Grameen microfinance model
E860825
The Grameen microfinance model is a pioneering approach to providing small, collateral-free loans to the rural poor, especially women, using group-based lending and social accountability to promote entrepreneurship and poverty reduction.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
lending methodology
ⓘ
microfinance model ⓘ |
| associatedInstitution | Grameen Bank NERFINISHED ⓘ |
| associatedWith | Muhammad Yunus NERFINISHED ⓘ |
| awardAssociation | Nobel Peace Prize 2006 (via Grameen Bank and Muhammad Yunus) NERFINISHED ⓘ |
| coreFeature |
collateral-free loans
ⓘ
group-based lending ⓘ high repayment discipline ⓘ joint liability within groups ⓘ progressive lending ⓘ regular group meetings ⓘ social accountability mechanisms ⓘ |
| criticismsInclude |
potential for borrower over-indebtedness
ⓘ
questions about long-term poverty impact ⓘ |
| developedBy | Grameen Bank NERFINISHED ⓘ |
| emphasizes |
entrepreneurship among the poor
ⓘ
income-generating activities ⓘ peer monitoring ⓘ social pressure to ensure repayment ⓘ |
| implementationContext |
developing countries
ⓘ
rural communities ⓘ |
| influenced |
global microfinance industry
ⓘ
microcredit programs in developing countries ⓘ |
| inspired | replication of Grameen-style microfinance worldwide ⓘ |
| loanCharacteristic |
frequent repayment installments
ⓘ
no physical collateral ⓘ short repayment periods ⓘ small loan size ⓘ |
| loanType | microcredit ⓘ |
| organizationalUnit |
center (collection of groups)
ⓘ
solidarity group ⓘ |
| originCountry | Bangladesh NERFINISHED ⓘ |
| pilotedIn | Jobra village, Bangladesh NERFINISHED ⓘ |
| primaryObjective |
financial inclusion
ⓘ
poverty reduction ⓘ women’s empowerment ⓘ |
| recognizedFor |
high loan repayment rates
ⓘ
innovative approach to serving the unbanked ⓘ |
| relatedConcept |
microenterprise development
ⓘ
social business ⓘ solidarity lending ⓘ |
| replicatedBy | microfinance institutions worldwide ⓘ |
| requires | field officers for group formation and monitoring ⓘ |
| targets |
low-income households
ⓘ
rural poor ⓘ women ⓘ |
| timePeriodOfOrigin | 1970s ⓘ |
| underpins | Grameen Bank’s lending operations ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.