ECONOMICS
CREDIT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Bhutan
|
|
|
Sri Lanka
|
|
|
Bangladesh
|
|
|
Nepal
|
Detailed explanation-1: -Professor Muhammad Yunus’ innovative experiment, through the Grameen Bank, has helped alleviate the poverty of millions of people in Bangladesh, by providing them with affordable credit.
Detailed explanation-2: -Grameen Bank (Bengali: ) is a microfinance organisation and community development bank founded in Bangladesh.
Detailed explanation-3: -GS is a subsidiary of Bangladesh’s Grameen Bank, a member-owned organization founded in 1976 that provides microcredit to its members. GS was founded in 1996, when only 16% of the 21 million households were covered by the national electric grid, to help provide renewables-based energy to rural households in Bangladesh.
Detailed explanation-4: -Answer. Answer: Grameen Bank is owned by the borrowers of the bank, most of whom are poor women. Of the total equity of the bank, the borrowers own 94%, and the remaining 6% is owned by the Bangladesh government .
Detailed explanation-5: -By establishing Grameen Bank in 1983, Muhammad Yunus sought to realise his vision of self-support for the very poorest people by means of loans on easy terms. The bank has since been a source of inspiration for similar microcredit institutions in over one hundred countries.