Grameen Bank

(redirected from 16 Decisions)
Also found in: Encyclopedia.

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.
Mentioned in ?
References in periodicals archive ?
The 16 Decisions of the Grameen Bank (illustrated) www.
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.
Washburn recovered from that opening-day start, reeling off 15 victories in 16 decisions during one stretch and finishing with a record of 18-6 and an ERA of 3.
It boasts more than 50 sensors, three onboard computers and makes 16 decisions per second to navigate round a room.
Based on this data, the machine makes 16 decisions per second, allowing it to constantly navigate its way around a home.
The SEC published 16 decisions addressing appeals by 21 respondents.
The Ministry of Municipality and Environment's (MME) building demolition and maintenance committee has issued 16 decisions within the past four months.
A senior ministry official told the GDN 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.
Washburn has lost his past two starts after winning 15 of 16 decisions, but he said he isn't concerned because he said he threw well.
Washburn has won 15 of his past 16 decisions and lowered his ERA to 2.