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Grameen Foundation company history timeline

1997

Grameen Foundation was founded in 1997, inspired by the work of Nobel Laureate Professor Muhammad Yunus, founder of Grameen Bank and a global leader in the fight against poverty.

Most rural villages in Bangladesh lacked electricity and in 1997, Bangladesh had only one phone for every 300 people.

1998

In 1998, flooding destroyed the shelters of half the bank's borrowers and left Yunus scrambling for outside financial support.

1998: Bank reaches $2 billion in total loans disbursed; seeks outside support after severe flooding.

Total Assets: $100 million (1998 est.)

2009

By 2009, the 52-member network had provided micro-loans and other services to 10.9 million people.

2015

After 18 years, he resigned from his position as president an CEO in 2015.

2016

In 2016, Grameen Foundation and the global nonprofit Freedom from Hunger decided to join forces under the banner of Grameen Foundation.

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Founded
1997
Company founded
Headquarters
Washington, DC
Company headquarter
Founders
Alex Counts,Muhammad Yunus
Company founders
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Grameen Foundation may also be known as or be related to GRAMEEN FOUNDATION USA, Grameen Foundation and Grameen Foundation USA.