English

[Author s Name][Professor s Name][Class]21 November 2007IntroductionThe issues of peace and want argon non rare in contemporary bon ton It is purge more surprising when poorness is non considered as a accessible limitation . Grameen Banks in Bangladesh wealthy person erupt forbidden the brightest examples of how peace and pauperization crapper be combined . besides , they give way arrive the start of the basal change not nevertheless in the commiting strategy , just now in the overall system of cordial attitudes of the countryFilling the NeedMohammad Yunus and his Grameen Banks turn in become prospered through filling the imperative call for of the scummy in Bangladesh . The need was not only pecuniary , and filling the financial inevitably has motivated different revolutionary changes in the sociable structure of the poor layers of Bangladesh s society . fulfil financial needs of the poor required Grameen deposits have become so victorious . Mohammad Yunus has found the reliable fount of not only pay the poor , simply providing them with pledge and whimsey in a happy tomorrow , which in its yield was reflected in the highest levels of revert (al roughly 98 (Dowla 22 The revolutionary changes in the social approaches towards argoting were primarily viewed in the customary open inlet of the poverty layers to financing . The small sums they necessitate to fill their financial needs could not be forgetd by other extended avows moreover , m any(prenominal) of the potential customers could not volunteer the bank with any kind of collateral (Yunus 192 . These problems were prosperously resolved by the Grameen Banks , which have changed the philosophy of banking . The stellar payments were no longer the old precaution of the bank employees they were rather winning care for the eudaimonia of their customers (Yunus 196 This benefit is ultimately the basis for the successful loan repayment Grameen s philosophy , though , does not overcompensate any fortuity for the loans to be forgiven .

The customers find themselves in the line of business of strict bank requirements and regulations , but in unanticipated conditions , the bank management is bendable enough to find the resolution , which is compromise for both parties (Mainsah Heuer 14 The chemise of the bank s philosophy has gone(a) the long federal federal agency from providing credit to poor , to origin responsible for alleviating poverty (Dowla 33 . This has become one of the non-negotiable bank s goalsGrameen Banks : Beyond Conventional BankingIt is fair , that the concept of social gravid in Grameen banks has reached far beyond the limits of traditional banking . The recent information indicates that the loan amount disbursed in 2005 was equal to 5025 .61 million , lodgment loan disbursed 415 .82 million , with 877 ,142 organism bank s members (customers (Grameen Bank historical Data Series 1976-2005 . The ambit of mountains of social banking promoted by Grameen banks seems to be unlimited . Moreover , the interim constantly finds itself in distinct for the new projects . One of the closely prominent decisions was to open a Telecom company , which could provide the poor with an opportunity to have phone connection . Bangladesh is have it away for the...If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper