Grameen Fund is a not-for-profit company in

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

established by Muhammad Yunus to provide

risk capital A capital requirement (also known as regulatory capital, capital adequacy or capital base) is the amount of capital a bank or other financial institution has to have as required by its financial regulator. This is usually expressed as a capital a ...

small and medium enterprise Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank ...

s (SME) beyond the scope of

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 requi ...

's objectives of providing

microcredit :''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayme ...

to the very poor.Grameen Fund page on Grameen official website
/ref>Grameen Fund: Profile
, Community investment Profile, Calvert Foundation; ''Retrieved: 4 September 2007'' Incorporated on 17 January 1994, Grameen Fund started operation in February 1994, inheriting 40 projects of Grameen bank with assets of 391 million Bangladeshi taka investmented in small industries, fisheries and agriculture.Bangladesh: Private Sector Foundations
, Philanthropy and the Third Sector, Asia Pacific Philanthropy Consortium; ''Retrieved: 4 September 2007'' Its lending capital is provided by Grameen Bank and other institutions like Calvert Foundation. From the first Calvert Foundation investment, approximately 6,000 permanent jobs have been created or maintained in agriculture, engineering, poultry, dairy, fishery, and handicrafts sectors.Grameen Fund: Impact
, Community investment Profile, Calvert Foundation; ''Retrieved: 4 September 2007'' As of 2007, it invested equity worth $1.0 million in 13 joint ventures and financed 1763 small and micro enterprises in Bangladesh, especially in technology-oriented industries, by providing collateral-free fixed and working capital loans. It has provided capital loans to other Grameen family organisations including Grameen Motsho, Grameen Krishi Foundation, Grameen Uddog, Grameen Babsha Sheba Limited, Polli Dushtha Bio Centre, Gonoshasthya Grameen Textile and Grameen Securities Management Limited. Till 30 August 2006, it disbursed taka 135.5 to 1257 projects in the Grameen Bank network.Grameen Fund Statistics
, Grameen Fund website; ''Retrieved: 10 September 2007'' During the

fiscal year A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many ...

2006, 219 loans were made for a total of US$362,174, including 216 microenterprise loans and 3 small business loans. Of the micro enterprises, 21 was for minority-owned businesses, and 3 for women-owned businesses. Its stated objective is to create a mechanism to support untested business that shows promises of good return or employment generation by filling in the venture capital gap. The four programs of the Fund are – Venture/ Equity Financing Scheme, Micro Enterprise Loan Scheme, Loan Financing, and Time Deposit Loan Scheme.Grameen Fund: Programs
Social Funds, Community Investment Center; ''Retrieved: 4 September 2007''

Equity projects

Grameen Fund runs a number of ventures as private entrepreneurships, including Grameen Capital Management Limited, Grameen CyberNet Limited (GCL), Grameen Bitek Limited, Grameen Solutions Limited (previously known as Grameen Software), Grameen IT Park Limited (also known as DataEdge), Grameen Star Education Limited (which started Grameen-Daffodil IT Education Limited, Grameen Knitwear Limited, GlobeKids Digital Limited, and Rafiq Autovan Manufacturing Industries Limited.

Grameen Mutual Fund One

Grameen Mutual Fund One is a team-managed all-weather closed-end balanced mutual fund enlisted at

Dhaka Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city ...

and Chittagong Stock Exchanges. Grameen Fund is the sponsor and

trustee Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility to t ...

of the fund, while

Standard Chartered Bank Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around ...

is the custodian and Asset & Investment Management Services of Bangladesh Limited (AIMS) is the

asset manager Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

Grameen CyberNet

Grameen CyberNet Limited is an internet content, solution and service provider in Gulshan,

founded in July 1996 by Dr. Muhammad Yunus and Golam Mohiuddin, an entrepreneur promoting

Apple Inc. Apple Inc. is an American multinational technology company headquartered in Cupertino, California, United States. Apple is the largest technology company by revenue (totaling in 2021) and, as of June 2022, is the world's biggest company b ...

in Bangladesh, as a joint venture between Grameen Fund, the venture capital arm of

, and CITech Limited, Mohiuddin's enterprise. , it provided a full suite of cost-effective business class network services, designed to meet the high communication service standards and evolving needs of large business to over 30,000 clients in various sectors.

Grameen Knitwear

Grameen Knitwear Limited was established as an export-oriented composite knitwear factory, in the Export Processing Zone in Savar,

. It has knitting, dyeing, finishing and garments production facilities.

References

External links

Grameen Fund equity projects
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Calvert Social Investment Foundation
Financial services companies of Bangladesh Rural development in Bangladesh Non-profit organisations based in Bangladesh