Cover : Professor Muhammad Yunus receiving the Medal of ... · Village Phone Higher Education Loans Struggling [Beggars] Members Programme ... page 4 Grameen Bank 2009 Annual Report

ForewordBoard of Directors Organizational ChartGrameen Bank : 2009HighlightsProfessor Yunus receives yet another Prestigious AwardPrime Minister of India Pays Glowing Tributes to Dr. YunusZones’ LocationLoan ActivitiesVillage PhoneHigher Education LoansStruggling [Beggars] Members ProgrammeScholarship Programme [for Members’ Children]2009: Disbursement of loans listed under broad categories of business activities2009 : Top 25 items in order of loan amounts for which member took loans2009: Disbursement of Microenterprise loans listed under broad categories of business activities2009 : Top 25 items in order of Microenterprise loan amounts for which member took loansZone wise Comparative Statement Up to December 31, 2009Grameen Bank Year End Update : December, 2009Past Five years of Grameen BankComparative Consolidated Statement For The Years 2008 & 2009Grameen Bank Historical Data Series : 1976-2009 (in million BDT)Grameen Bank Historical Data Series : 1976-2009 (in million USD)Computerization ProgrammeEvents: 2009Auditors’ Report and Audited Financial Statements

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Cover : Professor Muhammad Yunus receiving the Medal of Freedom 2009, America’s Highest Civilian Honor from President Barack Obama, President of United States of America. The Ceremony was held on July 2009 in The White House, Washington DC.

Banking for the Poor

By providing comprehensive

financial services, empowering the

poor to realize their potential and break

out of the vicious cycle of poverty.

VISION

MISSION

FOREWORDThe year 2009 marks the 26th year of Grameen Bank. The year also saw the Bank continuing its thrust to open new windows of opportunities for the nation’s poor by extending its outreach by opening 23 new branches and embracing over 300,413 new members across the country. It brings the total number of branches to 2,562 covering over 99% of the country’s nearly 84,000 villages located in all 64 districts of Bangladesh. The fresh batch of women who joined the Grameen family in 2009, swelled the aggregate number of members to a total of 7.97 million.

By the end of the year 2009, cumulative disbursement of the Bank reached BDT 498.31 billion equivalent to USD 8.74 billion. The cumulative amount of savings deposited with the Bank by its borrowers also reached a new high of about BDT 44.82 billion by the year end.

The Bank’s transformation into this size signifies a giant leap forward compared to 1976 when we took the first small step in a village named Jobra to free the poor from the loan sharks.

These past 26 years have not been all too a smooth ride for the Bank. We encountered new challenges and tremendous odds and weathered natural calamities—flood, tidal waves, draughts, worldwide

recessions, apart from the dilemmas and inertia that tends to set in when an organization grow at a fast pace. We draw immense satisfaction that the Bank succeeded in overcoming these odds through innovations, hard work, strong commitment and faith in the ideological base from which the Bank draws its strength.

We offer loans to the poor for building low cost houses, educate their children and interest free loans to beggars to pursue small scale income generating activity.

GB loans totaling BDT 8.89 billion enabled 679,577 borrowers to build low cost houses and Its education loans totaling BDT 1506.65 million (USD 22.27 million) allowed 40,804 meritorious students from poor households, who would have most probably dropped out of school to complete or in the process of completing degrees in engineering, medicine, agriculture and other higher education programmes at the graduate and post-graduate levels at zero interest during education period and 5% after completion of education period. In addition, by the end of the year an aggregate number of 118,887 students were offered scholarships totaling BDT 175.69 million (USD 2.54 million). Loans amounting to BDT 142.43 million were provided to the beggars,

Grameen Bank 2009 Annual Reportpage 2

the most vulnerable groups in the social structure. Their repayment records are nearly as goods as their regular mainstream peers. By the end of 2009 they had repaid BDT 108.53 million.

I take this opportunity to congratulate the staff of the Bank for their unwavering commitment to serve the poor. I would also like to take this opportunity to express our thanks to the Bank’s 7.97 million borrowers-shareholders who made this bank into what it is today.

We are very grateful to all our well-wishers and friends all over the world for their constant inspiration and encouragement.

Muhammad YunusManaging DirectorGrameen BankE-mail : [email protected]

annual report 2009foreword page 3

Board of directors

ChairmanFormer Foreign Secretary, Government of BangladeshHouse No. 43, Road No. 9, Dhaka Cantonment, Dhaka-1206

Managing Director, Grameen Bank, Mirpur-2, Dhaka-1216

Joint SecretaryMinistry of Finance Bangladesh Secretariat, Dhaka

SecretaryMinistry of Defence , Bangladesh Secretariat, Dhaka

Borrower Member Baratakia Mirsharia Branch Chittagong

Borrower Member Eliotgonj (south), Daudkandi BranchComilla

Borrower Member Ashuganj Branch Hobiganj


Borrower Member Ashuganj Branch Hobiganj

Borrower Member Bhawal Mirzapur, Gazipur BranchGazipur

Borrower Member Ganespur Manda Branch Noagaon

Borrower Member Hazrapur Magura Branch Jessore

Borrower Member Bakal, Agailjhara Branch Barisal

Borrower Member Sahajadpur BranchSirajgonj Borrower Member

Kallayni Pirgacha BranchRangpur

annual report 2009 page 5board of directors

ORGANIZATIONAL CHART

Technology is a kind of vehicle. One can drive it to any destination one wants. Since

the present owners of technology want to travel to the peaks of profit-making,

technology takes them there. If somebody else decides to use the existing technology to end poverty, it will take the owner in that

direction. If another owner wants to use it to end diseases, technology will go there. The

choice is ours. Present theoretical framework does not give this choice. Inclusion of social

business creates this choice.

- Lecture delivered at the joint-meeting of the members of Lok Sabha and Rajya Sabha of India,

in Delhi on December 9, 2009


annual report 2009 page 7organizational chart

GRAMEEN BANK : 2009

Grameen Bank Expands its Horizon

Grameen Bank continued to expand its outreach in Bangladesh in 2009 to bring new areas and new members within its operational fold. During the year, the bank opened 23 new branches bringing the total number of branches to 2,562 that dot the length and breadth of rural Bangladesh. Bank’s network--40 Zonal, 268 Area and 2,562 branch level offices--now encompasses 83,458 or over 99% of the country’s nearly 84,000 villages located in 479 upazilas or sub-districts in all 64 districts of Bangladesh. A fresh batch of 300,413 people joined the Grameen family in 2009, swelling the aggregate number to a staggering 7.97 million members.

Bank Serves the Poor at their Door Steps

Unlike conventional banks, Grameen Bank carries its services to the door steps of the poor to overcome their age old inhibitions and inconveniences associated with visits to a formal financial institution, usually located away from their homes. All banking transactions except loan disbursements are done in the meetings of the borrowers at the village level centres organized by the Bank’s centre manager. New branches are required to fund themselves entirely with the deposits they mobilize. No fund from head office or any other office is lent to them. A new branch is expected to break even in the first year of its operation.

Interest Rate Structure

The interest rates of the Bank are structured with an eye on the financial status and repayment capacity of the borrowers with zero or concessional rates for the special and underprivileged groups. The interest rates on loans for the 4 categories of Grameen Bank borrowers are:

• LoansforIncomeGeneratingActivities(IGA) 20%perannum (declining basis)

• HousingLoans 8%perannum

• StudentLoans

i. During the study period of about 3 - 5 years 0%

ii. After the study period 5% per annum

• StrugglingMembers(beggars) 0%

All interest rates are simple and are calculated on declining balance method to ease the debt repayment burdens of the borrowers. For instance, for an income-generating loan of say, BDT 1,000, the borrow repays the entire amount within a year by weekly installments; the total amount repayable works out BDT 1,100 (principal amount BDT 1,000+ interest BDT 100) equivalent to 10% at the flat rate.

Grameen Bank offers very attractive interest rates for deposits. Minimum interest offered is 8.5 per cent. Maximum rate is 12 per cent.

Loans and Deposits

The cumulative disbursement of the Bank by the end of December, 2009 under various categories reached BDT 498.31 billion equivalent to USD 8.74 billion at the exchange rate that prevailed at the end of the year. The cumulative amount of savings deposited with the Bank by its members reached about BDT 44.82 billion by the end of year under review.

Financial Results for 2009

In spite of pursuing many poverty focused or socially desirable programmes at zero or subsidized interest rates, Grameen Bank continues to achieve significant growth in terms of operating and net profits. During the year the Bank earned a profit of BDT 372


million and declared 30% cash dividend for the year. The bank has also created a Dividend Equalization Fund to ensure a fair degree of stability for distribution of dividends over the years. Payment of attractive dividends serves as inspiration for shareholders to relentlessly work toward sustaining the momentum that has been a hallmark of GB’s performance year after year. What is more significant is that the Bank’s borrowers are its shareholders.

The Grameen Generalized System

This system introduced in 2000 after long deliberations has stood the test of time and assists the borrowers to overcome their financial constraints arising from reversal of personal fortunes or due to natural calamities like flood, tsunami and draught. The system is simple and customer friendly that provides opportunity to a member to remain in the Bank’s mainstream rather than opting out of Bank. As mentioned earlier, the Grameen Generalised System offers four types of loan products: 1) the basic loan, 2) the housing loan, 3) the higher education loan, which runs parallel to the basic loan, and 4) the struggling members (beggars) loan programme.

A basic loan is converted into a flexible loan or reschedule loan, if the borrower finds it difficult to pay the weekly installments. Flexible loan reduces the installment size to a tolerable level. At the end of 2009, nearly 4 per cent of the borrowers were on flexible loans. Flexible loan is not an independent loan. It is only a temporary detour from the basic loan. The borrower tries his or her

best to go back to the basic loan. If a borrower fails to repay the basic loan and is unwilling to go into flexible loan, s/he is reckoned as a defaulter. In that event, 100 per cent provision is made against his/her outstanding dues. If a Flexible loan is not paid back in two years it is considered as overdue; after three years, it is entirely written off. The rate of recovery of Basic Loan is close to one hundred per cent.

Housing for the poor

Introduced in 1984, housing loan has become a very popular programme for the borrowers aspiring to build a decent but inexpensive shelter over their heads. The ownership of a house infuses people with a sense of pride, security and self-respect that, in turn, provides a stepping stone to achieve economic prosperity and improved social status.

The ceiling for a housing loan is BDT 15,000 for construction of a simple tin-roof house. The average size of the loan is BDT 13,081

annual report 2009 page 9grameen bank : 2009

(USD 189) per borrower. The interest rate is 8 percent per annum, repayable over a period of five years. During 2009, housing loans amounting to BDT 168.40 million (USD 2.43 million) were provided to build 14,009 houses. It brings the total number of houses built with the housing loans to 679,577 since inception.

Higher Education Loans

GrameenBankintroducedtheHigherEducationLoanprogramme in 1997 to open opportunities for talented children of its borrowers to pursue higher education in medicine, engineering,, agriculture and other higher education programmes at the graduate (with honours) and post-graduate levels. The loans are intended to cover all expenses incurred by the students from the beginning to the end of the study period. The loans cover admission fees, course fees, cost of stationery, food and accommodation and other related expenses. By the end of the year under review 40,804 students pursuing courses in disciplines were provided loans under this programme.

Micro-enterprise Loans

Many borrowers have shown dynamisms to new opportunities to move ahead on the road to success in business ventures and have shown promises of success in bigger ventures. Grameen Bank provides larger loans, called micro-enterprise loans, to these fast moving members. There is no restriction on the loan size. So far 2,179,300 members availed of the micro-enterprise loans. A total of BDT 56.07 billion (USD 839.26 million) has been disbursed under this category of loans. Average loan size is BDT 25,728 (USD 372 app). The maximum size of a single loan taken so far is BDT 1.60 million (USD 23,209) for purchase of truck. The other major categories of activities financed are grocery shops, pharmacy, dairy farms, auto-rickshaw for transportation and stone business for construction.

Scholarships for the children of Grameen members

In addition to student loans mentioned earlier, the Bank offers scholarships to the children of Grameen members to ease their financial constraints for payment of school dues, purchase of books and stationery. At least 50% of the scholarship money must go to girls and the remaining 50% will given to both boys and girls based on overall performance. About 23,000 children, at various levels of school education, were awarded the scholarships during the year under review. It brings the aggregate number students since the inception of the programme to 118,887 up to December, 2009, involving an amount of BDT 175.69 million (USD 2.54 million).

Loan Insurance

Under this programme, all outstanding loans are paid off from the insurance fund in the event of death of a borrower. Insurance fund is created with interest generated through a savings account created by deposits of the borrowers on annual basis. Borrowers are required to put amount equal to 3.0 per cent of the loan amount in a designated savings account each time a loan is taken. If the borrower’s loan amount does not exceed the amount in the previous year, s/he does not have to add any more money into this account. If it exceeds, then she pays 3.0 per cent of the incremental loan amount. Balance of deposits under loan insurance programme stood at BDT 5,162.70 million (USD 74.71 million) as on December 31, 2009. Up to that date, outstanding loans and interest amounting to BDT 1187.69 million (USD 17.81 million) due from149, 829 deceased borrowers was paid off under this programme.

Life Insurance

Each year families of deceased borrowers of Grameen Bank are paid amounts ranging from BDT 17 to 20 million (USD 0.25 to 0.29 million) as life insurance benefits. Each family receives BDT 1,500 which the deceased was a Grameen Bank borrower. A total of 122,814 GB borrowers died by the end of 2009. Their families collectively received a total amount BDT 218.27 million (USD 4.41 million). Borrowers are not required to pay any premium for this life insurance. Borrowers come under this insurance coverage by being a shareholder of the bank.

Village Phones

Grameen Bank provided loans to 364,380 borrowers up to 2009 to buy mobile phones and offer telecommunication services in nearly half of the villages of Bangladesh .It is also generating revenue for Grameen Phone, the largest


telephone company in the country. Village phones use 2.22 per cent of the air-time of the company, while their number is only 1.89 per cent of the total of telephone subscribers of the company.

Beggars As Members

Begging is the last resort for survival for a poor person, unless he/she turns into crime or other forms of illegal activities. Among the beggars there are disabled, blind, and retarded people, as well as old people with ill health.

Grameen Bank has taken up a special programme in 2002, called Struggling Members Programme exclusively for the beggars. Over 112,826 beggars have joined the programme. Total amount disbursed stands today at BDT 142.43 million. Of this amount of BDT 108.53 million (76% of the amount disbursed) has already been paid off. 19,193 beggars have left begging and are making a living as door-to-door sales persons. Among them 9,374 beggars have joined Grameen Bank groups as main-stream borrowers.

Success of Members in Election of Local Bodies

Grameen system provides a flavour of election process to the borrowers of the Bank. They routinely go through electing group chairman, secretaries, centre-chiefs and deputy centre-chiefs every year. They elect board members for running Grameen Bank every three years. This experience provides them a launching pad to run for public offices with a fair degree of success. In 2003 local government (Union Porishad) election 7,442 Grameen members contested for the reserve seats for women. Of the 3,059 members came out successful.

Policy for Opening New Branches

New branches are required to finance themselves entirely with the deposits they mobilize. No fund from head office or any other office is lent to them. A new branch is expected to break-even within the first year of its operation.

Computerized MIS and Accounting System

Accounting and information management nearly all the branches (2,558, out of 2,562) have been computerized. These has freed the branch staff from the routine paper work and devote more time to administer the loan portfolio and

supervise the borrowers and use of loan funds. Branch staffs are provided with pre-printed repayment amount of dues for each weekly meeting. If every borrower pays according to the repayment schedule, the staff has nothing to write on the document except for putting the signature. Only the

deviations are recorded. Paper work is done only at centre level to enter figures in the borrowers’ passbooks.

‘Stars’ for Achievements

Grameen Bank provides colour-coded stars to branches and staffs for 100 per cent achievement of a specific task starting from 2001. A branch or a staff having five-stars indicates the highest level of performance. At the end of 2009, 1,461 branches got green stars for maintaining 100 per cent repayment record, 1,964 received blue star for earning profit, 1,836 branches earned violet stars by meeting all

their financing out of their earned income and deposits, 351 branches have applied for brown stars for ensuring education for 100% children of Grameen families and 61 branches applied for red stars indicating branches those have succeeded in taking all its borrowers families over the poverty line. The stars are confirmed only after the verification procedure is completed.

In term of human capability there is no difference between

a poor person and a very privileged person. All human

beings are packed with unlimited.

- Commencement Speech by Nobel Laureate Professor Muhammad

Yunus at Massachusetts Institute of Technology on June 6, 2008

annual report 2009 page 11grameen bank : 2009

HighlightsPERCENT OF WOMEN MEMBERS

97%97%

97%

2009

2008

2007

NUMBER OF CENTRES

144,106140,976

136,619

2009

2008

2007

NUMBER OF MEMBERS

7,970,6167,670,203

7,411,229

2009

2008

2007

NUMBER OF VILLAGES COVERED

83,45883,566

80,678

2009

2008

2007

NUMBER OF BRANCHES

2,5622,539

2,481

2009

2008

2007

NUMBER OF AREAS

268264

257

2009

2008

2007


NUMBER OF ZONES

404039

2009

2008

2007

AMOUNT OF LOANS OUTSTANDING*

54,71544,396

36,336

2009

2008

2007

BALANCE OF DEPOSITS (NON- MEMBERS)*

38,13029,253

22,385

2009

2008

2007

CUMULATIVE AMOUNT DISBURSED SINCE INCEPTION*

498,311.47418,903.07

356,798.22

2009

2008

2007

BALANCE OF DEPOSITS (MEMBERS)*

44,82334,923

27,298

2009

2008

2007

PORTFOLIO GROWTH RATE

23.24%22.18%

9.33%

2009

2008

2007

Dreams are made out of impossibles. We cannot reach the impossibles by using the

analytical minds which are trained to deal with hard information which is currently

available. These minds are fitted with flashing red lights to warn us about obstacles

that we may face. We’ll have to put our minds in a different mode when we think about our future. We’ll have to dare to make bold leaps to make the impossibles

possible. As soon as one impossible becomes possible, it shakes up the structure and creates a domino effect, preparing the

ground for making many other impossibles possible.

- Lecture delivered at the joint-meeting of the members of Lok Sabha and Rajya Sabha of India,

in Delhi on December 9, 2009

AMOUNT DISBURSED DURING 2009*

79,408.4062,104.85

50,429.59

2009

2008

2007

Amount in million BDT





annual report 2009 page 13highlights

Quick on the heels of the most coveted prizes of all, the Nobel Prize for peace, Dr. Yunus has been honored with yet another

prestigious award: America’s highest civilian honor, the Medal of Freedom for 2009. The medal is awarded to individuals who, as the citations say, ‘make an especially meritorious contribution to the security or national interests of the United States, world peace, cultural or other significant public or private endeavors’.

Felicitations, awards and tributes are not new to Dr. Yunus, but the latest of the rare honours attests to the growing recognition of his historic role to free the world’s poor from the shackles of penury through his simple but ground breaking collateral-free micro-credit schemes.

Dr. Yunus, endearingly known as ‘Banker to the Poor’, joins an elite band of world leaders honoured with the prestigious Medal by President BarackHObama,whohimselfrewrote the history to become the most powerful man on the planet.

President Obama, who also ushered in a new era of freedom, peace and prosperity for the mankind and neglected millions by dismantling seemingly insurmountable barriers, paid glowing tribute to the recipients of the awards. “They have blazed trails and broken down barriers. They have discovered new theories, launched new initiatives, and

opened minds to new possibilities”.

President Obama had special words of felicitation for professor Yunus. “Dr. Muhammad Yunus,” he said “is a global leader in anti-poverty efforts, and has pioneered the use of “micro-loans” to provide credit to poor individuals without collateral”.

We in the Grameen family—over 7 million of borrowers, staff and associates join our donors and well wishers at home and abroad--to wish Dr. Yunus a long life and renewed inspiration to carry his noble mission to still new heights.

Professor Yunus receives yet another Prestigious Award


annual report 2009 page 15award

Joint Meeting of the Lok Sabha and the Rajya Sabha of the Indian Parliament

PRIME MINISTER OF INDIA PAYS GLOWING TRIBUTES TO DR. YUNUS

Grameen Bankpage 16 2009 Annual Report

Prime Minister of India, Dr. Manmohan Singh joins the world leaders to eulogise the icon of micro-credit, Dr Muhammad Yunus. “Professor Yunus is truly an exceptional human being and it is really a privilege to be in his company,” the celebrated leader of the world’s largest democracy declared while addressing the Joint Meeting of the Lok Sabha and the Rajya Sabha of the Indian Parliament on December 9, 2009 while inviting Dr.Yunus to deliver his address on the occasion of the Second Professor Hiren Mukerjee Memorial Lecture. .

To the select gathering, which included Vice-President of India, Speaker of the Lok Sabha, Congress President Sonia Gandhi, BJP leader Ram Krisna Advani, Governors, Members of Parliament and other distinguished guests, Dr. Manmohan Singh said, “Professor Yunus has revolutionized the idea of micro-credit and made it accessible to the poorest of the poor”.

Dr Singh, an economist and a litterateur in his own right, went on to quote an Urdu couplet to underscore the great power of ideas propounded by Dr. Yunus: “Main Akela Hi Chala Tha Janebe Manjil, Magar Log Milte Gaye Aur Caravan Banta Gaya!”—I began my journey alone in quest of my destination, but people joined me and turned it into a caravan.

annual report 2009 page 17PM of India Pays Glowing Tributes to Dr. Yunus

Zone’s Location


Your generation can bring breakthrough in Changing

the course of the world. You can be the socially conscious creative generation that the

world is waiting for.

- Commencement Speech by Nobel Laureate Professor

Muhammad Yunus at Massachusetts Institute of

Technology on June 6, 2008

annual report 2009 page 19zone’s Location

Loan activities


annual report 2009 page 21loan Activities

VILLAGE PHONE

The concept of Village Phone is an idea which caught people’s imagination. Grameen Bank members have entered the age of information technology by leasing and purchasing cellular phones. The mobile phones not only create a new business opportunity

for the poor, but also bring access to information, market, health and other services to the remote rural areas of Bangladesh. This was a major innovation; placing modern cell phones in the hand of the woman from poorest households in remote villages, something that no telecom operator had dared to do in the past. With Grameen Bank financing a Grameen Bank borrower buys a mobile phone to become the Telephone Lady of the village. She provides the telecommunication services to the village while earning profits for herself. By the end of 2009, there were about three hundred sixty four thousand village phone ladies who have together taken loans amounting to BDT 2.57 billion.

The demand of the Village Phone services is increasing day by day. During the year 2009 nearly 2,000 new phones were distributed and at the same time 100,500 chrun back connections were provided to cell phones in the villages. Grameen Bank, in collaboration with Grameen Telecom (The company which was incorporated as a not-for-profit venture under the companies act of 1994) has made a plan to finance nearly 20,000 new phones to its members during the next year.

The additional income by selling telephone service and internet based facility through electronic recharge system (ERS, EDGE,/GPRS) of village phone ladies is almost double that of the national per capita income. Zone-wise statistics of village phones financed through the Bank’s lending programme are given below :

Progress of Village Phones up to December, 2009.

Zone # of # of VP Branches owned by Covered Bank membersChittagong 71 6,174Tangail 78 8,101Rangpur 59 7,245Manikganj 60 11,055Patuakhali 86 7,079Bogra 64 9,044Sylhet 70 14,288Rajshahi 85 24,892Dinajpur 63 12,148Faridpur 85 10,361Comilla 74 9,638Mymensingh 54 11,511Munshiganj 60 8,761Khulna 69 8,386Noakhali 78 12,546Jamalpur 54 8,208Nilphamari 56 5,442Hobiganj 55 7,433Pabna 60 13,359Barisal 79 5,511Jhenaidah 74 10,211Cox’sbazar 58 6,966Gaibandha 54 11,121Noagaon 77 15,160Jessore 79 9,633Chandpur 54 7,988Kishoreganj 71 6,527Bhola 52 2,432Rangamati 30 4,763Gazipur 46 7,423Madaripur 68 17,615Thakurgaon 69 12,874Pirojpur 61 4,129Sunamganj 57 5,595Feni 46 6,766Narsingdi 38 7,737Kurigram 46 4,456Netrokona 47 5,684Sirajganj 45 9,769Sherpur 51 6,349Total 2483 364,380


Village Phones

Flexiload Programme

Flexiload program started from April 2006 in Tangail and Comilla zone as a ROSA (Retailer outlet sales agent) pilot project. The agreement between Grameen Bank (GB) and Grameenphone (GP) was to sell handset, accessories and bulk airtime in rural areas through GB members. The programme is still now successfully going on.

Finally, the agreement was set up on November 06, 2006 to expand the program in other zones. In this programme, Grameenphone is the principal or host and and Grameen Bank acts reload distributor functioning perfectly through a master SIM card.

Selected GB members are the sales agents who get load from logistics management team of Grameenphone under GB channel. GB agents transfer their load as per end users demand. It is continuous process. GB’s commission is 0.95% and sales agent’s commission is 2.75% respectively. Up to December 31, 2009 GB creates 1,000 sales agents in 40 zones. The total transaction averagely reaches at the end of the year in BDT 1060.24 million. Grameen Bank and agents received commissions amounting BDT 10.07 and 29.15 million respectively. Now every week Grameen Bank agents are transacting BDT 9.00 million. Grameen bank plan is to make 2,000 Grameen Bank agents very soon. We hope this program will develop and reinforce strategies, which will bring high economic benefits to Grameen Bank members.

annual report 2009 page 23

HIGHER EDUCATION LOANS

Hespentmanydayswithoutfood;

Anwar Now Dreams of a Bright Future

Son of a wage labour, Anwar suffered the trauma of going without food on manyoccasions.Hewouldbegreatlyelatedwhenhehadfinallyanopportunityto eat a square meal. The memory of those days of extreme hardships and penurystillcontinuestohauntAnwar.Hisfamilydidnothaveanymoneytoprovide financial support for his education. But he had a dream to fulfil and set himself to eke out a modest income by tutoring other students in the locality. HepassedtheDakhilexamination,equivalenttoSSC,in2004fromDighonDakhil Madrassa. Thereafter, he enrolled himself in Dinajpur Commercial CollegeintheCommerceDepartment.Hishardships,however,didnotleavehim; his mother had to sell their cow to pay the examination fees for appearing intheBoardexamination.HesucceededintheexaminationwithGPA3.5.

Anwar wanted to continue his quest for higher education but once again moneywasthestumblingblock.Hedesperatelylookedforwaystorealizehis long cherished goal. At this juncture he heard about the Grameen Bank’s scheme for talented poor students. It rekindled his hopes.

Anwar’s mother joined as a member of the Grameen Bank at Centre No. 10—Sheikhpura Branch in Dinajpur. The Branch provided education loan of BDT 77,000 for his admission in the graduation course with honours. The financialsupporthasrenewedhisaspirationtopursuehighereducation.Hehas successfully completed his first year and now looks forward to reach new milestones to chase his dream.

The higher Education Loan Programme was introduced in 1997 for the children of Grameen families so that they can pursue education at the highest level. Since its inception, the programme has distributed 40,804 loans worth BDT 1506.65 million (USD 22.27 million). In 2009 alone, 10,951 students were sanctioned loans. Jessore zone has the most number of students (3,655) receiving higher education loans, with Khulna zone second (3,509). The Atalia Dumuria branch under Khulna zone has given the highest number of student loans (158).

DisbursementofHigherEducationLoansUptoDecember,2009.

DEGREE/DISCIPLINE Number Amount (BDT)Masters (General) 1,439 30,751,510Bachelordegree(Honours) 37,286 141,1784,012MBA 79 1,726,300BBA 316 9,510,015B. Sc. (Engineering) 709 20,303,454M. Sc. (Agriculture) 94 2,384,808B. Sc. (Agriculture) 447 13,767,160Degree in Medicine 434 16,419,450Total : 40,804 1,506,646,709


Credit Program for Self-employment of the Recipients of Higher Education Loans

Dulal is now an employer

Dulal Mahmud, a young entrepreneur borrower of Grameen Bank under Bogra Zone, illustrates the virtue of strong will, unwavering self confidence and a single minded focus on the chosen goal to overcome the odds to achieve success in life.

When his father, Ekabbar Ali Mondal, a farmer by profession, could no longer support the education of his two sons and a daughter, Dulal squeezed some time from his daily routine and started to extend a helping hand to his father. In the meantime, Dulal’s mother became a member of Grameen Bank’s Sariakandi branch in Centre No.40 of Fulbaria. That was 7 years ago.

HermotherdrewherfirstloanofBDT2000fromtheBankandinvesteditinfarming.Afterpayingoffthisloan in instalments, she drew her second loan of BDT 5,000 and still later a third loan of BDT 7,000 and

invested the money in farming. The earnings from the farming business helped them to family expenditure includingthecostsofschoolingthechildren.Intime,DulalpassedtheHSCexaminationandenrolledintheBBA(Hons)classinShahSultanUniversityCollege,Bogra.Herehebegantofeelthefinancialcrunchonce again because the income stream from farming came at long intervals but he needed money on monthly basis to defray the cost boarding, tuition etc. At this juncture a scholarship programme from Grameen Bank for higher education came as a great relief. It also gave him new perspective and an urge to do something new.

HeparticipatedinaseminaratDhakaonwaystocultivate‘baoukul’(plum)thatwouldsuittheBangladeshconditions.Hearrangedleasingofaplotof62decimalsandstartedagardenofhisown.The luxuriant growth of the orchards soon became so well known that a TV channel telecast it as a success story of a young entrepreneur.

The initial success spurred him to go for a bigger venture. Encouraged by the Grameen Bank staff, he embarked on new projects with the Bank’s financial assistance. The Bank had then started a self-

employment programme for new entrepreneurs with the philosophy of ‘I won’t ask for a job for my own, I’ll rather employ others’. Dulal was the first borrower of this programme from the Sariakandi branch. In addition to his initial project of ‘baou kul’, he took on lease another plot of land measuring 60 decimals with a loan from the branch and started another orchard of guava, a nursery and cattle with a calf of Australian breed.

Beforetheyearendedhisprojectsbegantogenerateincome.HisplumprojectproducedanetprofitofBDT200,000.Heexpectstogetresultsinthesecondyearwhennoadditionalfixedexpenditurewillbenecessary.Heishopefulthatasimilarincomewillgeneratefromhisguavaorchard.Otherspin-offsfromthese orchards are the saplings he produced from the plants of the orchards for sale through the nursery. The estimated income from these saplings would be about BDT210,000. In the meantime, the Australian cow has grown big enough to fetch a price of about BDT 80,000.

Hehastakenhisentrepreneurialskillandzealtoastillhigherlevelbysettingabusinessfirm,named’RuhiFood Products and Chemicals’. 21 products of this company have been approved by the BSTI. These are mustardoil,soybeanoil,potatochips,chanachur,incensestick,rosewateretc.HehasengagedafewemployeeswithapayrollofBDT25,000.Helooksforwardtocreatemoreemploymentopportunitiesforthe unemployed.

Grameen Bank has introduced a special Credit Program for Self-employment of the recipients of the bank’s higher Education Loans, who have either completed or still pursuing their education. The objective is to provide the enterprising and hard working students financial support to create a band of new entrepreneurs. The philosophical basis of the program is to imbue them with the slogan “We wouldn’t beg others for jobs, we’ll create jobs for others”.

The program is aimed at changing the age old perception of the unemployed youth about jobs being their only ‘aim of life’, and turn their attention to the virtue of self-employment. This program, it is hoped, will contribute to reduction of poverty through use of local raw materials and appropriate technology for promotion of agro-based industries.

The Bank has set a detailed guideline for the program. The students may avail of the facility either singly or jointly for investment in any productive sector. No ceiling has been fix ed for the loan amount but the borrower’s capacity will be taken into account to determine the loan amount. The sectors for which financial support are provided include small business, nursery, cow and goat rearing, poultry, small clinics and health centers, phone shops etc.

higher education loansannual report 2009 page 25

STRUGGLING (BEGGARS) MEMBERS PROGRAMME

Basic features of the programme are :

• ExistingrulesofGrameenBankdonotapplytobeggarmembers; they make up their own rules.

• Allloanswillbeinterest-free.Loanscanbeofaverylong term, in order to make repayment instalments very small. For example, for a loan to buy a quilt or a mosquito-net, many borrowers are paying BDT 2.00 (3.4 cents US) per week.

• Beggarmembersarecoveredunderlifeinsuranceand loan insurance programmes without incurring any cost.

• GroupsandCentresarebeingencouragedtobecome patrons of this type of members.

• Eachmemberreceivesanidentitybadgewithher picture and name, and Grameen Bank logo. She can display this as she goes about her daily life, to let everybody know that she is a Grameen Bank member and this national institution stands behind her.

• Membersarenotrequiredtogiveupbegging, but are encouraged to take up an additional income-generating activity like selling popular consumer items door to door, or at the place of begging.

As of 31st December, 2009 cumulative members under this programme reaches at 112,826 out of them 108,186 are women. All the zones have already come under this programme. By this time 2,562 branches of 268 areas have implemented the programme. So far BDT 142.43 million has been disbursed and BDT 108.53 million has already been repaid. The Struggle members’ saving balance stood BDT 7.78 million.

To reach out to the beggars, Grameen Bank has taken up a special programme, called Struggling Members Programme which started from July 2002. Begging is the last resort for survival for a poor person, unless he/she turns towards crime or other forms of illegal activities. Among the beggars, there are disabled, blind, and retarded people, as well as old people with ill health.

The objective of the programme is to provide financial services to the beggars to help them find a dignified livelihood, send their children to school and to make them graduate into becoming regular Grameen Bank members. We wish to make sure that no one in the Grameen Bank villages has to beg for survival.


Hosneara

A Struggling Member

Hosnearaisthenameofanillfatedwoman.Nobodychroniclesthebirth of her kind but she conjectured that she was born in 1971.Hosnearagrewupinthemidstofextremepovertyandhadnoopportunitytoreceiveevenaminimumofeducation.Heremaciatedlook and financial constraints of her father turned out to be another negative factor to find some one to marry her. In desperation, her father married her off to an old man of 70. It was not long before her husband turned her away from his house. She did not find any welcoming hand in her father’s home too. Fate had inevitably thrown her in the undignified world of beggars. Not long thereafter she heard about the Grameen Bank’s scheme for what the Bank called ‘struggling members’. She joined the scheme

in 2004 at the North Shuhilpur branch in B’Baria. To a beggar, accustomed to counting bits and pieces and small changes, BDT 500 interest free loan provided by the branch was a big amount. The repayment terms were set to suit her convenience and capacity. She used the money to peddle betel leaves and other small items while carrying on with her old profession of begging. She also invested some money for rearing ducks and chickens. The income from these little ventures made her conscious of the indignity of begging. As ill luck it would have it, a sudden flood washed away her small business.AfterthefloodHosneararebuiltherbusinessofpeddling.Inthemeantime, she repaid her loan and collected a new loan from the Bank. She crowned her relentless struggle by giving up the ignominious profession of begging. Poverty has not still altogether leftHosnearabutshedrawssatisfactionthatshenolongercarriesthe stigma of a beggar. She can now walk with her head high.

annual report 2009 page 27struggling (beggars) members programme

GB SCHOLARSHIP PROGRAMME FOR MEMBER’S CHILDREN

In order to facilitate better educational opportunities for the children of Grameen members, Grameen Bank launched a scholarship programme for talented students, in 1999.To encourage schooling of Grameen children, Grameen Bank introduced scholarship programme, so that, children from the poor families stay in school, and complete in both academic and extracurricular activities. Priority is given to girls. In Bangladesh education for girls is generally considered not as important as for boys. Even today, the general attitude of the society is such that women are supposed to take back seats and confine themselves in the role of a housewife after marriage.At least 50% of the scholarship money must go to girls and the remaining 50% will be given to both boys & girls based on overall performance.Scholarships are given annually. Up to December, 2009 scholarships to the extent of BDT 175.69 million (USD 2.54 million) were offered to 118,887 students.

Scholarship : 1999-2009

Categories Numbers Total Girls Boys Primary 11,406 8,478 19,884Junior Secondary 14,860 9,694 24,554Secondary 20,919 19,355 40,274HigherSecondary 14,812 13,602 28,414Cultural 4,029 1,732 5,761Total : 66,026 52,861 118,887

Kamrun Nahar LindaTheProfileofaGB’sMeritoriousScholarshipHolderKamrun Nahar Linda, a GB scholarship holder, has made everyone—her parents and the Grameen fraternity--very proud for her outstanding academic feats. She secured GPA 5+ in all the subjects toachievewhatispopularlyknownasGoldenA,intheSSCandHSC

examinations held in 2007 and 2009 respectively from the Commerce group. She is the third child of the four children of a small grocer, Mohammad Lutfor Rahman, and Majera khatun, a house wife and an honorable member of Center No.55 of GB Alampur branch of Kushtia under Jhenaidah Zone. Linda’s parents, Majera khatun and Lutfor Rahman, are literally over the moon for the spectacular success of their daughter. The success, however, came the hard way. The small grocer, the father of Linda, had been struggling to meet the expenses of their four children with the small income from the grocery business. At this stage her mother borrowed a sum of BDT 5000 from Grameen

Bank and started to make handcrafted items at home with the helping hands from her daughters. The additional income too was found inadequate to defray the educational expenses of the children. At this juncture, GB scholarship came as a great relief for Linda to pursue her dream of reaching her goal of taking up a noble profession of a teacher. She has, in the meantime, got an opportunity to enroll in the Dhaka University in the Management Studies.We in the Grameen Bank offer our heartiest congratulation to Linda and wish her a prosperous career in future.


scholarship programmeHigherEducationforChildrenGBMembers

New Window of Opportunity at International levelIn addition to scholarships arranged for education of children of GB members for study at different levels in the educational institutions at home, GB has opened new window of opportunities for the children of Grameen family to pursue higher education, with full scholarships, in the following prestigious universities at home and abroad.

Ewha Women University, Seoul, KoreaDuring the visit of Dr Muhammad Yunus to Korea in 2006 to receive the Seoul Peace Prize, he delivered a special lecture on the invitation of Ewha Women University. As a gesture of goodwill to GB and mark of respect for Dr.Yunus, the University announced award of two scholarships for a two year course in Master of Social Welfare course for the daughters of GB members. Children of Grameen Bank members having a Graduate/post graduate degree with honours and fluency in English are

eligible for these scholarships. Two faculty members of the university headed by a Dean selected the following girls after interviewing the prospective candidates for the course commencing in 2007:

1. Razia Sultana, Daughter of Ms Sufia Begum, a member of Rangpur Branch, Dumuria under the Khulna Zone.

2. Tapashi Banerjee, Daughter of Ms Jharna Banerjee, a member of Champaphul Branch, Kaligonj under the Khulna Zone.

These two students who proceeded to Korea in 2007 returned to Bangladesh after successfully completing their courses in the respective universities in Seol.

Khazanah Asia Scholarship ProgrammeDr. Yunus visited Malaysia in 2007 on the invitation of Khazanah Foundation. Following discussion between Dr Yunus and Managing Director of the Foundation, Tan Sri Azman Mokhtar the Foundation decided to award scholarships for the children of GB members. Khazanah Foundation, Malaysia awards 87 scholarships every year in 4 categories for students from all parts of the world. A new scholarship programme known as ‘The Khazanah Asia Scholarship’ has been instituted to award 25 scholarships to students of Asia for 3 to 4 year course

in different categories at the graduate/ undergraduate level with the object of creating leadership in the field of industry and commerce.. The Foundation has decided to award 5 scholarships every year under this programme, beginning from 2009, for the children of GB members.

Asian University for Women, Chittagong Scholarships

Asian University for Women is an ultramodern international standard residential university with a goal of preparing the women of different Asian countries to assume leadership in the society in an international environment. The university has responded positively to the request of Professor, Mohammad Yunus to award 25 full scholarships to the children of GB members for study at the undergraduate level in different disciplines.Nine children of GB members are studying in the university from 2008-10 session with full scholarships. Applications of 44 students have been sent to the University for Selection for admission in the 2010-11 session. An amount of about BDT 700,000 (about USD 1000) is spent per year per student on tuition, board, meals etc.

The following students were selected from Bangladesh under the programme for undergraduate courses for 2009 session.

Sl.No. Name of Student Name of the member Name of GB branch/Zone Subject of Study Name of University

1 NaziaHossain MsShamsunahar Narail,Jessore Biotechnology EngineeringInternationalIslamicUniversity,Malaysia2 Ms Ayesha Khatun Ms Delwara Begum Chandaikona, Raigonj,Sirajgonj Accounting & Finance Do3 Mohd Aslam Mia Ms. Jharna Begum Gabtoli, Bogra Economics Do4 KaziSelimSarwar BegumHosneara Kalupara,Badargonj,Rangpur MechanicalEngineering MultimediaUniversity,Malaysia5 Ms Sabiha Akhter Munni Ms Sufia Jasmin Ishwargonj, Kishorgonj Electrical and Electronic Engg Tenaga National University, Malaysia

Ayesha

NaziaAslam

Selim Sabiha


2009 Disbursement of loans Listed underbroad catagories of business activities

Disbursement of All types Loans During January to December, 2009(Listed under broad categories of business activities)

Landless (Male) Landless (Female) Total

Items No. of Amount No. of Amount No. of Amount Loans of Loans* Loans of Loans* Loans of Loans*

Processing & Manufacturing 68,704 707,385,780 1,325,237 11,948,209,120 1,393,941 12,655,594,900Agriculture & Forestry 50,720 568,514,077 1,988,247 16,979,901,518 2,038,967 17,548,415,595Livestock & Fisheries 58,668 723,699,866 1,708,609 16,471,922,688 1,767,277 17,195,622,554Services 29,767 249,662,194 348,049 2,995,430,332 377,816 3,245,092,526Trading 63,840 776,227,672 1,767,745 17,940,370,597 1,831,585 18,716,598,269Peddling 2,595 29,187,987 96,167 904,254,065 98,762 933,442,052Shopkeeping 31,377 463,469,710 707,811 8,481,425,553 739,188 8,944,895,263

Total : 305,671 3,518,147,286 7,941,865 75,721,513,872 8,247,536 79,239,661,158

(*Amount in BDT)

Processing & Manufacturing

Agriculture & Forestry

Livestock & Fisheries

Services

Trading

Peddling

Shopkeeping

Ratio of amount Disbursement of loans Listed under broad categories of business activities

15.97 %

22.15 %

21.70 %

4.10 %

23.62 %

1.18 %

11.29 %


2009 Top 25 items in order of loan amounts for which member took loans During the year 2009

Top 25 items in order of loan amounts for which member took loans During the year 2009 (January ‘09 to December ‘09)

For Male Amount (Order Descending)

Serial Activity Name Male No Male Amount1 Milch cow 26,005 345,350,9262 Paddy husking 34,867 334,683,1403 Rice/Paddy trading 28,170 318,760,8124 Grocery shop 19,717 304,879,2935 Cow fattening 20,267 246,063,6736 Land lease 10,263 129,699,2247 Highereducationloan 17,461 123,811,8108 Vegetables trading 8,191 95,340,6079 Stationery shop 7,409 92,411,59710 Cloths trading 5,166 85,817,13011 Bamboo works 6,628 75,869,44912 Paddy cultivation 7,574 75,544,49213 Rickshaw purchase 6,201 67,072,90814 Vegetables cultivation 5,117 55,974,31515 Fish trading 3,960 47,118,96216 Farming 3,934 47,099,40617 Pottery products 3,565 42,539,45718 Bullock raising 4,742 42,501,88519 Biri making 5,142 39,099,00020 Plantation 3,466 37,850,63621 Poultry raising 2,955 33,750,93522 Sugarcane cultivation 1,670 33,118,79223 Van purchase 3,699 32,719,00224 Weaving (Saree) 3,056 31,901,55025 Land cultivation 3,229 31,794,106

For Female Amount (Order descending)

Serial Activity Name Female No Female Amount1 Milch cow 639,939 6,570,075,224 2 Rice/Paddy trading 664,277 6,226,516,106 3 Cow fattening 612,002 5,537,280,137 4 Grocery shop 413,596 5,062,515,454 5 Paddy cultivation 474,410 3,654,939,284 6 Paddy husking 382,894 3,214,965,760 7 Bamboo works 232,175 2,268,960,272 8 Land lease 209,597 2,078,228,425 9 Plantation 228,866 2,025,716,959 10 Vegetables trading 193,625 1,994,689,809 11 Farming 220,038 1,785,181,634 12 Other business 155,069 1,648,187,358 13 Vegetables cultivation 185,985 1,622,338,597 14 Fish trading 182,556 1,594,634,673 15 Stationery shop 130,879 1,408,634,941 16 Rickshaw purchase 153,729 1,394,522,227 17 Bullock raising 142,473 1,248,401,677 18 Cloths trading 89,705 1,173,491,705 19 Land cultivation 115,327 960,948,287 20 Poultry raising 101,747 910,389,863 21 Pisciculture 68,066 837,599,536 22 Agriculture equipments making 99,638 774,166,524 23 Water melon cultivation 84,474 755,863,272 24 Goat raising 78,211 755,794,639 25 Betelleaf cultivation 78,962 742,944,946

665,944

692,447

632,269

433,313

481,984

417,761

238,803

219,860

201,816

232,332

223,972

191,102

156,081

186,516

138,288

159,930

147,215

94,871

118,556

104,702

68,948

100,690

87,268

81,427

79,782

Milch cow

Rice/Paddy trading

Cow fattening

Grocery shop

Paddy cultivation

Paddy husking

Bamboo works

Land lease

Vegetables trading

Plantation

Farming

Vegetables cultivation

Other business

Fish trading

Stationery shop

Rickshaw purchase

Bullock raising

Cloths trading

Land cultivation

Poultry raising

Pisciculture

Agriculture equipments making

Water melon cultivation

Betelleaf cultivation

Goat raising

6,915,426,150

6,545,276,918

5,783,343,810

5,367,394,747

3,730,483,776

3,549,648,900

2,344,829,721

2,207,927,649

2,090,030,416

2,063,567,595

1,832,281,040

1,678,312,912

1,661,279,527

1,641,753,635

1,501,046,538

1,461,595,135

1,290,903,562

1,259,308,835

992,742,393

944,140,798

850,661,736

786,340,943

782,308,219

772,405,317

771,259,263

No of loans amount in BDT

annual report 2009 page 31disbursement of loans

2009 Disbursement of Microenterprise loans Listed under broad catagories of business activities

Disbursement of Microenterprise Loans During January to December, 2009(Listed under broad categories of business activities)

Landless (Male) Landless (Female) Total

Items No. of Amount No. of Amount No. of Amount Loans of Loans* Loans of Loans* Loans of Loans*

Processing & Manufacturing 2,139 73,781,510 69,925 1,751,536,739 72,064 1,825,318,249 Agriculture & Forestry 2,629 79,683,683 125,467 2,846,400,850 128,096 2,926,084,533 Livestock & Fisheries 3,162 73,635,815 164,221 3,438,051,634 167,383 3,511,687,449 Services 315 8,920,580 16,868 434,353,894 17,183 443,274,474 Trading 4,357 149,024,880 205,110 4,829,631,918 209,467 4,978,656,798 Peddling 61 1,515,000 11,284 230,899,565 11,345 232,414,565 Shopkeeping 2,816 111,986,239 92,412 2,624,672,940 95,228 2,736,659,179

Total : 15,479 498,547,707 685,287 16,155,547,539 700,766 16,654,095,246

(*Amount in BDT)

Processing & Manufacturing

Agriculture & Forestry

Livestock & Fisheries

Services

Trading

Peddling

Shopkeeping

Ratio of amount Disbursement of Microenterprise loans Listed under broad categories of business activities

10.96 %

17.57 %

21.09 %

2.66 %

29.89 %

1.40 %

16.43 %


2009 Top 25 items in order of Microenterprise loan amounts for which member took loans During the year 2009

Top 25 items in order of loan amounts for which member took loans During the year 2009 (January ‘09 to December ‘09)

For Male Amount (Order Descending)

Serial Activity Name Male No Male Amount1 Grocery shop 1,890 74,268,1152 Rice/Paddy trading 1,309 44,565,2703 Milch cow 1,534 39,301,2774 Cloths trading 612 26,885,5505 Stationery shop 445 20,219,2006 Land lease 707 17,825,0207 Cow fattening 646 16,506,9508 Paddy husking 532 15,857,2009 Paddy cultivation 481 13,388,25210 Vegetables trading 395 12,375,90011 Chicken trading 406 10,758,50012 Stationery goods trading 169 8,951,60013 Timber trading 267 8,773,50014 Medicine shop 257 8,706,40015 Bamboo works 273 8,155,59016 Pottery products 151 8,005,00017 Vegetables cultivation 277 7,773,85818 Poultry raising 571 7,471,77819 Plantation 190 7,130,25220 Weaving (Saree) 181 7,116,32021 Fish trading 186 6,061,50022 Farming 152 4,739,90023 Other business 160 4,386,49024 Rickshaw purchase 163 4,305,50025 Betelleaf cultivation 123 4,239,400

For Female Amount (Order descending)

Serial Activity Name Female No Female Amount1 Grocery shop 55,606 1,588,986,1022 Milch cow 60,855 1,390,339,3533 Rice/Paddy trading 47,575 1,242,771,8594 Cow fattening 60,316 1,058,233,8315 Other business 36,049 643,723,6786 Vegetables trading 24,672 534,255,0817 Land lease 23,176 486,289,6908 Paddy cultivation 22,613 472,045,2259 Plantation 14,479 389,810,42610 Cloths trading 13,637 389,378,37511 Bamboo works 14,242 377,291,37912 Chicken trading 11,820 300,145,92513 Stationery shop 9,966 295,617,26014 Pisciculture 12,411 294,827,23315 Fish trading 10,411 276,726,68516 Vegetables cultivation 11,513 242,492,78217 Medicine shop 6,974 240,338,37318 Rickshaw 8,973 212,947,04019 Poultry raising 9,428 212,860,48420 Goat 6,640 187,857,38921 Paddy husking 7,733 184,802,28122 Bullock 10,264 184,666,98423 Cloths shop 6,422 171,073,97124 Farming 6,799 168,909,93725 Pulse trading 6,928 167,344,851

57,496

62,389

48,884

60,962

36,209

25,067

23,883

23,094

14,249

14,669

14,515

10,411

12,226

12,465

10,597

11,790

7,231

9,999

9,136

8,265

6,660

10,439

6,523

6,951

6,965

Grocery shop

Milch cow

Rice/Paddy trading

Cow fattening

Other business

Vegetables trading

Land lease

Paddy cultivation

Cloths trading

Plantation

Bamboo works

Stationery shop

Chicken trading

Pisciculture

Fish trading

Vegetables cultivation

Medicine shop

Poultry raising

Rickshaw purchase

Paddy husking

Goat raising

Bullock raising

Cloths shop

Farming

Pulse trading

1,663,254,217

1,429,640,630

1,287,337,129

1,074,740,781

648,110,168

546,630,981

504,114,710

485,433,477

416,263,925

396,940,678

385,446,969

315,836,460

310,904,425

295,904,733

282,788,185

250,266,639

249,044,773

220,332,262

217,252,540

200,659,481

188,729,139

187,643,343

174,631,671

173,649,837

169,132,851

amount in BDTNo of loans

annual report 2009 page 33disbursement of microenterprise loans

ZONE WISE COMPARATIVE STATMENT UP TO DECEMBER 31, 2009

1 Chittagong 23,977.56 1,647.83 3.01 175078 2.20 93.94 73 22.57 11282 2398

2 Tangail 23,966.67 1,872.66 3.42 267805 3.36 85.94 78 24.01 9139 3433

3 Rangpur 10,699.62 1,177.28 2.15 219482 2.75 88.76 59 19.95 7761 3720

4 Manikganj 24,231.41 2,043.99 3.74 241142 3.03 93.10 62 32.97 9891 3889

5 Patuakhali 16,510.02 2,274.56 4.16 259656 3.26 90.33 87 26.14 10909 2985

6 Bogra 16,169.37 2,120.85 3.88 260964 3.27 98.86 72 29.46 9343 3625

7 Sylhet 9,818.70 1,329.61 2.43 188262 2.36 94.99 70 18.99 7988 2689

8 Rajshahi 20,538.57 2,008.21 3.67 271722 3.41 99.30 86 23.35 8007 3160

9 Dinajpur 11,386.09 1,063.90 1.94 257140 3.23 98.84 63 16.89 5842 4082

10 Faridpur 13,103.55 1,768.02 3.23 220424 2.77 99.60 87 20.32 9313 2534

11 Comilla 22,166.72 2,345.98 4.29 261019 3.27 100.00 76 30.87 11117 3434

12 Mymensingh 7,632.04 1,188.47 2.17 192259 2.41 100.00 55 21.61 8961 3496

13 Munshiganj 31,062.46 2,164.47 3.96 218301 2.74 99.90 61 35.48 12481 3579

14 Khulna 11,361.58 1,298.70 2.37 205538 2.58 99.95 69 18.82 6740 2979

15 Noakhali 13,590.85 1,258.52 2.30 209184 2.62 99.95 78 16.13 8833 2682

16 Jamalpur 10,811.46 1,735.38 3.17 243553 3.06 94.81 56 30.99 10285 4349

17 Nilphamari 10,029.72 1,489.00 2.72 263117 3.30 90.48 61 24.41 8387 4313

18 Hobiganj 9,965.98 1,105.18 2.02 206503 2.59 99.21 59 18.73 8021 3500

19 Pabna 13,936.06 1,358.98 2.48 215979 2.71 96.98 60 22.65 7252 3600

20 Barisal 16,925.70 1,871.35 3.42 213028 2.67 97.43 80 23.39 9886 2663

21 Jhenaidah 11,471.73 1,540.62 2.82 223255 2.80 100.00 74 20.82 7449 3017

22 Cox’sbazar 8,724.10 868.36 1.59 150567 1.89 95.27 59 14.72 7529 2552

23 Gaibandha 8,622.83 952.41 1.74 192220 2.41 92.04 55 17.32 6626 3495

24 Noagaon 14,711.17 1,828.14 3.34 254825 3.20 98.84 77 23.74 8539 3309

25 Jessore 10,839.25 1,602.01 2.93 203323 2.55 99.92 80 20.03 9045 2542

26 Chandpur 8,550.79 858.33 1.57 140112 1.76 100.00 54 15.89 7525 2595

27 Kishoreganj 6,485.85 1,300.42 2.38 211840 2.66 100.00 71 18.32 7584 2984

28 Bhola 3,817.33 699.08 1.28 119909 1.50 100.00 52 13.44 6276 2306

29 Rangamati 2,665.99 410.09 0.75 61678 0.77 99.92 44 9.32 6997 1402

30 Gazipur 20,627.32 1,632.31 2.98 178336 2.24 94.52 49 33.31 11542 3640

31 Madaripur 11,039.03 1,278.35 2.34 168553 2.11 99.81 68 18.80 8405 2479

32 Thakurgaon 9,624.70 1,219.00 2.23 249027 3.12 98.39 72 16.93 6242 3459

33 Pirojpur 8,943.57 1,229.68 2.25 163185 2.05 99.67 61 20.16 7490 2675

34 Sunamganj 4,742.43 821.55 1.50 129443 1.62 99.34 58 14.16 7185 2232

35 Feni 8,129.18 709.13 1.30 78510 0.98 99.75 47 15.09 8059 1670

36 Narsingdi 12,683.79 872.76 1.60 186407 2.34 95.82 39 22.38 9584 4780

37 Kurigram 6,274.48 595.43 1.09 151276 1.90 94.47 49 12.15 5747 3087

38 Netrokona 4,753.32 938.77 1.72 138919 1.74 100.00 55 17.07 8067 2526

39 Sirajganj 11,681.29 1,157.12 2.11 170716 2.14 93.18 46 25.15 7243 3711

40 Sherpur 6,039.19 1,078.06 1.97 208359 2.61 98.99 60 17.97 6068 3473

Total 498,311.47 54,714.54 100.00 7970616 100.00 96.79 2562 21.36 8465 3111

Sl. Zone Amount Outstanding Members Outstanding/ Outstanding Member

No. Disbursed Amount Zone Zone Female No of Branch Per Loanee per (In million BDT) (In million BDT) Percentage Numbers Percentage Percentage Branches (In million BDT) (In BDT) Branch


GRAMEEN BANK YEAR END UPDATE DECEMBER 2009

1.0 Cumulative Amount Disbursed Since Inception 498,311.472.0 Cumulative Amount Repaid Since Inception 443,596.943.0 Amount Disbursed this Month 6,669.344.0 Amount Repaid this Month 5,985.405.0 Outstanding Loans5.1 Basic Loan 51,111.965.2 Flexible Loan (a) 1,740.345.3 HousingLoan 200.795.4 Education Loan 1,451.335.5 Other Loans 210.125.6 Total : 54,714.546.0 Rate of Recovery(b) 96.557.0 Total Outstanding of Borrowers Missing 5 to 9 Consecutive Installments(c)7.1 Basic Loan 771.187.2 Flexible Loan 189.257.3 Total : 960.438.0 Overdue Loan(d)8.1 Basic Loan(e) 1,176.238.2 Flexible Loan 248.798.3 HousingLoan 12.948.4 Other Loans 1.088.5 Total : 1439.049.0 Microenterprise Loan (Cumulative)9.1 No. of Microenterprise Loans 2,179,3009.2 Amount Disbursed 56,068.879.3 Amount Repaid 44,911.1910.0 Balance of Deposits10.1 Members’ Deposit 44,823.4910.2 Non-Members’ Deposit 38,130.1310.3 Total : 82,953.6211.0 Deposits to Outstanding 11.1 Deposits as Percentage of Outstanding Loans 15211.2 Deposits and Own Resources as Percentage of Outstanding Loans 16311.3 No. of Branches with more in Deposits than in Outstanding Loans 1,704

12.0 Beggar Members12.1 No. of Beggar Members 92,29612.2 Amount Disbursed (Cumulative) 142.4312.3 Amount Repaid (Cumulative) 108.5312.4 Amount of Savings (Balance) 7.7813.0 Cumulative Number of Village Phones 364,38014.0 CumulativeNumberofHousesBuiltwithHousingLoans 679,57715.0 Life Insurance Fund (Cumulative)15.1 No. of deaths among all Borrowers 122,81415.2 Amount paid out from Life Insurance Fund 218.2716.0 Loan Insurance16.1 Balance in Loan Insurance Savings 5,162.7016.2 No. of deaths among the Persons Insured (Cumulative) 149,82916.3 Amount of Outstanding Principal and Interest of the Deceased Borrowers paid out from Insurance Fund (Cumulative) 1,187.6917.0 HigherEducationLoan(Cumulative)17.1 No. of Female Students 9,03117.2 No. of Male Students 31,77317.3 Total : 40,80417.4 Amount Disbursed (Female) 325.1117.5 Amount Disbursed (Male) 1,181.5417.6 Total : 1506.6518.0 Scholarship (Cumulative)18.1 Scholarship Recipient (Female) 53,85318.2 Scholarship Recipient (Male) 38,70118.3 Total : 92,55418.4 Scholarship Amount (Female) 76.2218.5 Scholarship Amount (Male) 56.3818.6 Total : 132.6019.0 Number of Members19.1 Female 7,714,85419.2 Male 255,76219.3 Total : 7,970,61620.0 Number of Groups 1,253,16021.0 Number of Centres 144,10622.0 Number of Villages 83,45823.0 Number of Branches 2,56224.0 Number of Branches with Computerised Accounting and MIS 2,558

Sl. Particulars [Amount in million BDT]No.

Sl. Particulars [Amount in million BDT]No.

(a) On the last day of each month, 50 per cent provision is made against the outstanding amounts of flexible loans with age of less than two years, and 100 per cent provision is made against the outstanding amounts of flexible loans with age of two years and more. The portions of flexible loans which complete the third year are written off exactly on the date following their completion.

(b) Amount repaid as a percentage of amount due.(c) If a borrower misses ten consecutive instalments, the entire outstanding

loan is treated as an overdue loan.(d) On the last day of each month, 100 per cent provision is made for all

overdue loans. Entire outstanding amount of overdue loans are written off

one year after they become overdue.(e) In case of one-year loan, if the borrower fails to repay half the loan amount,

with interest, within 26 weeks, entire unrepaid amount becomes overdue. In case of loans with longer duration, if the borrower fails to repay the total principal amount and interest scheduled to be repaid within each segment of 26 weeks, entire unrepaid amount falls overdue.

Note : Current Exchange Rate : 1USD = BDT 69.10.

annual report 2009 page 35grameen bank year end update

PAST FIVE YEARS OF GRAMEEN BANK

(In M

illio

n BD

T)

Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec

6,18

76,57

86,80

86,63

36,46

7 7,03

86,67

56,38

64,81

67,35

37,79

96,66

9

The highest amount of loan disbursed in the month of November (BDT 7,799 million). On the other hand, the lowest amount of loan disbursed in September (BDT 4,816 million). The average amount of loan disbursed per month during the twelve months was BDT 6,617 million.

2009: Disbursement of Loans

‘05 ‘06 ‘07 ‘08 ‘09

8,334 8,473 8,569 8,721 8,889

(In M

illio

n BD

T)

Up to 2005, BDT 8,334 million was disbursed as housing loans. In 2009, this figure stood at BDT 8,889 million, which translates to an increase of 6.66% during the five-year period. The average annual growth of cumulative disbursement of housing loans during this time was 1.33%.

Cumulative Disbursement of Housing Loans

‘05 ‘06 ‘07 ‘08 ‘09

(In M

illio

n BD

T)

498,311

418,903

356,798

306,369

256,497

Up to 2005, BDT 256,497 million was disbursed as loans. Up to 2009, this figure reached BDT 498,311 million, which translates to an increase of 94.28% during the five-year period. The average annual growth of cumulative disbursement of loans during this time was 18.86%.

Cumulative Disbursement of Loans


‘05 ‘06 ‘07 ‘08 ‘09

679,577665,568

650,839641,096

627,058Up to 2005, the cumulative number of housing loans was 627,058. Up to 2009 this figure reached 679,577. It represents an increase of 8.38% from 2005 to 2009 and an average annual growth of 1.68% during the five-year period.

Cumulative Number of Housing Loans

‘05 ‘06 ‘07 ‘08 ‘09

7,970,6167,670,203

7,411,2296,908,704

5,579,399

Up to 2005, the cumulative number of members was 5.58 million. In 2009, this figure stood at 7.97 million. It represents an increase of 42.83% from 2005 to 2005 and an average annual growth of 8.57% during the five-year period.

Growth of Membership (Cumulative)

‘05 ‘06 ‘07 ‘08 ‘09

2,5622,5392,4812,319

1,735

Up to 2005, the cumulative number of branches was 1,735. Up to 200, this figure reached 2,562. It represents an increase of 47.67% from 2005 to 2009 and an average annual growth of 9.53% during the five-year period. Growth of number of branches in 2009 is 0.91% over the previous year.

Number of Branches (Cumulative)

annual report 2009 page 37past five years of grameen bank

PAST FIVE YEARS OF GRAMEEN BANK

‘05 ‘06 ‘07 ‘08 ‘09

83,45883,566

80,67874,462

59,912

Up to 2005, the cumulative number of villages covered was 59,912. In 2009, this figure stood at 83,458. It represents an increase of 39% from 2005 to 2009 and an average annual growth of 8% during the five-year period.

Number of Villages Covered (Cumulative)

‘05 ‘06 ‘07 ‘08 ‘09

2,371

Full-Time EmplyeesTrainees

2,034

2,614 1,667 3,48314

,108

18,514

22,669

22,573

19,800

The number of full time staff including Management Trainees was 23,283 in 2009; while, the number of trainees was 3,483. The number of employees escalated by a whopping 44% within a short span of five years 16,142 in 2005 to 23,283 in 2009. However, the slightly declined by 4% in 2009 due mainly to rationalization of manpower and process of attrition (retirement etc)

Number of Full-Time Staff, Trainees & Employees

‘05 ‘06 ‘07 ‘08 ‘09

1,944

2,6242,812 2,884 2,911

In 2009, Grameen Bank had a total of 2,911 offices, including branch offices, area offices, zonal audit offices, zonal offices and the head office. Compared to the previous year, this is a 1% increase in the number of offices. The number of offices increased due to the expansion of the number of branches of Grameen Bank.

Number of Offices


‘05 ‘06 ‘07 ‘08 ‘09

96.27

96.7096.85 96.88 96.79

95.0

95.4

95.8

96.2

96.6

97.0

Historically, the majority of members of Grameen Bank have been women. The years under consideration are no exception. The percent of women members throughout 2004 to 2005 was within close proximity of the 96% mark, from 2006 to 2008 is 97% and in 2009 it remain same i.e.,

97%.

Percent of Women Members

‘05 ‘06 ‘07 ‘08 ‘09

2,8012,569 2,482 2,460 2,508

In 2009, the number of borrowers per branch (year-end) was 2,508, a 2% increase compared to the previous year. In 2009, the number stood at 2,460, a 0.89% decrease compared to the previous year.

Number of Borrowers per Branch (year-end)

‘05 ‘06 ‘07 ‘08 ‘09

44,624

59,387

68,936

82,801

103,005

(In M

illio

n BD

T)

In 2009, the total assets of Grameen Bank stood at BDT 103 billion, a 24% increase compared to the previous year. In 2008, total assets increased 20% compared to the previous year. This upward trend in the assets of Grameen Bank is the result of healthy loan portfolio growth.

Total Assets

annual report 2009 page 39past five years of grameen bank

COMPARATIVE CONSOLIDATED STATEMENT FOR THE YEARS 2008 & 2009

(Amount in Million BDT)

Sl. Particulars 2008 2009 Increase/Decrease During 2009

1. Basic Loans : Disbursed 268,016.80 345,620.42 77,603.62 Repaid 226,892.41 294,508.46 67,616.05

2. Flexible Loans Disbursed 10,221.27 11,204.56 983.29 Repaid 8,361.69 9,464.22 1,102.53

3. HousingLoans: Disbursed 8,720.85 8,889.25 168.40 Repaid 8,495.73 8,688.45 192.72

4. Other Loans : Disbursed 131,944.15 132,597.25 653.10 Repaid 130,756.62 130,935.80 179.18

5. Outstanding : Loans 44,396.63 54,717.54 10,320.91 Interest 3,754 3,868 114 Average Outstanding per Loanee (In BDT) 7,144 8,514 1,370

6. Overdue Loans : 1,236.40 1,439.04 202.64

7. Overall Repayment percentage 98.32 96.55 -1.77

8. Deposits Balance : GB Members 34,923.62 44,823.49 9,899.87

9. Number of Members : Female 7,431,086 7,714,854 283,768 Male 239,117 255,762 16,645 Total 7,670,203 7,970,616 300,413

10. Number of Loanees : 6,214,322 6,426,415 212,093

11. Number of Centres 140,976 144,106 3,130

12. Number of Villages Covered 83,566 83,458 -108

13. Number of Branches in Operation 2,539 2,562 23

14. Number of Areas 264 268 4

15. Number of Zones 40 40 0

16. Information Management Centres 264 268 4

17. Education Loans Disbursed 997.79 1,506.65 508.95

18. Number of Education Loanees 30,948 40,804 9,856

19. Number of GB Scholarships 69,990 92,554 22,564

20. Amount of GB Scholarships 91.71 132.60 40.89


We’ll have to believe in our wish-list if we hope to make it come true. We’ll have to

create appropriate concepts, institutions, technologies, and policies to achieve our goals.

The more impossible the goals look, the more exciting the task

becomes.

- Lecture delivered at the joint-meeting of the members of Lok

Sabha and Rajya Sabha of India, in Delhi on December 9, 2009


Grameen Bank Historical Data Series : 1976-2009

Performance Indicator 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Cumulative Disbursement (All Loans) 0.008 0.08 0.35 3.06 20.17 53.7 95.61 194.95 499.31 927.76 1469.49 2279.52 3559.95 5328.23 7590.7 10230.3 15434 26056.1 39968.5 53632 65509.8 81780.4 100899.8 116597.7 130559.1 146538.2 162286.24 183575.33 209166.76 248163.17 306368.63 356798.22 418903.07 498311.47

Disbursement During the Year (All Loans) 0.008 0.073 0.268 2.71 17.11 33.53 41.91 99.34 304.36 428.45 541.73 810.03 1280.43 1768.28 2262.47 2639.6 5203.7 10622.1 13912.4 13663.5 11877.8 16270.6 19119.4 15697.9 13961.4 15979.1 15748.04 21289.09 25591.43 38996.41 49732.95 58902.10 62104.85 79408.4

Year-end Outstanding Amount 0.005 0.054 0.24 1.88 13.19 21.32 31.63 72.07 177.03 225.68 301.51 457.74 723.87 996.95 1270.82 1585.42 3168.88 6166.98 7933.38 8298.88 8639.68 10590.28 12316.68 11035.58 10435.98 11068.08 11395.12 15086.21 18874.64 27357.06 32941.31 36336.3 44396.63 54714.54

Housing Loan Disbursement During the Year − − − − − − − − 3.6 17.2 5.7 140.7 170.4 236.3 224.6 301.9 559.3 1673 1338.6 712.96 168.7 687.7 973.9 222.7 73.29 56.3 120.62 177.66 282.05 187.08 138.19 96.02 152.31 168.4

Number of Houses Built cum. − − − − − − − − 317 1581 2042 23408 44556 67841 91157 118717 157334 258194 295702 331201 329040 402747 506680 511583 533041 545121 558055 578532 607415 627058 641096 650839 655568 679577

Total Deposits (Balance) − − 0 0.22 1.48 4.23 7.37 18.51 38.33 79.82 122.67 221.88 324.46 566.65 851.43 1381.03 2176.32 3150.21 4132.56 4767.2 5211.95 5804.35 5404.45 6013.62 6611.85 7697.14 9424.15 14715.75 20717.79 31659.56 44274.47 51918.71 64177.25 82953.62

Deposits of GB Members (Balance) − − 0 0.22 1.48 4.23 7.37 18.51 38.33 71.62 112.39 217.37 285.39 415.77 543.52 951.8 1386.46 2722.01 3413.67 4047.99 3782.94 4562.86 4844.45 5523.95 5243.55 3827.6 7305.08 9972.15 13793.14 20138.37 27298.19 29533.51 34923.62 44823.49

GB Members’ Deposit as % of Total Deposit − − − 100 100 100 100 100 100 90 92 98 88 73 64 69 64 86 83 85 73 79 90 92 79 50 78 68 67 64 62 57 54 54

Number of Groups − 4 45 377 2935 4818 6243 11667 24211 34324 46869 67831 98073 132452 173907 213286 284889 372298 412145 424993 433791 465384 486870 494044 503001 504651 513141 577886 685083 877142 1086744 1168840 1210343 1253160

Number of Members 10 70 290 2200 14830 24128 30416 58320 121114 171622 234343 339156 490363 662263 869538 1066426 1424395 1814916 2013130 2065661 2059510 2272503 2368347 2357083 2378356 2378601 2483006 3123802 4059632 5579399 6908704 7411229 7670203 7970616

Percentage of Female Members 20 14 24 41 31 39 39 46 56 65 74 81 86 89 91 92 94 94 94 94 94 95 95 95 95 95 95 95 96 96 97 97 97 97

Number of Villages covered 1 2 4 17 363 433 745 1249 2268 3666 5170 7502 10552 15073 19536 25248 30619 33667 34913 35533 36420 37937 39045 39706 40225 40447 41636 43681 48472 59912 74462 80678 83566 83458

Number of Branches 1 1 1 6 24 24 54 86 152 226 295 396 501 641 781 915 1015 1040 1045 1055 1079 1105 1137 1149 1160 1173 1178 1195 1358 1735 2319 2481 2539 2562

Profit/Loss (For the Year) − − − − − − − -3.26 4.25 0.4 0.36 0.44 1.17 2.25 3.1 -8.31 -5.65 9.56 21.67 15.03 19.02 14.32 10.43 76.93 11.14 58.45 59.67 357.52 422.13 1000.44 1398.15 106.91 1305 371.57


Note : 1) 1976 figures show the loans given through Janata Bank. It does not include the loan personally given by Professor Muhammad Yunus.

2) Grameen Bank became operational as an independent bank on October 2, 1983. Housing Loan Programme started from 1984.



Cumulative Disbursement (All Loans) 0.008 0.08 0.35 3.06 20.17 53.7 95.61 194.95 499.31 927.76 1469.49 2279.52 3559.95 5328.23 7590.7 10230.3 15434 26056.1 39968.5 53632 65509.8 81780.4 100899.8 116597.7 130559.1 146538.2 162286.24 183575.33 209166.76 248163.17 306368.63 356798.22 418903.07 498311.47



Housing Loan Disbursement During the Year − − − − − − − − 3.6 17.2 5.7 140.7 170.4 236.3 224.6 301.9 559.3 1673 1338.6 712.96 168.7 687.7 973.9 222.7 73.29 56.3 120.62 177.66 282.05 187.08 138.19 96.02 152.31 168.4


Total Deposits (Balance) − − 0 0.22 1.48 4.23 7.37 18.51 38.33 79.82 122.67 221.88 324.46 566.65 851.43 1381.03 2176.32 3150.21 4132.56 4767.2 5211.95 5804.35 5404.45 6013.62 6611.85 7697.14 9424.15 14715.75 20717.79 31659.56 44274.47 51918.71 64177.25 82953.62

Deposits of GB Members (Balance) − − 0 0.22 1.48 4.23 7.37 18.51 38.33 71.62 112.39 217.37 285.39 415.77 543.52 951.8 1386.46 2722.01 3413.67 4047.99 3782.94 4562.86 4844.45 5523.95 5243.55 3827.6 7305.08 9972.15 13793.14 20138.37 27298.19 29533.51 34923.62 44823.49


Number of Groups − 4 45 377 2935 4818 6243 11667 24211 34324 46869 67831 98073 132452 173907 213286 284889 372298 412145 424993 433791 465384 486870 494044 503001 504651 513141 577886 685083 877142 1086744 1168840 1210343 1253160





Profit/Loss (For the Year) − − − − − − − -3.26 4.25 0.4 0.36 0.44 1.17 2.25 3.1 -8.31 -5.65 9.56 21.67 15.03 19.02 14.32 10.43 76.93 11.14 58.45 59.67 357.52 422.13 1000.44 1398.15 106.91 1305 371.57

annual report 2009 page 43historical data series

Grameen Bank Historical Data Series : 1976-2009


Cumulative Disbursement (All Loans) 0.001 0.006 0.026 0.21 1.31 3.37 5.46 9.63 21.83 38.33 56.51 83.04 124.16 179.35 248.08 322.43 459.37 725.39 1072.77 1405.94 1691.74 2062.96 2471.61 2792 3060.44 3347.98 3620.5 3986.46 4416.82 5025.61 5954.02 6685.51 7591.32 8741.86



Housing Loan Disbursement During the Year − − − − − − − − 0.14 0.66 0.19 4.59 5.45 7.35 6.82 8.46 14.72 41.9 33.42 17.39 4.06 15.69 20.81 4.54 1.41 1.01 2.09 3.05 4.74 2.95 2.01 1.4 2.21 2.43


Total Deposits (Balance) − − − 0.01 0.1 0.26 0.37 0.78 1.54 3.07 4.1 7.24 10.39 17.63 25.86 38.71 57.05 79.49 103.11 117.56 125.14 132.27 115.21 122.52 126.78 137.92 162.77 227.66 343.52 481.22 633.31 756.61 933.89 1200.49

Deposits of GB Members (Balance) − − − 0.01 0.1 0.26 0.37 0.78 1.54 2.76 3.76 7.1 9.14 12.94 16.51 26.68 36.34 68.69 85.17 99.83 90.83 103.98 103.27 112.54 100.54 68.58 126.17 170.61 228.7 306.1 390.48 430.39 508.2 648.68


Number of Groups − 4 45 377 2935 4818 6243 11667 24211 34324 46869 67831 98073 132452 173907 213286 284889 372298 412145 424993 433791 465384 486870 494044 503001 504651 513141 577886 685083 877142 1086744 1168840 1210343 1253160





Profit/Loss (For the Year) − − − − − − − -0.0059 0.0068 0.0008 0.0003 0.0003 0.0013 0.0022 0.0027 -0.0064 -0.15 0.24 0.54 0.37 0.46 0.33 2.15 1.57 0.21 1.05 1.03 6.15 7 15.21 20 1.56 18.99 5.38

Amount in million USD

Note : 1) 1976 figures show the loans given through Janata Bank. It does not include the loan personally given by Professor Muhammad Yunus.

2) Grameen Bank became operational as an independent bank on October 2, 1983. Housing Loan Programme started from 1984.



Cumulative Disbursement (All Loans) 0.001 0.006 0.026 0.21 1.31 3.37 5.46 9.63 21.83 38.33 56.51 83.04 124.16 179.35 248.08 322.43 459.37 725.39 1072.77 1405.94 1691.74 2062.96 2471.61 2792 3060.44 3347.98 3620.5 3986.46 4416.82 5025.61 5954.02 6685.51 7591.32 8741.86



Housing Loan Disbursement During the Year − − − − − − − − 0.14 0.66 0.19 4.59 5.45 7.35 6.82 8.46 14.72 41.9 33.42 17.39 4.06 15.69 20.81 4.54 1.41 1.01 2.09 3.05 4.74 2.95 2.01 1.4 2.21 2.43


Total Deposits (Balance) − − − 0.01 0.1 0.26 0.37 0.78 1.54 3.07 4.1 7.24 10.39 17.63 25.86 38.71 57.05 79.49 103.11 117.56 125.14 132.27 115.21 122.52 126.78 137.92 162.77 227.66 343.52 481.22 633.31 756.61 933.89 1200.49

Deposits of GB Members (Balance) − − − 0.01 0.1 0.26 0.37 0.78 1.54 2.76 3.76 7.1 9.14 12.94 16.51 26.68 36.34 68.69 85.17 99.83 90.83 103.98 103.27 112.54 100.54 68.58 126.17 170.61 228.7 306.1 390.48 430.39 508.2 648.68


Number of Groups − 4 45 377 2935 4818 6243 11667 24211 34324 46869 67831 98073 132452 173907 213286 284889 372298 412145 424993 433791 465384 486870 494044 503001 504651 513141 577886 685083 877142 1086744 1168840 1210343 1253160





Profit/Loss (For the Year) − − − − − − − -0.0059 0.0068 0.0008 0.0003 0.0003 0.0013 0.0022 0.0027 -0.0064 -0.15 0.24 0.54 0.37 0.46 0.33 2.15 1.57 0.21 1.05 1.03 6.15 7 15.21 20 1.56 18.99 5.38

annual report 2009 page 45historical data series

COMPUTERIZATION PROGRAMME

2009 Annual Reportpage 46 Grameen Bank

annual report 2009 page 47computerization programme

COMPUTERIZATION PROGRAMME

Since its modest beginning in 1993, GB computerization programme has come a long way. At the end of 2009, 2,558 (out of 2562) branches have been computerized. To increase the operational efficiency of any financial institution, it is important to minimise paper work at all levels particularly at branch level. Given the limitations of power supply, it is still not possible to derive maximum benefit from the computerization of Grameen management information system, especially in the rural areas.

During the year 2009, we set up another 4 Information Management Centres at the area level. All of our area offices had setup Information Management Centres in this year. At the Information Management Centres, three branches are served by one computer. All branches within an area receive services from the centre. Each centre provides all types of loan monitoring and accounting services on a regular basis. Therefore, it has been possible to both reduce costs and increase the efficiency of the computerization programme.

When the Information Management Centres attain their full capacity to serve 3 branches with one computer.


SL Zone # of Centres # of Computers # of Branches

1. Chittagong 8 25 73

2. Tangail 8 27 78

3. Rangpur 6 22 59

4. Manikganj 6 24 62

5. Patuakhali 9 30 87

6. Bogra 7 27 72

7. Sylhet 7 26 70

8. Rajshahi 9 31 86

9. Dinajpur 7 24 63

10. Faridpur 9 29 87

11. Comilla 8 29 76

12. Mymensingh 7 21 55

13. Munshiganj 6 24 61

14. Khulna 7 24 69

15. Noakhali 8 27 78

16. Jamalpur 6 20 56

17. Nilphamari 6 21 61

18. Hobiganj 6 19 59

19. Pabna 7 21 60

20. Barisal 8 29 80

21. Jhenaidah 7 28 74

22. Cox’s bazar 7 20 59

23. Gaibandha 6 19 55

24. Noagaon 7 28 77

25. Jessore 8 28 80

26. Chandpur 6 19 54

27. Kishoreganj 7 26 71

28. Bhola 5 19 52

29. Rangamati 6 15 44

30. Gazipur 5 18 49

31. Madaripur 7 22 68

32. Thakurgaon 7 26 72

33. Pirojpur 6 22 61

34. Sunamganj 7 20 58

35. Feni 5 17 47

36. Narsingdi 4 16 39

37. Kurigram 5 18 49

38. Netrokona 6 19 55

39. Sirajganj 5 19 46

40 Sherpur 7 22 60

Total 268 921 2562

All the zonal offices were brought under Internet

network. As a result data transfer has become both

easy and less expensive. All area offices (Information

Management Centres) will be setup Internet network

to get better services. Grameen Communications,

an independent company provides necessary technical assistance for supporting the computerization programme

of Grameen Bank.

annual report 2009 page 49computerization programme

EVENT

Delegation of Public Service Commission of Bangladesh visit Grameen Bank.

H. E. Anna Popova, Deputy Minister of Russian Ministry for Economic Development and her team meet with Prof. Muhammad Yunus.

Delegation of Grameen Credit Agricole Foundation, French, visits Grameen Bank

Dr. Leiminger, Germany and Prof. Muhammad Yunus, Grameen-BASF in Germany.

Delegation of Norway meets with Prof. Muhammad Yunus.

Minister of Japan meet with Prof. Muhammad Yunus. Pamele Gillies, Glasgow University, UK team, Grameen Caledonian Creative Lab.

Pamele Gillies, Glasgow University, UK team, Grameen Caledonian Creative Lab.

Mr. Hantz Reitz of Germany and his team meet with Prof. Muhammad Yunus.

Sardar Md. sharif, USA meet with Prof. Muhammad Yunus.


Mr. Sheel Kant Sharma of India meet with Prof. Muhammad Yunus.

Representative of Grameen Bank Kormochari Samiti with Prof. Muhammad Yunus. NNDC Nigeria team meet with Prof. Muhammad Yunus.

Mr. Robert Magdugal, Ambassador of Canada meet with Prof. Muhammad Yunus.

Delegation of MAYO Clinic of USA meet with Prof. Muhammad Yunus.

Parliament Member of Indonesia visit Grameen Bank.

Prof. Muhammad Yunus meets with Dr. A.P.J.Abul Kalam Azad, former President of India.

Signing Ceremony IDB and Grameen Bank at GBHO. Professor Yunus addressed the opening session of Global Think Tank Summit organizes by Chinese Government

Dr. Kashahara Kiyoshi, Vice Chancellor of Rikkho University of Japan meet with Prof. Muhammad Yunus.

Prof. Muhammad Yunus meet President Barak Obama and Michelle Obama at USA

Prof. Muhammad Yunus deliver speech at EUROPEAN DEV DAYS, Stockholm.

annual report 2009 page 51events

Financials

Auditors’ Report and Audited Financial Statements

OFGRAMEEN BANKFor the year ended 31st December 2009

A. Qasem & Co. ACNABINChartered Accountants Chartered Accountants


PhotographsEkramul Haque

Nurjahan ChakladerSalahuddin Azizee

A K M Shamsur Rahman

Documents

Cover : Professor Muhammad Yunus receiving the Medal of ... · Village Phone Higher Education Loans Struggling [Beggars] Members Programme ... page 4 Grameen Bank 2009 Annual Report