Founded in 1983 by Dr. Muhammad Yunus, Grameen Bank is a microfinancing organization that extends small unsecured loans. At the heart of its operations is Dr. Yunus’s belief that a credit program for the destitute does not require collateral or security. Grameen Bank has been instrumental in reducing poverty in Bangladesh, assisting the economic independence of the rural poor by providing small loans to low income business owners, especially women.
Aiming to eradicate poverty through business means, Dr. Yunus runs more than 50 Grameen-related companies working to address social problems across a broad range of sectors, including education, medicine, energy, and information technology. These Grameen Family companies actively implement social business in a variety of fields around the world.
