Grameen Bank model

Author:

Published:

Updated:

« Back to Glossary Index

Definition of “Grameen Bank model” :

The “Grameen Bank model” refers to a microfinance system originated in Bangladesh by Muhammad Yunus. It provides small loans, or microcredit, to the impoverished without requiring collateral. The model aims to promote financial inclusion and entrepreneurship among the poor, particularly women, to alleviate poverty. This model has been adopted globally, including in South Africa, to uplift underprivileged communities.

« Back to Glossary Index

Latest guides