| dc.description.abstract | This thesis discusses about the success of Grameen Bank in alleviating
poverty in Bangladesh based on Millennium Development Goals perspective. In
analyzing, author uses Nurkse’s concept of Vicious Circle Poverty to investigate
poverty phenomenon. In order to decreasing poverty, Nurkse offers a solution to cut
the vicious circle poverty at the lowest productivity point by opening up capital
access for the poorest people, because such an access would enable them to increase
their productivity. Once their productivity increased, it would make their incomes
also raised. Muhammad Yunus adopted Nurkse’s concept by creating Grameen Bank.
The bank evidently has strategic role in releasing half of 7 millions of its member
from poverty. The success is supported by a number of factors: First, Grameen Bank
is truly understand the needs of the poor about financial service, particulary for the
poorest. That is why it also prioritized the poorest to get the capital access. Second, it
also performed counseling and controlling its debitors. Third, to support the
empowerment of the poorest, the bank also able to drive business world to cooperate
and participate in the project to be successful. Having such efforts the Grameen Bank
could have been helping Bangladesh government to achieve the main purpose of
Millennium Development Goals (MDGs), namely fighting against poverty and hunger
to create a better and fairer world for all parties in 21st century. | en_US |
