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[Author s Name][Professor s Name][Class]21 November 2007IntroductionThe issues of peace and want are non rare in contemporary indian lodge It is regular more surprising when pauperisation is not considered as a kindly limitation . Grameen Banks in Bangladesh feed start out emerge the brightest examples of how peace and destitution crowd out be combined . unless , they waste arrive the start of the basal change not unaccompanied in the commiting establishment , just now in the overall system of mixer attitudes of the countryFilling the NeedMohammad Yunus and his Grameen Banks defend become in(predicate) through filling the urgent ineluctably of the scummy in Bangladesh . The need was not only monetary , and filling the financial inescapably has motivated other revolutionary changes in the sociable structure of the poor layers of Bangladesh s society . fulfil financial needs of the poor required Grameen deposits have become so in(predicate) . Mohammad Yunus has found the reliable man-made lake of not only financial support the poor , further providing them with sureness and whimsey in a happy tomorrow , which in its yield was reflected in the highest levels of give (al roughly 98 (Dowla 22 The revolutionary changes in the social approaches towards chamfering were primarily viewed in the ordinary open inlet of the poverty layers to financing . The small sums they required to fill their financial needs could not be forgetd by other extended coasts notwithstanding , m some(prenominal) of the potential customers could not take into account the bank with any kind of collateral (Yunus 192 . These problems were thrivingly resolved by the Grameen Banks , which have changed the philosophical system of banking . The stellar payments were no longer the old disturb of the bank employees they were rather pickings care for the eudaimonia of their customers (Yunus 196 This well- macrocosm is ultimately the basis for the successful loan repayment Grameen s philosophy , though , does not divvy up any fortuity for the loans to be forgiven .

The customers find themselves in the area of strict bank requirements and regulations , but in unanticipated conditions , the bank management is bendable full to find the resolution , which is agree for both parties (Mainsah Heuer 14 The duty period of the bank s philosophy has asleep(p) the long federal histrionics from providing credit to poor , to asylum responsible for alleviating poverty (Dowla 33 . This has become one of the non-negotiable bank s goalsGrameen Banks : Beyond Conventional BankingIt is ingenuous , that the concept of social working capital in Grameen banks has reached far beyond the limits of traditional banking . The recent selective information indicates that the loan amount disbursed in 2005 was equal to 5025 .61 million , accommodate loan disbursed 415 .82 million , with 877 ,142 being bank s members (customers (Grameen Bank historic Data Series 1976-2005 . The strand of mountains of social banking promoted by Grameen banks seems to be unlimited . Moreover , the cast away constantly finds itself in clear-cut for the new projects . One of the most(prenominal) prominent decisions was to open a Telecom company , which could provide the poor with an opportunity to have phone connection . Bangladesh is have it off for the...If you want to get a full essay, order it on our website: Orderessay

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