Grameen Bank
Grameen Bank provides replication guidelines - see link at [1]
From Guidelines -
Today, Grameen Bank is the largest bank in Bangladesh. It serves more than 8.3 million members, 98%
of them women. All entered the Bank practically landless and asset-less, and with income well below the poverty line. One of the Bank’s most noteworthy aspects is its ownership structure: Borrowers own 95% of the bank, with the government holding the remaining 5%. Each member of Grameen is required to buy at least 1 share. The Bank’s 24,000 employees provide services across more than 95% of the national territory, in about 81,000 villages, through more than 2,500 branch offices.
Housing
- GB also offers housing loans for the poor, as adequate shelter is one of the basic requirements in order
for people to organize their lives, achieve mental stability and undertake plans and programs for doing something meaningful. Home ownership instills very poor members with a sense of confidence and dignity. That in turn allows them to start dreaming of a better and fuller life. Since group members use their houses as their place of work, that helped prompt the Grameen Bank to offer them housing loans.
Mission
Grameen’s leadership and staff recognize that the delivery of microcredit is not the primary objective. Instead, it is a key tool for confronting and addressing the vicious cycle of poverty. Poverty alleviation and its eventual eradication is the ultimate organizational goal.
Metrics
- Grameen published a Progress out of Peverty Index - measuring poverty - how about this as opposed to $2/day?