Pr. Muhammad Yunus

Inspired by the work of Grameen Bank in Bangladesh, Grameen Foundation Australia was created to accelerate, from our hemisphere, the impact of microfinance on the world’s poorest people, especially women.

Started in 1976 by Professor Muhammad Yunus among only 42 borrowers, Grameen Bank now serves more than 8 million poor families with loans, savings, insurance and other services. The bank is fully owned by its clients and has been a model for microfinance institutions around the world. In 2006, both Professor Yunus and Grameen Bank received the Nobel Peace Prize. And in 2009, President Barack Obama awarded Professor Yunus the highest civilian honor, the Presidential Medal of Freedom.

Although we are independent organisations, Grameen Foundation Australia and Grameen Bank maintain an enduring relationship. Grameen Foundation Australia seeks to further the Grameen Bank legacy and objectives by supporting microfinance institutions and poverty-fighting organisations that embody its vision and values on a global scale.

click on the document attached below if if you are interested to see Excerpts from :
The Price of a Dream,The Story of the Grameen Bank by David Bornstein !