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30. How Grameen Financial institution Works – I 5 member groups Grameen Financial institution Group fund for •No places of work emergencies •Trained women bank workers who dwell with the poor •90% owned by borrowers •Organizes workshops Repayment •Established •One year loans Sixteen •Equal weekly installments Decisions as tips to give •Repayment begins 1 week which means to lives after loan of borrowers •Grameen will not be just a lender – Sixteen Choices make it a detailed companion in improving the living requirements of the poor Centers made from upto eight groups •Relationship constructed on trust – 99% repayment price
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