Tag: Grameen Bank
-
Grameen UNIQLO will close its business in Bangladesh
“Given Bangladesh’s significant economic growth in recent years as well as changes in its business environment, we have determined that our company has played a certain role and have decided to cease our business activities,” the release said. stated in. In 2010, Fast Retailing Co. Ltd, the parent company of Grameen UNIQLO, launched a social…
-
Poor villagers are selling their organs to pay back micro credit
Garmeen bank and Mohammad Yunus won Nobel Peace prize for ground breaking micro credit initiative. Not only Grameen Bank BRAC, another NGO of Bangladesh is giving micro credit to the poor villagers. It is said that micro credit has eradicated poverty among one crore Bangladeshis. Some other small NGOs are also distributing microcredit among poor…
-
Grammeen Bank will be under Bangladesh Bank supervision
The Nobel prize winning Bank, Grameen Bank will be taken under Bangladesh Bank supervision. Finance minister Abul Maal Abdul Muhith said this after a cabinet meeting today. He said Grameen Bank Commission report will be available on 30th September, but he already knows what will be on the report. He is taking preparation in accordance…
-
Yunus reluctant to be WB chief
Nobel Laureate Prof Muhammad Yunus has pronounced he is not meddlesome in receiving a helm of a World Bank, as he wants to work during his reason up to amicable business. In a have a difference released yesterday, he, however, thanked Prime Minister Sheikh Hasina for proposing his name for a WB presidency. He described…
-
Use creativity, power of youth
Bangladesh must find ways to allow its young generation to come forward and take up the responsibility of solving various problems the country is facing, Nobel Peace Laureate Muhammad Yunus said yesterday. “They are the source of creativity and we are not using them,” he said while addressing a discussion. The microcredit pioneer made the…
-
Let Grameen Bank work productively
At her first meeting with Bangladesh Foreign Minister Dipu Moni in two years, US Secretary of State Hillary Clinton has conveyed her country’s concern over the Nobel Prize-winning Grameen Bank and the removal of its reputed managing director Prof Muhammad Yunus. In remarks before the meeting formally got under way on Wednesday at the State…
-
Yunus disturbed about GB future
Nobel laureate Muhammad Yunus has warned which Grameen Bank could run in to low difficulty if a supervision justification a law to take carry out of a microfinance bank founded by him. “If those amendments [proposed by a examination committee] come as well as a supervision penetrates a bank, it will not tarry unequivocally long,”…