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Grameen Bank
Grameen Bank ( bn, গ্রামীণ ব্যাংক) is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral. Grameen Bank originated in 1976, in the work of Professor Muhammad Yunus at University of Chittagong, who launched a research project to study how to design a credit delivery system to provide banking services to the rural poor. In October 1983 the Grameen Bank was authorised by national legislation to operate as an independent bank. The bank grew significantly between 2003 and 2007. As of January 2011, the total borrowers of the bank number 8.4 million, and 97% of those are women. In 1998 the Bank's "Low-cost Housing Program" won a World Habitat Award. In 2006, the bank and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize. History Muhammad Yunus was inspired during the Bangladesh famine o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad Yunus
Muhammad Yunus (born 28 June 1940) is a Bangladeshi social entrepreneur, banker, economist and civil society leader who was awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. Yunus and the Grameen Bank were jointly awarded the Nobel Peace Prize "for their efforts through microcredit to create economic and social development from below". The Norwegian Nobel Committee said that "lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty" and that "across cultures and civilizations, Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development". Yunus has received several other national and international honours. He received the United States Presidential Medal of Freedom in 2009 and the Congressional Gold Medal in 2010. In 2008 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bengali Language
Bengali ( ), generally known by its endonym Bangla (, ), is an Indo-Aryan languages, Indo-Aryan language native to the Bengal region of South Asia. It is the official, national, and most widely spoken language of Bangladesh and the second most widely spoken of the 22 scheduled languages of India. With approximately 300 million native speakers and another 37 million as second language speakers, Bengali is the List of languages by number of native speakers, fifth most-spoken native language and the List of languages by total number of speakers, seventh most spoken language by total number of speakers in the world. Bengali is the fifth most spoken Indo-European language. Bengali is the official language, official and national language of Bangladesh, with 98% of Bangladeshis using Bengali as their first language. Within India, Bengali is the official language of the states of West Bengal, Tripura and the Barak Valley region of the state of Assam. It is also a second official lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republika sang Filipinas * ibg, Republika nat Filipinas * ilo, Republika ti Filipinas * ivv, Republika nu Filipinas * pam, Republika ning Filipinas * krj, Republika kang Pilipinas * mdh, Republika nu Pilipinas * mrw, Republika a Pilipinas * pag, Republika na Filipinas * xsb, Republika nin Pilipinas * sgd, Republika nan Pilipinas * tgl, Republika ng Pilipinas * tsg, Republika sin Pilipinas * war, Republika han Pilipinas * yka, Republika si Pilipinas In the recognized optional languages of the Philippines: * es, República de las Filipinas * ar, جمهورية الفلبين, Jumhūriyyat al-Filibbīn is an archipelagic country in Southeast Asia. It is situated in the western Pacific Ocean and consists of around 7,641 islands t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manila
Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populated city proper. Manila is considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC). It was the first chartered city in the country, designated as such by the Philippine Commission Act 183 of July 31, 1901. It became autonomous with the passage of Republic Act No. 409, "The Revised Charter of the City of Manila", on June 18, 1949. Manila is considered to be part of the world's original set of global cities because its commercial networks were the first to extend across the Pacific Ocean and connect Asia with the Spanish Americas through the galleon trade; when this was accomplished, it marked the first time in world history that an uninterrupted chain of trade routes circling ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions locate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grameen America
Grameen America is a 501(c)(3) nonprofit microfinance organization based in New York City. It was founded by Nobel Peace Prize recipient Muhammad Yunus in 2008. Grameen America is run by former Avon Chairman and CEO Andrea Jung. The organization provides loans, savings programs, financial education, and credit establishment to women who live in poverty in the United States. All loans must be used to build small businesses. Services Grameen America offers four key products. #Microloans. The maximum first-time loan is $1,500, though borrowers can return for larger loans once they have repaid their initial loan. #Savings program. Grameen America provides no-fee, no minimum balance savings accounts through commercial partner banks. #Credit Establishment. Grameen America helps members build credit by reporting loan repayments directly to Experian. #Financial Education. Grameen encourages group mentoring during a five-day initial training and weekly meetings with members. Lending proce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Bangladesh
The Government of the People's Republic of Bangladesh ( bn, গণপ্রজাতন্ত্রী বাংলাদেশ সরকার — ) is the central executive government of Bangladesh. The government was constituted by the Constitution of Bangladesh and represented by the president, the prime minister and the cabinet of Bangladesh. The legislature represented by the Jatiya Sangsad, and the judiciary, represented by the Supreme Court of Bangladesh. Bangladesh is a unitary state and the central government has the authority to govern over the entirety of the nation. The seat of the government is located in Dhaka, the capital of Bangladesh. The executive government is led by the prime minister, who selects all the remaining ministers. The prime minister and the other most senior ministers belong to the supreme decision-making committee, known as the Cabinet. The current prime minister is Sheikh Hasina, leader of the Bangladesh Awami League, who was sworn-in by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ford Foundation
The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. Created in 1936 by Edsel Ford and his father Henry Ford, it was originally funded by a US$25,000 gift from Edsel Ford. By 1947, after the death of the two founders, the foundation owned 90% of the non-voting shares of the Ford Motor Company. (The Ford family retained the voting shares.) Between 1955 and 1974, the foundation sold its Ford Motor Company holdings and now plays no role in the automobile company. Ahead of the foundation selling its Ford Motor Company holdings, in 1949, Henry Ford II created the , a separate corporate foundation that to this day serves as the philanthropic arm of the Ford Motor Company and is not associated with the foundation. The Ford Foundation makes grants through its headquarters and ten international field offices. For many years, the foundation's financial endowment was the largest private endowment in the world; it remains among the wealthie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ShoreBank
ShoreBank was a community development bank founded and headquartered in Chicago. At the time of its closing it was the oldest and largest such institution, and in 2008 had $2.6 billion in assets. It was owned by ShoreBank Corporation, a regulated bank holding company. ShoreBank had branches in Chicago's South Side (Chicago), South and West sides, Cleveland, and Detroit. Between 2000 and 2006, ShoreBank issued nearly $900 million in loans to citizens in Chicago, Detroit, and Cleveland. ShoreBank and its affiliated companies have projects in 30 countries. ShoreBank incorporated environmental conservation into its mission during the 1990s, helping develop a triple bottom line approach to banking, equally prioritizing profits, impact on people, and the impact of a project on the environment. At that time it established ShoreBank Pacific based in Portland, Oregon. ShoreBank accepted mission-based deposits from across the country through its Development Deposits program, launched in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mary Houghton
Mary Houghton is co-founder of ShoreBank, the largest and oldest community development bank. Houghton, along with Milton Davis, James Fletcher, and Ron Grzywinski purchased what was then South Shore Bank to fight redlining in the Chicago neighborhood. She retired as president in May 2010. Biography In the early 1980s, Houghton and Grzywinski worked with Muhammad Yunus of the Grameen Bank in Bangladesh (Yunus and Grameen Bank received the 2006 Nobel Peace Prize). From 1986 to 2001, Houghton served on the Board of Directors of Accion International. Houghton serves as a director of Vancity Community Investment Bank in Toronto and served as a director of the Calvert Foundation and Women's World Banking. She is a member of the Ashoka Global Academy for Social Entrepreneurship. Houghton received a B.A. ''cum laude'' from Marquette University and an M.A. in International Studies from Johns Hopkins University. In 2009, Houghton served as one of six selection committee members for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ron Grzywinski
Ron Grzywinski is a community development banker from Chicago, and one of four founders of ShoreBank. In May 2010 he retired as chair of ShoreBank Corporation and took the position of Advisor to the Board of Directors of ShoreBank Corporation. Early life and career Ron Grzywinski was born in 1936 in Chicago's South Chicago community area on the city's south side. His banking career began at the First National Bank of Lockport, and he moved to the Hyde Park Bank in 1967. In 1973, Ron and three colleagues (Milton Davis, James Fletcher, and Mary Houghton) purchased the South Shore Bank (eventually renaming it ShoreBank) in Chicago's South Shore, Chicago, South Shore neighborhood to fight redlining. It was America's first community development bank, and it has grown into what is, by most accounts, the most successful community development and microfinance institution in the country. The bank's successful combination of a social mission with profitability finds it frequently cited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tangail District
Tangail ( bn, টাঙ্গাইল জেলা) formerly a small Mohokuma of Greater Mymensingh district is a district (''zila'') in the central region of Bangladesh. In 1969, Tangail district was created by Tangail Mohokuma from its 237 square kilometers of its land and 3177 square kilometers of land from Mymensingh district. It is the largest district of Dhaka division by area and second largest by population (after Dhaka district). The population of Tangail zila is about 3.8 million and its area is . The main city of the district is Tangail. It is surrounded by Jamalpur District on the north, the Dhaka and Manikganj Districts on the south, the Mymensingh and Gazipur on the east, and the Sirajganj on the west. History Tangail was a part of Greater Mymensingh till 1969. Tangail was separated from Mymensingh District in order to subdue its dominance. Before the 6 Upazila event, Mymensingh District had a greater economic growth rate than the capital, Dhaka. A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
