"The Grameen Bank"

Paper Summary:

The paper introduces the successful Grameen Bank experiment in Bangladesh, by its founder the economist Professor Yunus Muhammad. The paper discusses methods and results and further discusses Muhammad's model, which makes use of peasant ingenuity and the need for success in very poor economies. The paper examines how the loopholes of macroeconomic or other theoretical approaches are important to the study of geography.

From the Paper:

"This article by the individual to create the now world - famous Grameen Bank project provides a summary of how the Bank came into being. In 1972, Professor Yunus Muhammad had returned from Vanderbilt University where he had completed his Ph.D. to teach economics at Chittagong University. Bangladesh had just gained its independence from Pakistan of which it no longer represented one wing, separated by many miles from the more prosperous West Pakistan. Muhammad was inspired by the potential of his country, now that problems of membership in Pakistan were gone."

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