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Grameen Microfinance: An Evaluation Of The Successes And Limitations Of The Grameen Bank, Ana Maria Moreno Aug 2010

Grameen Microfinance: An Evaluation Of The Successes And Limitations Of The Grameen Bank, Ana Maria Moreno

Honors Theses (PPE)

The Grameen Bank has attracted worldwide attention by providing small loans to poor people across rural villages in Bangladesh. In 2006 the Nobel Committee awarded the Grameen Bank and its founder Professor Mohammad Yunus the Nobel Peace Prize for their, “efforts to create economic and social development from below.”[1] The Nobel committee asserted that microfinance is “an important liberating force and an ever more important instrument in the struggle against poverty.”[2] Since then, a global microfinance revolution has emerged and the Grameen Bank has been at the vanguard of this movement, showing the potential to alleviate poverty by ...