Grameen Launches a New Bangladesh Joint Venture with BASF

Amiel Blajchman — Thu, 26 Mar 2009 17:57:23 +0000

Grameen and its managing director (Nobel Peace Prize-winner) Muhammad Yunus, known for the Grameen Bank, recently launched a new partnership with German conglomerate BASF to create a joint social business venture called BASF Grameen Ltd., to be based in Bangladesh. BASF Grameen Ltd. is being modeled as a “social business”, whose purpose will be to improve the health and provide related business opportunities for poor members of Bangladeshi society (reminiscent of the base of the pyramid framework) through the distribution of dietary supplement sachets and impregnated mosquito nets.
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The Big Bank That Didn’t Fail: Microfinance, the Bank of the Poor

Meg Hamill — Fri, 03 Oct 2008 07:01:50 +0000

Nobel Prize winner Muhammad Yunus claims that the global financial chaos has not hit the microfinance system.

I have this idea that if an institution has at its base, principles that are environmentally sustainable and socially just, and that the main goal of that institution is truly to serve, then it won’t be able to fail when times get tough. To put this theory to the test I went searching recently for some stock or institution that remained unscathed in the face of the recent market collapse. It didn’t surprise me at all, as a firm believer in the idea of microcredit, to hear that the institution of microfinance indeed is not feeling any strain whatsoever these days.

Green Options » muhammad yunus

Grameen Launches a New Bangladesh Joint Venture with BASF

The Big Bank That Didn’t Fail: Microfinance, the Bank of the Poor

Nobel Prize winner Muhammad Yunus claims that the global financial chaos has not hit the microfinance system.