[Assam] Microbanking and Grameen

[Dilip/Dil Deka]

There is microbanking in India and many suicides were ascribed to it because farmers couldn't pay back. Then there is Grameen bank in Bangladesh, one form of microbanking, that has been widely successful and finally has won a Nobel prize.
I was interested in learning the differences in approach in the two countries and have been reading up on the subject. The following site gives one a good account of Grameen and its successes.
It looks to me, in India they are just reducing the loan amount and calling it a microloan/microbanking, whereas in Bangladesh there is a total new approach to it, to make sure that the borrowers can pay back and will, by using social entrepreneurship.
Thus the words "Grameen bank" and microbanking are not synonymous. There is a little know-how involved.
Dilip Deka

[PDF] Grameen Bank - Microleasing File Format: PDF/Adobe Acrobat - View as HTML
payment of the leased amount any time without any penalty. ... as well as access to other Grameen loan products induces the lessee to make timely. payments. ...
www.gdrc.org/icm/a-dowla.pdf
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