Lakhasly

was studying economics at Chittagong University in southern Bangladesh, one of the poorest countries in the world.Today, the bank has over 9 million borrowers and over 2,500 branches in over 81,000 villages in Bangladesh.Loan recipients then resell the goods to supplement their income.

was studying economics at Chittagong University in southern Bangladesh, one of the poorest countries in the world. He and his students. They started a pilot project: they loaned small amounts of money to the poor. People used the money in their small businesses. For example, to buy straw to make stools. Until then, locals relied on local lenders who were not always fair.

Since then, the Grameen Bank model has been replicated in more than 100 countries. Today, the bank has over 9 million borrowers and over 2,500 branches in over 81,000 villages in Bangladesh. The bank also started a program to give poor people a loan of about $9 to buy small items such as bread, candy, pickles, and toys. Loan recipients then resell the goods to supplement their income. The bank reports it has lent $24 billion over the past 38 years and claims a repayment rate as high as 99.6 percent. Nowadays, Grameen banks are also found in developed countries. One hundred people in Queens, New York, were among Grameen Bank America's first borrowers. The total number of borrowers worldwide is 100 million.”

Mohammed Abdul Latif Jameel, businessman and philanthropist

Mohammed Abdul Latif Jameel has received many awards for his humanitarian work programme. One of ALculture