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Venture of Grameen in America- Grameen America May 1, 2008

Posted by bdoza in BANGLADESH, ECONOMY, NGO, People, Yunus.
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Grameen Ammerica –Grameen’s first micro-finance operation in New York opens recently. Dr. Yunus inaugurates the first branch at Jackson Heights formally though the branch started to work since January 2008.

Grameen America will work as an independent microfinance organization and will not depend on Grameen for its operation though the operational methods will be that of Grameen.

The target population of GA is initially the low income groups of New York City that includes Bangladeshis and Hispanics. Both the groups, more the Hispanics already showed their interest in the microfinance operation. So far 200 families have taken loans from the bank.

The GA will gradually expand its branches to others parts of America. Dr. Muhammad Yunus is hopeful that microfinance will be accepted by people of America and will play important role to change the lot of people who have no collaterals.

GA will work on the concept of social business that the profit will be utilized for the development of the business itself and the dividends will not be needed to be given to the investors.

On the day of inauguration, Nobel Laureate Dr. Muhammad Yunus, MD of Grameen Bank and Father of microfinance was hugely acclaimed by the press and people. The scenario at the Jackson Height turned into a visit like that of a celebrity.

It is the first in the history that a Bank from Bangladesh has entered into the soil of America with a new concept and a new vision.

We hope that the venture of Grameen in America will be a happy and successful one.

An ordinary citizen

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1. Futbol Argentino Mexicano y espanol » Venture of Grameen in America- Grameen America - May 1, 2008

[…] lilyheart Escribio un articulo buenisimo hoyAqui hay un pedazo del articuloYunus innugurated the brach at Jacson Hieghts formally though the branch started to work since January 2008. Grameen America will work as an independent microfinance organization and will not depend on Grameen for its operation though … Lea el resto de este fabuloso articulo here Posted in Uncategorized Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL. […]

2. jonesy - May 2, 2008

A happy and successful adventure? In New York? Are you forgetting that the dogs who run the despicable American regime are worthless sacks of garbage who would love nothing more than to exploit your nation for all of reources? One day the proletariat revolution will make all our struggles worthwhile.

-jonesy

http://thejonesyreport.blogspot.com

3. annilkhan - June 16, 2008

Burning question: Has micro credit done a lot?
found a good article and book on micro credit and grameen
bank: http://microcredit-book.blogspot.com/
Contributors of this book are Doug Henwood, Patrick Bond, Bosse Kramsjo, Badruddin Umar, Susan F. Feiner and Durcilla K. Barker, Farooque Chowdhury, Robert Pollin, Gina Neff , Anu Mohammad, Omar Tareq Chowdhury.


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