Grameen Bank

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/grameen-bank

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the institutional framework?A statutory public authority operating as a specialized community development bank
2. What is the global replication?Has served as a blueprint for microfinance institutions in over 64 countries
3. What is Grameen Bank and why was it started?Grameen Bank is a special bank that gives tiny loans to people who can't get money from regular banks. It was started by Muhammad Yunus in 1983 to help poor people in Bangladesh start their own businesses.
4. How does Grameen Bank give loans without asking for collateral?It uses a group lending system where friends, mostly women, form small teams. The team members help each other pay back the money, so the bank doesn't need a pawn.

Microcredit: The provision of small loans to impoverished individuals and small businesses lacking collateral, enabling entrepreneurship and economic activity.
Social Collateral: Reliance on group solidarity, peer pressure, and community reputation to ensure loan repayment, rather than physical assets.
Poverty Alleviation: Strategies and programs aimed at reducing or eliminating poverty by improving economic opportunities and living standards.