Paragraph | The Grameen Bank

Grameen Bank is a specialized bank which provides loan to the poor and the down trodden to eradicate poverty. Dr Mohammad Yunus is the man who founded and organized this bank. The bank give loans under every easy terms and conditions. They give money for different project that help the poor to improve their condition. They give loan for agriculture, poultry farms, cottage industries or handicrafts. As per rules and regulations of the bank, the poor people interested in taking loans have to make 4f-6 groups of workers. They should have a center there where the bank will work to give loans and receive repayment of loans. Thus the Grmeen Bank is functioning in the rural areas to free the country from poverty since its beginning. To acknowledge this contribution, Grameen Bank and Dr Mohammad Yunus have been awarded Nobel peace prize.