Grameen Trust is committed to the cause of poverty alleviation. It uses microcredit as a tool for fighting poverty and follows Grameen Bank Approach for the purpose. It was established by Professor Muhammad Yunus in 1989. It is a non-profit and non-government organisation.
Under its Grameen Bank Replication Program (GBRP) program, Grameen Trust (GT) supports and promotes poverty focused microcredit programs all over the world. It organises Dialogue Programs for potential replicators and provides training and technical assistance to replication projects. It provides funding to selected projects and monitors their performance. Till date it has provided support to 149 replication partners in 39 countries of the world.
In special circumstances, where there is the need for immediate and rapid implementation of poverty focused microfinance programs, GT directly implements the projects under its “Build, Operate and Transfer (BOT)", " Build, Operate and Own (BOO)" and "Build, Operate and Manage (BOM)" programs.
Grameen Trust hosts the Grameen Global Network (GGN) and publishes the Grameen Dialogue Newsletter to promote the cause of microcredit movement.
Professor Muhammad Yunus Receives Presidential Medal of Freedom
President Barack Obama (l) places a 2009 Presidential Medal of Freedom around the neck of Muhammad Yunus at the White House, 12 Aug 2009
Professor Muhammad Yunus and Grameen Bank
Awarded Nobel Peace Prize in Oslo
|The Norwegian Nobel Committee awarded Professor Muhammad Yunus and Grameen Bank the prestigious Nobel Peace Prize at a star-studded ceremony held at the Oslo City Hall on December 10, 2006. Professor Yunus and Mosammat Taslima Begum, who represented Grameen Bank, received Nobel Peace Prize Medal and Diploma from the Chairman of the Norwegian Nobel Committee at a ceremony attended by royalty and dignitaries from around the world. HRH Queen Sofia of Spain was a special guest of Professor Yunus at the ceremony. For the first time in history, both Royal Highnesses the King and Queen of Norway attended the Peace Prize award ceremony.
In his remarkable and inspiring speech Professor Yunus declared poverty a denial of human rights and a threat to peace. He recalled the examples set by Grameen of poverty alleviation through microcredit and called on the leaders and citizens of the world to work together to put poverty in the museum.
His speech in its entirety can be read at the Nobel Peace Prize website.
|For More Picture Click Here|
Turkish Grameen Microcredit Project (TGMP), the largest microcredit program in Turkey, opened four new branches in Adana, Istanbul, Kilis and Bursa provinces in December 2012.
TGMP opened Adana İsken Yumurtalık Microfinance Branch in Yumurtalık district of Adana province. As of January 29, 2013, the branch has reached 44 members, of which 32 have received loans. The branch has disbursed TL 31,000 as loans. The borrowers have utilized their loans for animal husbandry, hand crafts, selling cosmetic products, and selling homemade food. Around 15 members are shopkeepers, whose products include clothing, dried foods and nuts, small restaurants and snack bars, grocery stores, guesthouses, and photography studios.