Microfinance: The Grameen and BRAC Experience

Two of the most widely recognized microfinance institutions in the world today are both located in Bangladesh: the Grameen Bank and BRAC. The Grameen Bank was founded by Mohammed Yunus in 1976. Since then, they have loaned nearly 13 billion US Dollars to almost 4.5 trillion borrowers. In November of 2012, the bank had 8.4 million active borrowers with more […]