What is the Grameen Bank?
Q: What is the Grameen Bank?
A: The Grameen Bank is a community development bank that provides small loans to poor people in Bangladesh without asking for money before the loan is given.
Q: What is microcredit?
A: Microcredit is a small loan given by the Grameen Bank and is also known as "grameencredit".
Q: What is the meaning of the word "Grameen"?
A: The word "Grameen" means "of the village" and is made of the word "gram" or "village".
Q: Why does the Grameen Bank provide loans to the poor?
A: The Grameen Bank believes that the poor have skills but have no chance to use their skills without some money.
Q: Who receives most of the loans from the Grameen Bank?
A: Most of the bank's loans go to women.
Q: Who started the Grameen Bank?
A: The Grameen Bank was started in 1976 by Professor Muhammad Yunus, a Fulbright scholar and Professor at University of Chittagong.
Q: What award was given to the Grameen Bank and its founder, Muhammad Yunus?
A: The Grameen Bank and its founder, Muhammad Yunus, were awarded the Nobel Peace Prize in 2006.
