Feature Video

Grameen Uses Positive Approach to Collect Loans

By Oliver Subasinghe on 03 April 2009

Traditional banks often use punitive means to ensure loan repayment. Grameen Bank takes a different approach, Muhammad Yunus said at the World Affairs Council of Washington, D.C., on Feb. 4. If borrowers fail to pay on time, loans are rescheduled so they would have another chance to repay Grameen, its founder said.

Img_0393_thumb
Oliver Subasinghe
Oliver joined Devex in late 2008 as an international development correspondent and researcher. He previously served as a microfinance fellow for Kiva in Kenya and Uganda. During his tenure, he worked with Kiva’s field partners to improve their operations and governance.

Comments (0)

Comments should provide useful information to the Devex community and not include job solicitations, profanity or personal attacks. You should not use the comments form to post applications or proposals to job openings and business opportunities -- they will not be submitted. Please note that you are fully responsible for the content that you post, but Devex reserves the right to remove inappropriate comments from its site.

Log in to start posting comments

Career Center

Minimize