Date:08/09/2011

Rural Development

of of

Grameen Bank

Md. Ashikuer Rahaman

Lecturer of Bachelor of BusinessLecturer of Bachelor of Business

Administration

World University of Bangladesh (WUB)

Md. Shariful Islam (Shishir)

ID: wub01/09/25/966

Roll: 966Roll: 966

Semester: 7th

Batch: 25th (A)

Program: BBA

World University of Bangladesh (WUB)

Grameen Bankwas started in 1976 by Muhammad Yunus as an experimental project to combat rural poverty by providing credit to the very poor in 1983 Grameen Bank became established as a formal bank which provides small, collateral-free credit to rural poor rural people credit to rural poor rural people mainly women, for income-generating activities. As of July, 2005, Grameen Bank disbursed $5.0 billion in loans to 5.0 million borrowers, 96 per cent of them women, with a repayment rate of 99%. It June 2005 it Lents out about $ 2.5 million-a-day (working day) in tiny loans averaging around $130.

The main objective of Grameem Bank isdeveloping our rural area by proper use ofits key element.

� According to World Bank (2006), “Rural development is a strategy designed to improve the economic and social life of a specific group of people-the rural poor.”the economic and social life of a specific group of people-the rural poor.”

Most of the people in Bangladesh live in village. More than 50% of the country's GDP comes from the rural sector. Development of this sector is thus crucial for national development.

For a country like Bangladesh, rural developmentis important. The reason behind this is that most ofthe people of the country are living in the villages.There is a direct link between the rural developmentThere is a direct link between the rural developmentand the development of our national economy. Therural sectors contribute about two-thirds of theGDP. We can achieve our cherished goal of financialdevelopment by the development of our villageswhich hold the key to our success.

� Poverty alleviation and raising the living standards of the rural poor;

� Equitable distribution of income and wealth;

� Wider employment opportunities; Participation of the local people in planning, Wider employment opportunities; Participation of the local people in planning, decision-making, implementation process, benefit sharing, evaluation of rural development programmes, and

� Empowerment' or more economic and political power to the rural masses to control the use and distribution of scarce resources.

1. Housing For the Poor

Grameen Bank introduced housing loan in 1984 It became a very attractive programme for the borrowers . so our rural area will be developed.

Microcredit”mean agricultural credit, or rural credit, orcooperative credit, orconsumer credit, credit from the savings and loan associations, or from credit unions,or from money lenders. When someone claims microcredit has athousand yearhistory, or a hundred year history, nobody finds it as an exciting piece of historicalinformation.

� Bamboo Works

� Handicraft work work.

� Cow Fattening

� Goatfatteningwork.

� Poultry farming

� Weaving work

Grameen Communications is one of the largest IT-based solutionproviders in Bangladesh, concentrated on Micro Finance Softwaredevelopment, Implementation, Hardware Support,Training andProject Support relating to Rural Development

� The higher education loan programme wasintroduced in 1997 for the children of Members ofGrameen Bank so that they can pursue education atthe highest level. Since its inception, the programmehas distributed 20,886 loans amounting to Tk. 621.42million (US$ 9.41 million). During 2007, 7,205 studentshas distributed 20,886 loans amounting to Tk. 621.42million (US$ 9.41 million). During 2007, 7,205 studentswere sanctioned higher eduction loans. Khulna zonehas the most number of students (1,805) receivingHigher Education Loans, with Jessore Zone second(1,324). The Atalia Dumuria Branch under KhulnaZone has given the highest number of student loans(106).

Degree/Discipline Number Amount (Taka)

Masters (General) 960 18,835,488

Bachelor degree (Honours) 18,664 566,235,905

MBA 50 1,188,925

BBA 203 5,318,800

Up to December, 2007

BBA 203 5,318,800

B. Sc. (Engineering) 420 11,264,305

M. Sc. (Agriculture) 63 1,709,600

B. Sc. (Agriculture) 292 8,465,925

Degree in Medicine 234 8,405,375

Grameen Bank has 31 network, some of them are follow bellow.

1) Grameen Fisheries :

Grameen Fisheries Foundation (GMF) was created by Grameen Bank as a non-profit organization in February, 1994 to mitigate poverty organization in February, 1994 to mitigate poverty through aquaculture & fisheries activities

Grameen Telecom (GTC) was established in 1995 as a not-for-profit company established by Dr. Muhammad Yunus for improving the standard of living and eradication of poverty from rural Bangladesh with the help of Grameen Bank.GTC owns 38% share in GrameenPhone (GP) and it's dedicated for development of ICT in rural Bangladesh.The Company's unique product the Village Phone (VP) program commenced on 26 March 1997 .3) Grameen Communications(1997)

It has been providing complete systems solution through developing software products and services, internet services, hardware & networking services and IT education services since its inception in

2) Grameen Telecom (GTC)

& networking services and IT education services since its inception in 1997 under the Companies Act, 1994

4) Grameen Trust (1989)

As a result of the success of Grameen Bank in reaching and serving the poor with credit, many people and organizations began to think in Grameen's way.

5) Grameen Shakti/Energy (1996)

Grameen Shakti (GS) is a not-for-profit rural power company whose purpose is to supply renewable energy to unelectrified villages in Bangladesh. GS expects not only to supply renewable energy services, but also to create employment and income-generation opportunities in rural Bangladesh.

6) Grameen Knitwear Limited (1997)

This company is a 100% export oriented composite knitwearfactory, located in the Export Processing Zone in Savar in thevicinity of Dhaka, the capital of Bangladesh. It has knitting,dyeing, finishing and garments production facilities. that createsrural development

7) Grameen Kalyan:

GRAMEEN KALYAN is a “not for profit” company establishedin 1996 under the Companies Act, 1994 of Bangladesh. GK is alsoregistered under the Foreign Donation (Voluntary Activities)Regulation Ordinance, 1978 from NGO Affairs Bureau ofRegulation Ordinance, 1978 from NGO Affairs Bureau ofBangladesh for developing our rural area by improving education,health, technology & other things.

� Loans of Grameen Bank for developing rural condition

� Loans Paid Off At Death

� Life Insurance

� Deposits

� Pension Fund for Borrowers

� Loan Loss Reserve

� Retirement Benefits Paid Out

� Getting Elected in Local Bodies

� Computerised MIS and Accounting System

ASA10% Other

9%

Contribution

Grameen Bank58%

BRAC23%

Thanks of All

ForFor

being with me