at a glance
grameen bank at a glance october, 2011

gb at a glance print
grameen bank project was born in the village of jobra, bangladesh, in 1976. in 1983 it was transformed into a formal bank under a special law passed for its creation.
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is grameen bank different print
grameen bank methodology is almost the reverse of the conventional banking methodology. conventional banking is based on the principle that the more you have, the more you can get. in other words, if you have little or nothing, you get nothing. as a result, more than half the population of the world is deprived of the financial services of the conventional banks. conventional banking is based on collateral, grameen system is collateral- free.
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what is microcredit print
the word "microcredit" did not exist before the seventies. now it has become a buzz-word among the development practitioners. in the process, the word has been imputed to mean everything to everybody. …
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the medal of freedom recipients print
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extract from the press release of white house
 
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for immediate release july 30,2009
 
president obama names medal of freedom recipients
16 agents of change to receive top civilian honor
 
washington – president obama today named 16 recipients of the 2009 presidential medal of freedom. america’s highest civilian honor, the medal of freedom is awarded to individuals who make an especially meritorious contribution to the security or national interests of the united states, world peace, cultural or other significant public or private endeavors.

this year’s awardees were chosen for their work as agents of change. among their many accomplishments in fields ranging from sports and art to science and medicine to politics and public policy, these men and women have changed the world for the better. they have blazed trails and broken down barriers. they have discovered new theories, launched new initiatives, and opened minds to new possibilities.

president obama said, "these outstanding men and women represent an incredible diversity of backgrounds. their tremendous accomplishments span fields from science to sports, from fine arts to foreign affairs. yet they share one overarching trait: each has been an agent of change. each saw an imperfect world and set about improving it, often overcoming great obstacles along the way.

"their relentless devotion to breaking down barriers and lifting up their fellow citizens sets a standard to which we all should strive. it is my great honor to award them the medal of freedom."

president obama will present the awards at a ceremony on wednesday, august 12.

the following individual will receive the 2009 presidential medal of freedom:

muhammad yunus

dr. muhammad yunus is a global leader in anti-poverty efforts, and has pioneered the use of "micro-loans" to provide credit to poor individuals without collateral. dr. yunus, an economist by training, founded the grameen bank in 1983 in his native bangladesh to provide small, low-interest loans to the poor to help better their livelihood and communities. despite its low interest rates and lending to poor individuals, grameen bank is sustainable and 98% percent of its loans are repaid – higher than other banking systems. it has spread its successful model throughout the world. dr. yunus received the nobel peace prize in 2006 for his work
 
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