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Five Cents a Day: Innovative Programs for Reaching the Destitute with Microcredit, No-interest Loans, and other Instruments: The Experience of Grameen Bank Image

Promoting Inclusive Markets and Financial Systems

Five Cents a Day: Innovative Programs for Reaching the Destitute with Microcredit, No-interest Loans, and other Instruments: The Experience of Grameen Bank

Five Cents a Day: Innovative Programs for Reaching the Destitute with Microcredit, No-interest Loans, and other Instruments: The Experience of Grameen Bank

Summary

"There is substantial evidence that GB's poverty alleviation strategy through its credit operations have very quickly produced a positive impact on the lives of the poor in terms of higher income and empowerment of the poor rural women. Grameen Bank's operations had direct impacts on rural credit market, capital accumulation by the rural poor, income and employment generation, poverty alleviation, family size and empowerment of the poverty stricken rural poor, particularly the women from the landless households."

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