Grameen Bank - Facts

Urban Farm DB summary

Grameen Bank, founded in 1976 in Dhaka, Bangladesh, shared the 2006 Nobel Peace Prize with Muhammad Yunus, half each, 'for their efforts to create economic and social development from below'. By establishing the bank in 1983 Yunus sought self-support for the very poorest through loans on easy terms. Where conventional banks avoided lending without security, Grameen assumes even the poorest can manage their own finances given suitable conditions. At the time of the prize more than seven million borrowers had received such microcredit, the average loan was $100, repayment was very high, and over 95 per cent of loans went to women or groups of women.

Only numbers and their conditions are stored, as structured data — never the source's own sentences. Metric and condition names stay in English, as coded.

• 7,000,000 borrowers

  borrowers(grameen bank microcredit)

  Economics

  region

  Bangladesh

  year

  2006

  method

  borrowers granted microcredit at the time of the Nobel Peace Prize, stated as more than seven million

• 100 usd

  average loan size(grameen bank microcredit)

  Economics

  region

  Bangladesh

  year

  2006

  method

  average amount borrowed

• 95 %

  share of loans to women(grameen bank microcredit)

  Social

  region

  Bangladesh

  year

  2006

  method

  share of loans going to women or groups of women, stated as over 95 per cent

Direction of conclusions

Each author conclusion is recorded only as a coded direction per topic. Read the original for the conclusion itself.

• Economic viabilitySupportsWith caveats