MFI Report

Grameen Bank Project was born in the village of Jobra, Bangladesh, in 1976. In 1983 it was transformed into a formal bank under a special law passed for its creation. It is owned by the poor borrowers of the bank who are mostly women. It works exclusively for them. Borrowers of Grameen Bank at present own 94 per cent of the total equity of the bank. Remaining 6 percent is owned by the government.

NOTE on DATA:
All data entered in MIX Market are taken from Grameen Bank's publicly available audited financial statements and performance information as listed on the website: http://www.grameen-info.org/.

MIX has used the number of members as the number of savers, which may be an overestimate of the number of voluntary savers.

For 2006 and 2007, data on number of active borrowers, women borrowers, and staff were unavailable. Only numbers of members were available. For the purpose of analysis, MIX has assumed that the share of borrowers, the percentage of women borrowers, and productivity remained constant since 2005.

These data have been reclassified to the best of MIX knowledge to fit international reporting standards. Hide