Microfinance: It’s Globalization Story
This chapter sheds light on the globalization story of microfinance. Focusing on the historical aspect of microfinance as a global development model, this chapter highlights the evolution of microfinance in Bangladesh. The chapter focuses on the history and growth of Grameen Bank model that refers to collateral free small loans that would be assigned to small businesses run by women, so that these women could use these loans to alleviate poverty. Then the chapter also illustrates the global perspective of microfinance which emerged as a constant global effort to address poverty and gender discrimination throughout the world especially in third world countries.
KeywordsGlobal development model Poverty Grameen Bank model Globalization
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