Grameen Bank

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Grameen Bank

A bank in Bangladesh that pioneered modern microfinance. Grameen Bank makes very small loans to extremely impoverished persons to help them achieve self-employment so they are able to lift themselves out of poverty. Borrowers belong to five member groups; members encourage each other to repay the loan. Borrowers must agree to abide by 16 rules for social betterment. While critics contend that too many of Grameen's loans extract high interest rates, some are interest-free. Historically, Grameen has had very low default rates, though many borrowers pay late. It was founded in 1983 by Muhammad Yunus.
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The first session of the UN Environment Assembly (UNEA), hosted by the Nairobi-based United Nations Environment Programme (UNEP) last week concluded late Friday evening with 16 decisions and resolutions and a Ministerial Outcome Document to encourage international action on major environmental issues.
With a professional boxing record of 54 wins, of which 38 were knockouts and 16 decisions, 5 losses and 2 draws, Filipino boxing champion Manny Pacquiao is considered a victor despite his recent heartbreaking, but not unexpected loss to Mexican boxer Juan Manuel Marquez on Dec 8.
A senior ministry official told the GDN that the council had not referred a single decision to the Municipalities and Urban Planning Affairs Minister since September 1, while another council had already submitted 16 decisions since the start of the month.
A senior ministry official told our sister newspaper, the Gulf Daily News, that the council had not referred a single decision to Municipalities and Urban Planning Affairs Minister Dr Juma Al Ka'abi since September 1, while another council had already submitted 16 decisions since the start of the month.
For preparing the composite household decision-making index, all the 16 decisions used for the study were listed out and perceptions of 24 judges in the age group 26 to 58 year engaged in various type of occupation were collected, regarding the rank or importance of each decision.
The section on the Court similarly presents composition and rules of procedure, followed by the full texts of the 16 decisions and judgments for the year 2001.