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Consider the following statements. Grameen Bank is
Which of the above is/are correct?
1 only
2 only
Both 1 and 2
None
Grameen Bank (GB) has reversed conventional banking practice by removing the need for collateral (security against which a loan is made, e.g. house) and created a banking system based on mutual trust, accountability, participation and creativity. Professor Muhammad Yunus, the founder of "Grameen Bank" and its Managing Director, reasoned that if financial resources can be made available to the poor people on terms and conditions that are appropriate and reasonable, "these millions of small people with their Explanation: Grameen Bank (GB) has reversed conventional banking practice by removing the need for collateral (security against which a loan is made, e.g. house) and created a banking system based on mutual trust, accountability, participation and creativity. Professor Muhammad Yunus, the founder of "Grameen Bank" and its Managing Director, reasoned that if financial resources can be made available to the poor people on terms and conditions that are appropriate and reasonable, "these millions of small people with their millions of small pursuits can add up to create the biggest development wonder.”millions of small pursuits can add up to create thebiggestdevelopment wonder.”
By: Pradeep Kumar ProfileResourcesReport error
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