How is Grameen Foundation financed around the world and how does it work with the Grameen Bank?
I founded Grameen Foundation in 1997 with a mere US$6,000 in seed capital and a charge from 2006 Nobel Peace Laureate Dr. Muhammad Yunus, to play the role of catalyst – channeling human, financial and technological resources in the United States to support the growth of the poverty-focused microfinance movement. Grameen Foundation continues to be funded by donors and uses these funds to support MFIs throughout the world. While Grameen Foundation and Grameen Bank are independent organizations and have no financial or institutional links, we share the bank’s spirit and values. In addition, Dr. Yunus is a founding and current member of Grameen Foundation’s board of directors. What type of government entity oversees microfinance in China? The regulatory environment continues to evolve and there are different legal forms for microfinance institutions. Since late 2005, the People’s Bank of China and the Chinese Banking Regulatory Commission have done some significant reforms that will eventu
