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Grameen-Bangladesh
One bank's model to promote positive social change in the banking industry in a one-on-one, face-to-face basis, as well as a modern approach using satellites and cellular telephones. By visiting the poorest people, focussing on women, loans for self-employment ventures are provided by the bank. A community of owners is created by selling shares to the villagers
Communication Strategies
Personal communication initiated by the bank through individual visitations and the provision of cellular phones to villages. Borrowers of the bank gain ownership of the bank by buying shares for U.S. $2.50 each. Traditional communication strategies used as models for new communication techniques
Development Issues
Women's development, economic change through new communication models
Key Points
Grameen's staff work to create borrowers who are entrepreneurial, determined, and optimistic shareholders of the bank. This model has been very effective, and has been used as by dozens of other countries around the world as a means of effective communication to rural areas. Communication is maintained by providing each village with a cellular phone which can be used for a small fee. Grameen has a goal of providing 65,000 villages with cellular phones (one for each village) by the year 2003.
Partners
Grameen Bank of Bangladesh
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