Grameen Bank took the responsibility of ensuring children stay in school, don't drop out, and give scholarship, give loan for higher education.
Grameen used this.
as Grameen Danone ladies to distribute, by also having environmentally friendly making units, and also taking back the surplus yogurts which are not sold.
At Grameen Foundation, we're really passionate about disrupting global poverty.
As Grameen Bank grew, as seed businesses grew, at one point, we became the largest seed seller in the country.
with Grameen Shakti or others do not yet have access to the net.
But Grameen gradually stopped enforcing the rule of joint liability.
So Grameen and other micro lenders did not have to worry about identifying collateral or determining credit worthiness.
And Grameenphone is an example.
He ran the Grameen Bank.
And so at Grameen Foundation, we're really committed to continuing to find solutions that work for those people.
We at Grameen are very excited about the ability to use technology and information to end extreme poverty and hunger.
Many people know about Grameen .
But talk about Grameen Shakti about not just giving away solar panels but making a business out of it.
We called it Grameen Energy, or Grameen Shakti, in Bengali, to sell solar home system.
All the branches of Grameen America right here, which is the most expensive country in the world, they cover the cost.
Then I went and worked at Grameen Bank.
They got together and formed this Grameen Danone company, a social enterprise in Bangladesh, to provide a product called Shokti Doi.
Many of you may know Grameen Foundation-- let's see.
We have a program in Grameen Foundation, inappropriately named Bankers Without Borders, because it started in our early days when we were focused primarily on microfinance.
I think one of the things for Grameen Foundation is that we are really looking at sustainable solutions.
Many people do not know about Grameen America.
California has four branches of Grameen America, two in Los Angeles, two here in San Jose and as well Oakland.
They're working with friends of Grameen .
Was a debt collector for Grameen Bank in Bangladesh.
at all when at the same time grameen bank in bangladesh has tens of millions of dollars of excess capital at that time but there's no system to connect
very powerful you've all heard of Grameen Bank and and you know Muhammad
We also can look at Grameenphone, which is .
As we saw in the case of Jain Irrigation Systems or Grameen Danone.
Looking forward, Grameen Foundation is looking to reach 25 million people over the next 25 years and move them sustainably out of poverty.
One of the ways that we're thinking about at Grameen Foundation is particularly with refugees, as they cross borders and are receiving health care, say,
In fact, Grameen America, in my understanding, has already loaned out over $700 million of loans and to thousands and thousands of borrowers
Today, Grameen Bank, within Bangladesh, has over 9 million borrowers.
Grameen America now has proved it right here in the United States.
Most of the people who are borrowing from Grameen Bank in various countries, most of the people involved say with solar power
Initially, Grameen operated under the principle of joint liability.
And I do a lot of work with Grameen America, helping female entrepreneurs living below the poverty line here in the United States.
india that needs short-term capital will instantly be connected with grameen bank for access to that and grameen bank will instantly be able to evaluate the risk
So if you want to sign up for a newsletter to learn more about Grameen Foundation, she's the one to see.
30 years later, the work of Grameen Bank, started in that Jobra village, was recognized by the Nobel Committee with a Nobel Prize in peace for Professor Muhammad
We have with us here in the audience the CEO and head of Grameen America, Andrea Jung.
But he founded the Grameen Bank anyway, and he won a Nobel Prize for his work.
I mean, examples in the US are Grameen Foundation USA, Calvert Foundation, Kiva, Deutsche Bank Microcredit Fund, Citibank, Standard Chartered.
And they're talking about all the great projects they've done with the Grameen Foundation, with nursing in the Northern Region as well as all the different solutions that they created.
Here's a great example of a unique collaboration between the Danone foods group from France and the Grameen group in Bangladesh.
Actually, I'm just coming from San Jose branch of Grameen America right here.
Let's talk about another social business that you started, Grameen Shakti, in terms of solar power.
I think for anybody-- I think when microfinance went through its big vogue around the time of the Nobel Peace Prize to Grameen and to
And Paul Maritz is now the CEO of VMware, Chairman of the Board for the Grameen Foundation.
Let's go back to the 1970s and look at what Muhammad Yunus did in Bangladesh with Grameen Bank.