Business Studies

Choose the project initiated by Dr. Mohammad Yunus in Chitagaon University to support landless poor women to promote self-employment.


ANSWER

Gramin Bank


SOLUTION
Gramin Bank is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as micro credit or "gramin credit") to the impoverished without requiring collateral.

Gramin 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 Gramin Bank was authorised by national legislation to operate as an independent bank
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