Submitted By unicejung
Words 839
Pages 4
Grameen bank.
Eulee

What do you think when there is word ‘Novel Peace Prize’? Love, sacrifice, donation, freedom, human rights and etc. you can easily think about related word. Then what do you know about ‘Novel Peace Prize Laureate?’ Of course you could have heard about ‘Mother Theresa’, ‘Martin Luther King Jr’ ‘Dalai Lama’ or ‘Nelson Mandela’. All of them and their achievements are, needless to say, graceful and gave ‘peace’ to the world. However, do you know who had honored the Novel Peace Prize in 2006? The answer is Muhammad Yunus, Bangladeshi economist and founder of the Grameen Bank. He was also a professor of economics at Chittagong University. But, most of guys question ‘Why economist and university professor founded a bank and received novel peace prize?’. So I am standing here for explain about him and Grameen bank.

The origin of Grameen bank was started when Muhammad Yunus, a Bangladeshi professor of economy at a college, lend 27 dollars to a group of 42 women who suffered from a loan shark in 1973. From his personal experience, the Grameen project has developed into establishing micro financing institute, for the poor, in 1983 on Bangladeshi; the Grameen Bank.
The purpose of their bank is offering banking service to the poor, especially woman. Grameen bank is representative of ‘micro credit’ that offered chance to the poor.
The problem that Grameen bank tries to overcome is poverty. Bangladesh is really poor nation that is usually attacked by flood, drought and typhoon and even if the population of Bangladesh is about 14, 1822,000 but most of them suffer from malnutrition or unemployed person and illiterate. In addition to women’s status is very low. Women couldn’t earn money like man and ignored in house and society. Of course there are not only people who are not work hard and can’t overcome from poverty but there is also people who worked hard…...

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