Grameen Fund is a not-for-profit company in Bangladesh established by Muhammad Yunus to provide risk capital to small and medium enterprises (SME) beyond the scope of Grameen Bank's objectives of providing microcredit to the very poor. Incorporated in 17 January 1994, Grameen Fund started operation in February 1994, inheriting 40 projects of Grameen bank with assets of 391 million Bangladeshi taka investmented in small industries, fisheries and agriculture.
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- Muhammad Yunus, Chairman of the Board of Grameen Fund and Managing Director, Grameen Bank
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- Muhammad Yunus, Chairman of the Board of Grameen Fund and Managing Director, Grameen Bank
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- Grameen Fund is a not-for-profit company in Bangladesh established by Muhammad Yunus to provide risk capital to small and medium enterprises (SME) beyond the scope of Grameen Bank's objectives of providing microcredit to the very poor. Incorporated in 17 January 1994, Grameen Fund started operation in February 1994, inheriting 40 projects of Grameen bank with assets of 391 million Bangladeshi taka investmented in small industries, fisheries and agriculture. Its lending capital is provided by Grameen Bank and other institutions like Calvert Foundation. From the first Calvert Foundation investment, approximately 6,000 permanent jobs have been created or maintained in agriculture, engineering, poultry, dairy, fishery, and handicrafts sectors. As of 2007, it invested equity worth $1.0 million in 13 joint ventures and financed 1763 small and micro enterprises in Bangladesh, especially in technology-oriented industries, by providing collateral-free fixed and working capital loans. It has provided capital loans to other Grameen family organizations including Grameen Motsho, Grameen Krishi Foundation, Grameen Uddog, Grameen Babsha Sheba Limited, Polli Dushtha Bio Centre, Gonoshasthya Grameen Textile and Grameen Securities Management Limited. Till 30 August 2006, it disbursed taka 135.5 to 1257 projects in the Grameen Bank network. During the fiscal year 2006, 219 loans were made for a total of US $362,174, including 216 microenterprise loans and 3 small business loans. Of the micro enterprises, 21 was for minority-owned businesses, and 3 for women-owned businesses. Its stated objective is to create a mechanism to support untested business that shows promises of good return or employment generation by filling in the venture capital gap. The four programs of the Fund are - Venture/ Equity Financing Scheme, Micro Enterprise Loan Scheme, Loan Financing, and Time Deposit Loan Scheme.
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- Grameen Fund is a not-for-profit company in Bangladesh established by Muhammad Yunus to provide risk capital to small and medium enterprises (SME) beyond the scope of Grameen Bank's objectives of providing microcredit to the very poor. Incorporated in 17 January 1994, Grameen Fund started operation in February 1994, inheriting 40 projects of Grameen bank with assets of 391 million Bangladeshi taka investmented in small industries, fisheries and agriculture.
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