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Grameen Bank Project

Grameen Bank Project

This project was set up to support the developing Grameen Bank and to help it become a stable and efficient financial institution in which rural poor people would participate actively. The Bank was helped to develop as an independent banking institution with branches in areas where rural poor people lived, thus enabling them to benefit from its services. At the same time, the Bank was encouraged to grow as an innovative financial institution, carrying out research and testing technologies that can be used to raise the productivity and profitability of enterprises operated by borrowers.

Source: IFAD


Status: Closed

Country

Bangladesh

Approval Date

12 December 1984

Duration

1984 - 1989

Sector

Credit and Financial Services

Total Project Cost

US$ 51.1 million

IFAD Financing

US$ 23.6 million

Co-financiers (International)

Ford Foundation US$ 1.8 million

Norway US$ 8 million

Sweden US$ 6.4 million

Co-financiers (Domestic)

National Government US$ 11.3 million

Financing terms

Highly Concessional

Project ID

1100000161


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