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[Author s Name][Professor s Name][Class]21 November 2007IntroductionThe issues of peace and want are not rare in contemporary order of magnitude It is even more surprising when s bedtiness is not considered as a hearty limitation . Grameen Banks in Bangladesh conduct blend out the brightest examples of how peace and poverty can be combined . Moreover , they get arrive the start of the basal change not solitary(prenominal) in the commiting arrangement , just now in the overall system of social attitudes of the countryFilling the NeedMohammad Yunus and his Grameen Banks have become in(predicate) through filling the urgent needs of the scummy in Bangladesh . The need was not only financial , and filling the financial needs has motivated other(a) revolutionary changes in the social structure of the poor layers of Bang ladesh s society . fulfil financial needs of the poor required Grameen deposits have become so successful . Mohammad Yunus has found the reliable character reference of not only financing the poor , but providing them with authority and whimsey in a happy tomorrow , which in its yield was reflected in the highest levels of refund (al roughly 98 (Dowla 22 The revolutionary changes in the social approaches towards coin jargoning were primarily viewed in the cosmopolitan open inlet of the poverty layers to financing . The small sums they involve to fill their financial needs could not be forgetd by other extended banks moreover , many of the potential customers could not provide the bank with any kind of collateral (Yunus 192 . These problems were successfully resolved by the Grameen Banks , which have changed the philosophy of banking . The stellar payments were no longer the old concern of the bank employees they were rather taking care for the eudaimonia of their cus tomers (Yunus 196 This welfare is ultimately! the basis for the successful loan repayment Grameen s philosophy , though , does not get across any fortuity for the loans to be forgiven .

The customers find themselves in the celestial orbit of strict bank requirements and regulations , but in unanticipated conditions , the bank management is bendable enough to find the resolution , which is flexile for both parties (Mainsah Heuer 14 The transformation of the bank s philosophy has gone(p) the long federal agency from providing credit to poor , to construct responsible for alleviating poverty (Dowla 33 . This has become one of the non-negotiable bank s goal sGrameen Banks : Beyond Conventional BankingIt is transparent , that the concept of social cracking 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 , trapping loan disbursed 415 .82 million , with 877 ,142 being bank s members (customers (Grameen Bank diachronic Data Series 1976-2005 . The chain of mountains of social banking promoted by Grameen banks seems to be unlimited . Moreover , the lag constantly finds itself in peeping for the new projects . One of the most prominent decisions was to open a Telecom company , which could provide the poor with an opportunity to have phone connection . Bangladesh is cognise for the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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