Yunus to launch Grameen Bank in NY April 25
Staff Correspondent Dhaka Tuesday, April 22, 2008
Nobel laureate Dr Mohammad Yunus will inaugurate a Grameen Bank branch at the Jackson Heights in New York on April 25 to provide its inhabitants with micro-credit and other banking facilities.
It will be the first formal branch of Grameen in New York, said US-based news agency News World.
Grameen Bank had already launched its micro-credit project in different states in the US.
The Grameen model of micro-credit programme has already been recognised and received acclamation across the globe.
Many have submitted their applications for getting loans from Grameen’s Jackson Heights branch as the micro-credit programme has already become very popular among millions of Spanish-speaking people as well as south Asians in the area.
The New York Times had already published two reports on the Grameen micro-credit project. The popular US daily in its report mentioned that the micro-credit project would help improve the living standards of low-income groups in New York.
However, the living standards of a large number of Bangladeshis residing in New York remain very poor, as they don’t have enough access to bank loans. It is expected that they would be benefited through micro-credit project.
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