International Development - Grameen Uses Positive Approach to Collect Loans

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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.

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. Oliver holds a master's in business from the College of William & Mary.

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