Jun 20, 2012
Grameen Bank
The microfinance model developed by Prof. Muhammad Yunus has proved that an organization can still earn profits by extending small loans. The traditional micro lending model propagated by the Grameen Bank has been implemented successfully in various countries. But the advancement in communication technologies have changed the way a person extends or receives financial assistance. The web based technologies have made it easier for the microfinance institutions to raise funds in a more transparent manner.