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Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
3 / 739 |
Essay's paper body
women
2. Borrowers are organized into small homogenous groups:
? Group Solidarity:
? All are of the same social status.
3. They have special loan conditionality:
? Small loan without collateral
? Repayment in weekly installments
? Eligibility for subsequent loan depends upon repayment
? Individual chosen and given income generating skills
? Close supervision
? Borrowers are backing there loan for collective responsibility (social pressure)
4...
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Compulsory Saving:
? Saving is compulsory on all the beneficiaries of Grameen Bank.
5. Transparency:
? Transparence is strictly practiced by Grameen Bank.
Method of action
The Grameen Bank's Method of action can be illustrated by the following principles:
1. Start with the problem rather than the solution: a credit system must be based on a survey of the social background rather than on a pre-established banking technique...
Essay fragment
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