Effectual Entrepreneurship, Third Edition

           

          Practically Speaking

          Grameen Bank – Part 2 - Principles & Practices

          The principles of this stakeholder-focused bank are logically the inverse of standard banking practices which serve shareholders. 

          Entity: Grameen Bank

          Country: Bangladesh

          Pages 404-406 in

          Chapter 23 Social Change and Markets in Human Hope (pp. 391 to 424)

          "In a presentation at Darden School of Business at the University of Virgina in 2004, Mohammed Yunus outlined the following principles and practices of Grameen Bank (GB), which were developed while building the bank.
          Looking back, he noted that almost all are the inverse of standard banking practices. Considering that traditional banks are ultimately built to serve shareholders, it is logical that Grameen Bank, built to serve those considered "unbankable," would take a very different approach, as summarized by Sarasvathy (2022, pp. 223-225):"

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