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Guest Bengali: গ্রামীণ ব্যাংক

http://abcnews.go.com/Business/wireStory?id=10668766


Bank for the Poor Hopes to Teach Wall St a Lesson

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By Michelle Nichols
May 17, 2010

NEW YORK (Reuters) - Nobel Peace Prize-winner Muhammad Yunus opened a branch of his Grameen Bank in Manhattan on Monday, saying he hopes the big Wall Street banks just a subway ride away can learn from his success in granting small loans to the poor.

The nonprofit microfinance bank Grameen America has thrived with a loan repayment rate of more than 99 percent, said Yunus, an economist who founded Grameen Bank in his native Bangladesh in 1976 and won the Nobel Peace Prize in 2006.

Grameen America has been lending in the New York City borough of Queens since January 2008, while Wall Street's big banks have struggled to stay afloat with government bailouts after the global financial crisis exploded the same year.

"New York City is the world capital of banking," Yunus told a crowd of borrowers and supporters at the branch opening. "They do the banking for the whole world, but they don't do the banking for their neighbors, and we're here to show there's nothing wrong with doing banking with neighbors."

... [more]
614 days ago . Page:  micro credit program
Rolin张聪 Rolin's Connie's partner~

[I guess u know Connie]
1355 days ago . Page:  recent debate topics
ellaas excuse me, who's Rolin?

... anyway, welcome to our wiki. and please contribute
1366 days ago . Page:  recent debate topics
Rolin wonder ful~~~
1368 days ago . Page:  recent debate topics
ellaas 没事,我已经放到India里了~~~

你做的好好啊~~~~谢谢啦
1410 days ago . Page:  bureaucracy
zhangyijing ella姐姐,其实我是想弄到india里面去的,放错地方了,我知道我很白痴...你快把它删了吧...
1410 days ago . Page:  bureaucracy
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