"Founded in Bangladesh by Muhammad Yunus, a professor of economics, Grameen Bank has revolutionized the concept of banking for the poor, transforming it into a vehicle for societal upliftment.

A Small Loan Becomes a Business
Yunus's journey to establishing Grameen Bank began during a famine in Bangladesh in 1974. Struck by the stark contrast between the classroom theories of economics and the grim realities of poverty, Yunus lent a small amount of money to a group of impoverished artisans. This act laid the groundwork for what would later become Grameen Bank.
Grameen Bank's business model proves that a bank can make profits while building communities. Unlike traditional banks that rely on collateral for loans, Grameen extends credit based on trust and future cash flows. This revolutionary approach is grounded in the belief that even the poorest of the poor can be bankable if given the opportunity."