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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 requi ...
into a multi-faceted group of profitable and non-profit ventures, established by Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. Most of these organizations have central offices at the Grameen Bank Complex in Mirpur, Dhaka, Bangladesh. The Grameen Bank started to diversify in the late 1980s when it started attending to unutilized or underutilized fishing ponds, as well as irrigation pumps like deep tubewells.Introduction
, Muhammad Yunus, Grameen Family; ''Retrieved: 2007-09-07''
In 1989, these diversified interests started growing into separate organizations, as the fisheries project became Grameen Fisheries Foundation and the irrigation project became Grameen Krishi Foundation. These ventures include Social Advancement Fund (SAF), Grameen Trust, Grameen Telecom Trust, Grameen Fund, Grameen Communications, Grameen Shakti (Grameen Energy), Grameen Telecom, Grameen Shikkha (Grameen Education), Grameen Mothsho Foundation, Grameen Krishi Foundation, Grameen Baybosa Bikash (Grameen Business Development), Grameenphone, Grameen Software Limited, Grameen CyberNet Limited, Gonoshasthaya Grameen Textile Mills Limited, Grameen Capital Management Limited, Grameen Knitwear Limited, Grameen Mutual Fund One,
Grameen Kalyan 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 requiri ...
(Grameen Well-being), Grameen Shamogree (Grameen Products), Grameen Danone Foods (joint venture with Groupe Danone) and Grameen Uddog (Grameen Enterprise, owner of the brand Grameen Check).


Grameen Bank

The Grameen Bank is a
microfinance Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...
organization and community development bank started in Bangladesh that makes small loans (known as
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 impoverished without requiring
collateral Collateral may refer to: Business and finance * Collateral (finance), a borrower's pledge of specific property to a lender, to secure repayment of a loan * Marketing collateral, in marketing and sales Arts, entertainment, and media * ''Collate ...
. The system is based on the idea that the poor have skills that are underutilized. The bank also accepts deposits, provides other services, and runs several development-oriented businesses including fabric, telephone and energy companies. The organization and its founder, Muhammad Yunus, were jointly awarded the Nobel Peace Prize in 2006.


Grameen Trust

Grameen Trust (GT), a non-profit and non-government organization established in 1989 uses
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 ...
as a tool for fighting poverty and follows the
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 ...
approach for the purpose. It supports and promotes poverty focused microcredit programs all over the world under its Grameen Bank Replication Program (GBRP) through a number of ways - dialogue programs for potential replicators, training and technical assistance to replication projects, funding selected projects, and monitoring performance. Grameen Trust funds are provided in two forms - seed capital and scaling up fund.Bangladesh: Private Sector Foundations
, Philanthropy and the Third Sector, Asia Pacific Philanthropy Consortium; ''Retrieved: 2007-09-04''
As of August 2007, it has provided support to 138 replication partners in 37 countries of the world. Under the ''Build, Operate and Transfer'' (BOT) program, the Trust directly implements the projects to respond to the need for immediate and rapid implementation of poverty focused microfinance programs. Grameen Trust hosts the Grameen Global Network (GGN) and publishes the ''Grameen Dialogue'' newsletter to promote the cause of microcredit movement. To implement the replication program, it received funds from the MacArthur Foundation, United Nations Capital Development Fund (UNCDF), Deutsche Gesellschaft für Technische Zusammenarbeit (German Technical Cooperation or GTZ), United States Agency for International Development (USAID), United Nations High Commissioner for Refugees (UNHCR),
United Nations Office for Project Services The United Nations Office for Project Services (UNOPS) is a United Nations agency dedicated to implementing infrastructure and procurement projects for the United Nations System, international financial institutions, governments and other partne ...
(UNOPS), the Citigroup Foundation, the World Bank and Ford Foundation.


Grameen Fund

Grameen Fund is a not-for-profit company in Bangladesh established 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 ...
to
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 to the very poor.Grameen Fund: Profile
, Community investment Profile, Calvert Foundation; ''Retrieved: 2007-09-04''
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 investments in small industries, fisheries and agriculture. 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.


Grameen Telecom

Grameen Telecom (GTC) is a not-for-profit company in Bangladesh established with a partial stake in
Grameen Phone Grameenphone, widely abbreviated as (d/b/a) GP, is the leading telecommunications service provider in Bangladesh, with 83.02 million subscribers (as of January 2022). It is a joint venture between Telenor and Grameen Telecom Corporation. Tel ...
(GP). GTC has driven the pioneering GP program of
Village Phone Grameen Telecom (GTC) is a "Private Limited Company" by guarantee in Bangladesh established by Muhammad Yunus with a partial stake in Grameen Phone (GP). GTC has driven the pioneering GP program of Village Phone that enables rural poor to own a c ...
that enables rural poor to own a cell-phone and turn it into a profit making venture. The vision behind the village phone program was formulated by
Iqbal Quadir Iqbal Z. Quadir ( bn, ইকবাল জেড. কাদীর) is an entrepreneur and promoter of the role of entrepreneurship and innovations in creating prosperity in low-income countries. He has taught at Harvard Kennedy School and at Mas ...
who was convinced that a mobile phone could become a source of income generation. Quadir worked with Professor Yunus and the Norwegian company
Telenor Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, ...
to make the program a reality. Currently Grameen Telecom provides mobile phones among the villagers of the country.


Grameenphone

Grameenphone is a GSM-based cellular operator in Bangladesh and market leader with more than 50% of the Bangladeshi market share. Grameenphone started operations on March 26, 1997. It is partly owned by
Telenor Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, ...
(62%) and Grameen Telecom (38%). It has more than 10 million customers as of December 2006. It is also the fastest growing cellular telephone network in Bangladesh. At the end of 2005, it had about 3500
base station Base station (or base radio station) is – according to the International Telecommunication Union's (ITU) Radio Regulations (RR) – a "land station in the land mobile service." The term is used in the context of mobile telephony, wireless com ...
s around the country with plans to add about 500 in the following six months. Grameenphone's stated goal is to provide cost-effective and quality cellular services in Bangladesh.


Grameen Solutions Limited

Grameen Solutions Limited (GSL) is a software development company.


Grameen Communications

Grameen Communications (GC) is a not-for-profit information technology company established in Bangladesh in 1997, with a portfolio that includes software products and services, internet services, hardware & networking services and IT education. The life of the company began as an IT support unit under Grameen Trust in 1994.Official website
, Grameen Communication; ''Retrieved: 2007-09-04''
Besides providing IT support to various Grameen family organizations it in charge of developing systems for organizations like CASHPOR Financial and Technical Services Private Limited (CFTS) in Mirzapur District, Uttar Pradesh, India, CMC in UIndia, Swayam Krishi Sangham (SKS) in Hyderabad, India, Grameen Koota in Bangalore, India, Moris Rasik in East Timor, Ganesha Foundation in
Jakarta Jakarta (; , bew, Jakarte), officially the Special Capital Region of Jakarta ( id, Daerah Khusus Ibukota Jakarta) is the capital and largest city of Indonesia. Lying on the northwest coast of Java, the world's most populous island, Jakarta ...
, Indonesia, and Ahon sa Hirap Inc. (ASHI) in Manila, Philippines. The company has developed the Village Computer and Internet Program (VCIP) to set up a number of multipurpose ''Cyber Kiosks'' in rural areas using different connectivity solutions for information access, communication and IT education. The first VCIP was established in a room rented from the Grameen bank at
Madhupur Upazila Madhupur ( bn, মধুপুর) is an upazila of Tangail District in the Division of Dhaka, Bangladesh. Geography Madhupur is located at . It has 74984 households and total area of 500.67 km2. It has a large forest area named 'Madhupurer ...
, which is connected through microwave link to the VSAT at Grameen Communications office 160 km away in Dhaka.Grameen Communications' Village Computer and Internet Program (VCIP)
, Publications and Analysis, Digital Dividends; ''Retrieved: 2007-09-04''
Two others were established at
Sarishabari Upazila Sarishabari ( bn, সরিষাবাড়ী) is an upazila of Jamalpur District in the Division of Mymensingh, Bangladesh. Geography Sarishabari is located at . It has 58,254 households and total area 263.48 km2. Demographics According ...
and Mirzapur Upazila. A partner of International Development Research Centre (IDRC) initiative Pan Asia Networking (PAN), GC is also developing a program with Digital Divide Data of United States to provide data entry jobs for rural Bangladeshis.


Grameen Fisheries and Livestock Foundation

Grameen Fisheries and Livestock Foundation or Grameen Motsho O Pashusampad Foundation (GMPF), a non-profit organization, was founded as Grameen Fisheries Foundation or Grameen Motsho Foundation (GMF), in February 1994 to mitigate poverty through
aquaculture Aquaculture (less commonly spelled aquiculture), also known as aquafarming, is the controlled cultivation ("farming") of aquatic organisms such as fish, crustaceans, mollusks, algae and other organisms of value such as aquatic plants (e.g. lot ...
& fisheries, as well as an integrated fish-crop-livestock and dairy development farming system. The mandates of the organization are to provide rural landless poor, especially women, to gain access to common resource properties; replace exploitation with community empowerment; replace stagnation with social and economic growth; replace traditions with modernity; provide women with legal and gender rights; and to provide food security and sustainable livelihood.


Grameen Shakti

Grameen Shakti (GS) is a renewable energy social enterprise established in 1996 to promote, develop and popularize renewable energy technologies in remote, rural areas of Bangladesh.Grameen Shakti page on Grameen official website
/ref>Grameen Shakti official website
/ref> It is a part of the Grameen family founded to take the
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 ...
objective of alleviating poverty for the extreme poor through microcredit. Grameen Shakti into one of the largest and fastest-growing renewable energy companies in the world. GS trained its engineers to be ‘social engineers’ who go from door-to-door to demonstrate the effectiveness of renewable energy. GS trained local youth as technicians to ensure that people would have efficient and free after-sales service right on their doorstep.
Grameen Shakti The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. Most of these organization ...
is the leading company on renewable energy in Bangladesh and one of the fastest growing solar energy companies in the world. As of December 2010
Grameen Shakti The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. Most of these organization ...
has installed 25MWp solar system. Beside these,
Grameen Shakti The Grameen family of organizations has grown beyond Grameen Bank into a multi-faceted group of profitable and non-profit ventures, established by Muhammad Yunus, the Nobel Peace Prize winning founder of Grameen Bank. Most of these organization ...
have installed solar mobile charging van, Solar lighting Boat, Solar emergency Lighting, Solar water Purifier, solar power telecom systems, Off grid power supply system and also nowadays they are encouraging urban people to use hybrid solar- National grid system with low price. In 2007, Grameen Shakti was honoured with a
Right Livelihood Award The Right Livelihood Award is an international award to "honour and support those offering practical and exemplary answers to the most urgent challenges facing us today." The prize was established in 1980 by German-Swedish philanthropist Jakob v ...
for "bringing sustainable light and power to thousands of Bangladeshi villages, promoting health, education and productivity." He has also won two
Ashden Awards Ashden is a London-based charity that works in the field of sustainable energy and development. Its work includes the annual Ashden Awards, advocacy and research in the field of sustainable energy, and mentoring and practical support for award wi ...
, in 2006 and 2008.


Grameen Shikkha

Grameen Shikkha or Grameen Education was established in 1997 to promote mass education in rural areas, provide financial support in the form of loans and grants for the purpose of education, use IT for alleviation of illiteracy and development of education, promote new technologies and innovate ideas and methods for development of education. It also conducts Life the Oriented Education Program, the Pre-school/Child Development Program, the Early Childhood Development Program and the Arsenic Mitigation Program.


Grameen Byabosa Bikash

Grameen Byabosa Bikash (GBB) or Grameen Business Promotion and Services was established in 1994 as a social business and not-for-profit organization to provide supplementary services on top of microcredit to rural entrepreneurs dealing in products like vegetables, livestock or handicrafts to provide experience, skill and knowledge.


Grameen Danone Foods

Grameen Danone Foods was launched in 2006 as a joint venture between Grameen Bank and the French food company Groupe Danone. Grameen Danone's first product is a fortified yoghurt, branded Shoktidoi, which is designed to provide children with many of the key nutrients that are typically missing from their diet in rural Bangladesh. A crucial aspect of the joint venture is the overarching business goal: although Grameen Danone Foods is a profit-making company, social impact, rather than financial profit, is the number one measure of success.


Grameen America

Grameen America is a microfinance organization with a mission to alleviate poverty through entrepreneurship. Grameen America provides loans, savings programs, credit establishment and other financial services to the working poor, especially women, in the United States.


Grameen Foundation USA

The Grameen Foundation USA works to replicate the Grameen Bank model of microfinance around the world through a network of partner microfinance institutions.


References


External links


Grameen FoundationGrameen Telecom TrustLCG Sub-Group on Women Advancement and Gender Equality (WAGE)Enlisted Trade OrganizationsMicrofranchises as a Solution to World PovertyCooperating with perspective
Joysagar Grameen Motsho project case study
List of Non-government Organizations Participating in Japan Fund for Poverty Reduction Projects

Grameen Shakti



Grameen America
{{DEFAULTSORT:Grameen Family Of Organizations Conglomerate companies of Bangladesh Rural community development