Experiences with Grameen Bank in Bangladesh and Grameen America
Shah Newaz is Senior Vice President and General Manager of Grameen America Inc., a nonprofit microfinance organization based in New York City and founded by Nobel Peace Prize recipient Muhammad Yunus. Grameen Bank began with a simple but revolutionary concept: loan poor people money on terms that are suitable to them, teach them sound financial principles, and they will achieve financial self-sufficiency. Grameen America’s mission is to alleviate poverty and spur entrepreneurship by providing small loans, savings programs, credit establishment, and financial education to people living below the poverty line in the United States.
Newaz will offer a historical background of the Grameen Bank Project in Bangladesh from 1976, and recent updates, based on his experiences working for Grameen Bank in Bangladesh for 25 years, the Grameen replication program in the Dominican Republic where he worked for two years, and the most recent developments of starting up Grameen America Inc. in New York and Nebraska.
The lecture will take place on Wednesday, April 7, at 3:30 pm in the Charles B. Wang Center, Lecture Hall 2.