In Bangladesh, Professor Mohamed Yunus Started the Grameen Bank from Which

question 157

Essay

In Bangladesh, Professor Mohamed Yunus started the Grameen Bank from which poor borrowers (mostly women) who do not have collateral are given small loans as seed money for businesses or other projects. Loans are provided to groups of five women, who receive the loans sequentially. Once the first borrower has established a repayment schedule, the second borrower receives her money, and so on. How do you think an organization such as the Grameen Bank might ensure that the borrowers are indeed creditworthy? Remember that the bank does not have any information about the borrowers' creditworthiness and it is in the group's best interest to maintain a good loan repayment schedule so that they are eligible for bigger loans as time progresses.

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Definitions:

RIA

Stands for Radioimmunoassay, a sensitive laboratory technique used to measure concentrations of substances, such as hormones, in the blood.

Acid Stain

A coloring technique used in microscopy to identify and differentiate among various types of cells and tissues, often using acidic dyes.

Rose-colored Stain

A dye or staining method used in microbiology to highlight structures in microbial and human cells.

WBC

White Blood Cells; the cells of the immune system that are involved in protecting the body against both infectious disease and foreign invaders.