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Grameen Bank Essay

885 words - 4 pages

About Grameen Trust
Grameen Trust (GT) came into being in 1989 with the sole objective of turning the Grameen philosophy into reality by working alongside those struggling to remove poverty. Grameen Trust is committed to the cause of poverty alleviation, promoting the Grameen Bank Approach (GBA) and providing financial and technical support to Grameen Bank Replication Projects (GBRPs) worldwide. It also directly implements microcredit programs in areas where there is no sustainable microcredit project for the poorest. Grameen Trust has a lot of Donor Partners, such as Rockefeller Foundation, UNCDF, World Bank, USAID, UNHCR, Citigroup Foundation, Commonwealth Secretariat, Whole Planet ...view middle of the document...

Grameen Bank Replication Program (GBRP): The Grameen Bank Replication Program was launched in 1989 as a program of Grameen Trust, with the objective of participating in and contributing to the worldwide crusade against poverty. Under this program, GT supports and promotes GB replication projects all over the world.
2. Direct Implementation Program: A Build-Operate-Transfer (BOT)/Build-Operate-Manage (BOM)/Build-Operate-Own (BOO) project is the direct implementation approach to set up a microfinance program following the Grameen principle in a specific location in any country, which is poverty stricken, devastated by natural calamities or badly affected by civil war. BOTs and BOOs are set up in countries with difficult situations where GT has no partner organizations to support. GT identifies suitable branch locations, recruits staff, and begins microcredit operations in the chosen country. BOT/BOM/BOO projects drastically lower implementation time as well as training cost.

3. Project Dignity: With an intention of helping beggars lead lives with dignity and respect in the society, Grameen Trust has taken steps to replicate the Struggling Members Program of Grameen Bank, which has been exclusively designed for beggars. Grameen Trust is providing interest and collateral free flexible term microcredit to the members of Project Dignity through its partners.
4. Rehabilitation Program: In order to revive a poorly performing microcredit institution, Grameen Trust has introduced rehabilitation services for struggling MFIs. Under this program, GT deploys an experienced Grameen Bank staff who takes over all the responsibilities of the respective branch as the head of the branch. The Grameen resource person has the full authority for supervising and controlling all operations within the branch in order to rehabilitate the institution.

5. Tsunami Projects: After the...

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