Grameen Bank

The man who reinvented banks

Source: Herald Scotland By Steven Vass Professor Muhammad Yunus paces into the room with the quiet dignity befitting his status. This is the father of micro-finance, the founder of the Grameen Bank, which lends money to severely poor people to start businesses. Originated in his native Bangladesh in the 1970s, it […]

Bangladesh to assert more power over Grameen Bank

Source: CBS/AP DHAKA, Bangladesh — Bangladesh has decided to expand the power of the government-appointed chairman at pioneering micro lender Grameen Bank.  Government spokesman Musharraf Hossain Bhuiyan says amending the law will allow the chairman to appoint the managing director of the bank. That authority is now held by the […]