Grameen

Apr 22, 2011 at 22:57 o\clock

Unsecured Personal Loans - Grameen After Yunus

by: bangladesh   Keywords: Loan, unsecured

With Muhammad Yunus apparently about to be driven from an operational role at the institution that he founded and which provides micro-financing to as much as 20 percent of Bangladesh’s population, what path will Grameen Bank take without him?

Bangladesh Prime Minister Sheikh Hasina Wajed for months has been waging a campaign to drive the Nobel Peace Prize laureate out of the bank, apparently, according to widespread reports in Dhaka because of jealousy. Although the lower courts have ordered Yunus out of the bank because he has passed the statutory age limit, the Supreme Court has yet to make a final decision. The court is expected to deliver its ruling on April 4.

The government of Bangladesh appears to be mounting a concerted campaign oust Muhammad Yunus and take over the Grameen Bank.

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