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Banker to the Poor: The Autobiography of Muhammad Yunus Study Guide

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by Muhammad Yunus
About 50 pages (14,924 words)
Banker to the Poor Summary

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Chapter 13, Grameen Bank II Summary and Analysis

Grameen has been a very successful program. The bank has come a long way from the twenty-seven dollar loan made by Yunus to the stool makers of Jobra. They have faced many problems and have solved them. With more than one thousand one hundred branches they service more than 2.6 million borrowers. The bank is more or less self-reliant, financing almost all of its loans from its loan funds or savings of depositors. The bank stopped taking funds from donors in 1995. With the exception of three years, the bank has been profitable every year. From Yunus's point of view they are proving that businesses that have social objectives can succeed and be profitable.

Grameen now has three different kinds of loans for its borrowers......

This is a free excerpt of 135 words. This section contains 428 words. This study guide contains 14,924 words (approx. 50 pages at 300 words per page).

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Banker to the Poor: The Autobiography of Muhammad Yunus from BookRags and Gale's For Students Series. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.

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