bb venture : stop global poverty
DESCRIPTION
Ethan KohLee Yan ChengNg Ka LamMark YeoTRANSCRIPT
MUHAMMED YUNUS
Muhummad Yunus is a Bangladeshi economist and founder of the Grameen Bank, an institution that provides small loans with no collaterals to help support those people in need financially
• They were living in harsh conditions and this is when Muhummad Yunus translated his vision to reality and started to take on measures to help these people suffering from poverty
He realises that actually a small amount of money rendered to these people in need creates a great impact to their life
Started his social business by borrowing money from different banks and gave it to those poor people. He ensured there was repayment by lending money to poor people in groups with each member being co-guarentors.
INTRODUCTION TO MUHUMMAD YUNUS
Wanted to put an end to those poor people suffering from poverty and stop them from borrowing from money lenders who charged them high interests in exchange.
• He was presented the Nobel Prize, instead of keeping the money to himself, he generously donated all of it to set up an eye care hospital and remaining to build a company that creates high nutrition food for the poor.
INTRODUCTION TO MUHUMMAD YUNUS
His Contributions & Impacts Ever since Grameen company has been set up,
many other sub comapanies of it has been created. E.g Grameen Phone, Grameen Agriculture Foundation etc…
The Village Phone project of Grameen Phone has brought cell-phone ownership to 260,000 rural poor in over 50,000 villages since the beginning of the project in March 1997.
Many other major projects such as Grameen Trust and Grameen Fund has all been created so as to improve the lifes of these people suffering in poverty.
History of their venture
1976, he was
inspired to set up a social
business by lending
poor people
money to help
improve their life.
By 1982, the bank
had 28,000
members
As of July 2007,
Grameen Bank has
issued US$ 6.38 billion
to 7.4 million borrowers
The Grameen Bank started to diversify in the late 1980 when
more companies are set up under
it’s name with the same motive.Timeline of the important happenings
that took place during the setting up of the Grameen Bank.
STOP GLOBAL POVERTY!MARK YEO
LEE YAN CHENGNG KA LAMETHAN KOH
Credits
http://en.wikipedia.org/wiki/Muhammad_Yunus#Questioning_
microfinance_.E2.80.93_the_.
E2.80.98loan_sharks.E2.80.99_issue
http://myhealing.wordpress.com/2010/01/01/muhammad-yun
us-inspiration-how-to-eradicate-poverty
/
grameenfoundation.wordpress.com