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[Author s Name][Professor s Name][Class]21 November 2007IntroductionThe issues of peace and want are non rare in contemporary decree It is even more surprising when s idlertness is not considered as a kindly limitation . Grameen Banks in Bangladesh hand sound out the brightest examples of how peace and poverty can be combined . Moreover , they lease arrive the start of the basal change not further in the commiting clay , just now in the overall system of social attitudes of the countryFilling the NeedMohammad Yunus and his Grameen Banks have become victorious through filling the urgent needs of the scummy in Bangladesh . The need was not only financial , and filling the financial needs has motivated other(a) revolutionary changes in the social structure of the poor layers of Bangladesh s society . fulfil financi al needs of the poor required Grameen deposits have become so successful . Mohammad Yunus has found the reliable inauguration of not only financing the poor , but providing them with self-reliance and whimsey in a happy tomorrow , which in its yield was reflected in the highest levels of refund (al roughly 98 (Dowla 22 The revolutionary changes in the social approaches towards buzzwording companying were primarily viewed in the everyday open inlet of the poverty layers to financing . The small sums they ask to fill their financial needs could not be forgetd by other extended banks moreover , many of the potential customers could not provide the bank with any kind of collateral (Yunus 192 . These problems were successfully resolved by the Grameen Banks , which have changed the philosophy of banking . The stellar payments were no longer the old concern of the bank employees they were rather pickings care for the eudaimonia of their customers (Yunus 196 This welfare is u ltimately the basis for the successful loan ! repayment Grameen s philosophy , though , does not speech communication any fortuity for the loans to be forgiven .

The customers find themselves in the cranial orbit of strict bank requirements and regulations , but in unanticipated conditions , the bank management is bendable enough to find the resolution , which is compromising for both parties (Mainsah Heuer 14 The transformation of the bank s philosophy has at rest(p) the long federal agency from providing credit to poor , to cornerstone responsible for alleviating poverty (Dowla 33 . This has become one of the non-negotiable bank s goalsGrameen Banks : Beyond Conventional BankingIt is transparent , that the concept of social large(p) in Grameen banks has reached far beyond the limits of traditional banking . The recent info indicates that the loan amount disbursed in 2005 was equal to 5025 .61 million , hold loan disbursed 415 .82 million , with 877 ,142 being bank s members (customers (Grameen Bank historical Data Series 1976-2005 . The chain of mountains of social banking promoted by Grameen banks seems to be unlimited . Moreover , the lag constantly finds itself in meddlesome for the new projects . One of the most prominent decisions was to open a Telecom company , which could provide the poor with an opportunity to have phone connection . Bangladesh is cognise for the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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