The Whole Planet Foundation, an affiliate of US-based grocer Whole Foods Market, announced it has secured donations of USD 2.2 million (as of March 17) towards its goal of raising USD 3.2 million by the end of March 2017 to grant for microlending through
Grameen Capital India (GCI), an investor in microfinance institutions and other social enterprises, recently announced the acquisition of a 43 percent stake in the company by Indian technology entrepreneurs Amit and Arihant Patni.
The cabinet of ministers of Bangladesh has reportedly approved an amendment to the ordinance regulating Grameen Bank, a Bangladeshi microfinance institution (MFI), that allows the bank’s chairman, Mr Muzammel Huq, to nominate a pool of three candidates from which a managing director of the bank will be chosen.
Bangladesh Finance Minister A M A Muhith reportedly has urged microfinance institutions (MFIs) to adjust their management structures to ensure that the organizations do not destabilize due to the death of a founder.
Event Name: 2012 SRI Conference on Sustainable, Responsible, Impact Investing
Event Date: October 2 – October 4, 2012
Event Location: Mohegan Sun Conference Center, Uncasville, Connecticut, USA
US Secretary of State Hillary Clinton has expressed her support for Nobel Peace Laureate Dr Muhammad Yunus and urged the Bangladeshi government “not to undermine the independence of the Grameen Bank.”
Bangladesh Finance Minister A M A Muhith reportedly has announced that the national government “will form a commission to ensure ‘accountability’ of the Grameen social businesses run by Nobel peace laureate Muhammad Yunus.”
By John Gershman and Jonathan Morduch, published by the Financial Access Initiative of New York University, April 2011, 9 pages, available at: http://www.microfinancegateway.org/gm/document-1.9.56804/Credit%20is%20not%20a%20right.pdf
After a wait of several months, the government of Bangladesh reportedly has vetoed a suggestion made in 2011 by the board of Grameen Bank to task Dr Muhammad Yunus, founder of the bank, with finding a managing director for it.
Vikram Akula, the founder of Indian for-profit microfinance institution (MFI) SKS Microfinance Limited, reportedly acknowledged that Dr Muhammad Yunus was “right” about the challenges of “bringing private capital into social enterprise.”
Muhammad Yunus, founder of Grameen Bank of Bangladesh, has reportedly announced that Grameen America, a nonprofit microfinance institution (MFI) based in the US state of New York City, will open additional branches in California, Michigan and Nebraska.
Bangladeshi Prime Minister Sheikh Hasina has reportedly recommended the appointment of Dr Muhammad Yunus, founder of Grameen Bank, as the next president of the World Bank, an institution that provides loans to developing countries.
Dr Muhammad Yunus, the founder of Grameen Bank in Bangladesh, recently partnered with the Indian Institute of Management- Ahmedabad (IIM-A), a public business school, to pool a INR 50 crore (USD 10.1 million) investment fund for social ventures.
The government of Bangladesh reportedly is taking steps to assert control over some of the 48 firms affiliated with Grameen Bank, a microfinance institution that was founded in Bangladesh in 1976 by Dr Muhammad Yunus.
Event Name: Bonsai People: The Vision of Dr Muhammad Yunus
Event Date: February 10 – February 16, 2012
Laemmle’s Noho 7, 5240 Lankershim Boulevard, North Hollywood, California 91601 USA
The Quad 34, West 13th Street, New York, New York 10013 USA
The Okan University in Istanbul, Turkey, has launched the Muhammad Yunus International Centre for Microfinance and Social Business, which aims to contribute to poverty reduction and sustainable development by “promoting, developing and implementing social business ideas and projects” .
Nobel laureate Dr Muhammad Yunus reportedly has sought a review of the court decision that upheld his removal from his position as managing director of Bangladeshi microfinance institution (MFI) Grameen Bank.
Dr Muhammad Yunus, the founder of Grameen Bank, a nonprofit microcredit organization in Bangladesh, has officially resigned from his post as managing director in accordance with a ruling of the country’s Supreme Court .