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You're looking for information on Grameen Company, a pioneering microfinance organization founded by Muhammad Yunus in Bangladesh. Here's some key information:

What is Grameen Company?

Grameen Company, also known as Grameen Bank, is a microfinance organization that provides financial services to the poor, particularly women, in rural Bangladesh. The organization was founded in 1983 by Muhammad Yunus, a Bangladeshi economist and Nobel laureate, with the goal of reducing poverty by providing access to credit, savings, and other financial services.

Mission and Objectives

Grameen Company's mission is to empower the poor, especially women, by providing them with financial services and promoting entrepreneurship, self-employment, and economic development. The organization's objectives include:

  1. Providing access to credit to the poor, particularly women, to help them start or expand their businesses.
  2. Promoting entrepreneurship and self-employment among the poor.
  3. Reducing poverty and improving the living standards of the poor.
  4. Empowering women and promoting gender equality.

Services

Grameen Company offers a range of financial services, including:

  1. Microcredit: Providing small loans to the poor, particularly women, to help them start or expand their businesses.
  2. Savings: Encouraging savings among the poor and providing them with a safe and accessible place to save their money.
  3. Insurance: Offering life insurance and other types of insurance to protect the poor from unexpected events.
  4. Remittances: Providing a safe and convenient way for migrant workers to send money back to their families.

Impact

Grameen Company has had a significant impact on the lives of millions of people in Bangladesh and around the world. Some of the key statistics include:

  1. Over 9 million borrowers: Grameen Company has over 9 million borrowers, mostly women, who have taken out loans to start or expand their businesses.
  2. $24 billion in loans: The organization has disbursed over $24 billion in loans since its inception.
  3. 97% repayment rate: Grameen Company has a remarkable 97% repayment rate, which is a testament to the organization's effective lending practices and the borrowers' commitment to repaying their loans.
  4. Poverty reduction: Grameen Company's efforts have contributed to a significant reduction in poverty in Bangladesh, with the poverty rate declining from 44% in 1991 to 21% in 2016.

Awards and Recognition

Grameen Company has received numerous awards and recognition for its innovative approach to microfinance and its impact on poverty reduction. Some of the notable awards include:

  1. Nobel Peace Prize (2006): Muhammad Yunus and Grameen Bank were awarded the Nobel Peace Prize for their efforts to create economic and social development through microcredit.
  2. Skoll Award for Social Entrepreneurship (2007): Grameen Company received the Skoll Award for Social Entrepreneurship for its innovative approach to microfinance.
  3. Ramon Magsaysay Award (1984): Muhammad Yunus was awarded the Ramon Magsaysay Award for his work in promoting entrepreneurship and economic development among the poor.

Overall, Grameen Company is a pioneering organization that has made a significant impact on the lives of millions of people around the world. Its innovative approach to microfinance and its commitment to empowering the poor have inspired countless others to work towards a more equitable and prosperous world.