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The Story of the Grameen Bank: From Subsidised Microcredit to Market-based Microfinance

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  • David Hulme

Abstract

This paper looks at the establishment and evolution of the Grameen Bank of Bangladesh. It traces the development of the Bank from its origins, providing microcredit to poor, rural women in Bangladesh, through a period of national expansion and institutionalisation, to the replication around the world of the Grameen model. In the late 1990s the Bank faced repayment problems and a developing financial crisis, and strategies were put in place to stabilise and reshape the Bank. This led in 2001 to the launch of Grameen II, which is analysed in terms of its main components and its results. Finally, the paper looks at Grameen Bank’s future role as a major player in the microfinance market, and as an inspiration for those helping poor people improve their own lives.

Suggested Citation

  • David Hulme, 2008. "The Story of the Grameen Bank: From Subsidised Microcredit to Market-based Microfinance," Global Development Institute Working Paper Series 6008, GDI, The University of Manchester.
    • Handle: RePEc:bwp:bwppap:6008
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    Cited by:

    1. Asad K. Ghalib, 2013. "How effective is microfinance in reaching the poorest? Empirical evidence on programme outreach in rural Pakistan," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 14(3), pages 467-480, June.
    2. Rachel Lock & Helen Lawton Smith, 2015. "The impact of female entrepreneurship on economic growth in Kenya," Working Papers 26, Birkbeck Centre for Innovation Management Research, revised Nov 2015.
    3. Malikov, Emir & Hartarska, Valentina, 2018. "Endogenous scope economies in microfinance institutions," Journal of Banking & Finance, Elsevier, vol. 93(C), pages 162-182.
    4. Nithya Natarajan & Katherine Brickell & Laurie Parsons, 2021. "Diffuse Drivers of Modern Slavery: From Microfinance to Unfree Labour in Cambodia," Development and Change, International Institute of Social Studies, vol. 52(2), pages 241-264, March.
    5. Ambreen Khursheed, 2022. "Exploring the role of microfinance in women’s empowerment and entrepreneurial development: a qualitative study," Future Business Journal, Springer, vol. 8(1), pages 1-13, December.
    6. Mongi Lassoued, 2021. "Control of corruption, microfinance, and income inequality in MENA countries: evidence from panel data," SN Business & Economics, Springer, vol. 1(7), pages 1-19, July.
    7. Asad K. Ghalib, 2011. "Estimating the depth of microfinance programme outreach: empirical findings from rural Pakistan," Global Development Institute Working Paper Series 15411, GDI, The University of Manchester.
    8. Trond Randøy & R. Øystein Strøm & Roy Mersland, 2015. "The Impact of Entrepreneur–CEOs in Microfinance Institutions: A Global Survey," Entrepreneurship Theory and Practice, , vol. 39(4), pages 927-953, July.
    9. Mohammad I. Azim & Ron Kluvers, 2019. "Resisting Corruption in Grameen Bank," Journal of Business Ethics, Springer, vol. 156(3), pages 591-604, May.
    10. Islam, Jamal & Mohajan, Haradhan & Datta, Rajib, 2012. "Aspects of microfinance system of Grameen Bank of Bangladesh," MPRA Paper 50691, University Library of Munich, Germany, revised 27 Mar 2012.
    11. Simon Zaby, 2019. "Science Mapping of the Global Knowledge Base on Microfinance: Influential Authors and Documents, 1989–2019," Sustainability, MDPI, vol. 11(14), pages 1-21, July.

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