Grameen Bank.
An antipoverty bank owned by its village borrowers and headquartered in Dhaka, Bangladesh, the Grameen Bank pioneered and institutionalized “microcredit” lending on a massive scale and widely influenced practices in the area of international development. Microcredit involves the extension of small, uncollateralized loans for self-employment, usually to individuals living in poverty who otherwise would be denied access to credit at reasonable rates of interest. During ... ...
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