Grameen Bank Method of Action The Norwegian Nobel Committee has announced the Nobel Peace Prize for 2006, divided into two equal parts, to Dr. Muhammad Yunus & Grameen Bank.

The Grameen Bank's Method of action can be illustrated by the following principles:

1. Start with the problem rather than the solution: a credit system must be based on a survey of the social background rather than on a pre-established banking technique.

2. Adopt a progressive attitude: development is a long-term process which depends on the aspirations and committment of the economic operators.

3. Make sure that the credit system serves the poor, and not vice-versa: credit officers visit the villages, enabling them to get to know the borrowers.

4. Establish priorities for action vis-a-vis to the the target population: serve the most poverty-stricken people needing investment resources, who have no access to credit.

5. At the begining, restrict credit to income-generating production operations, freely selected by the borrower. Make it possible for the borrower to be able to repay the loan.

6. Lean on solidarity groups: small informal groups consisting of co-opted members coming from the same background and trusting each other.

7. Associate savings with credit without it being necessarily a prerequisite.

8. Combine close monitoring of borrowers with procedures which are simple and standardised as possible.

9. Do everything possible to ensure the system's financial balance.

10. Invest in human resources: training leaders will provide them with real development ethics based on rigour, creativity, understanding and respect for the rural environment.

Yunus briefs Hillary about Grameen healthcare plans An Example for MALDIVES Gov & Politicians Dr.Prof. Muhammad Yunus Model in MALDIVES.

On April 15, 2009 Secretary Clinton met with Dr. Prof. Muhammad Yunus and representatives from Grameen Healthcare and Grameen America at the State Department. They discussed his plans to transform health care in Bangladesh through the development of Health Management Centers. Secretary Clinton is a long-time advocate of microcredit and expanding the availability of health care. A Nobel Laureate, Dr. Yunus, studied Economics at Vanderbilt University in 1965 as a Fulbright scholar.

US Secretary of State Hillary Clinton receives Nobel laureate Prof Muhammad Yunus at her US State Department office in Washington DC Wednesday.

US Secretary of State Hillary Clinton yesterday received Prof Muhammad Yunus and the Grameen Healthcare delegation to the World Healthcare Congress at her office.

During a 90 minute meeting with the 14-member Grameen delegation, Prof Yunus briefed the secretary about Grameen's healthcare plans and social business initiatives.

Secretary Clinton, who visited Grameen Bank in 1995, and is a long-time proponent of microcredit for the poor, offered her support to Grameen's healthcare programme.

Prof Yunus discussed, in particular, the proposed creation of a Grameen Medical College and teaching hospital as joint venture collaboration with a leading school of medicine of a premier US university.

Prof Yunus updated the US secretary of state on the latest developments within Grameen Bank. He also emphasized the importance of a new legislation to create microfinance banks in the USA and other countries.

Hillary sought Prof Yunus's assistance in crafting a bill for that purpose. She pointed out that microfinance can play a key role during the current financial crisis by helping the unemployed generate to create self-employment.

The two leaders also discussed issues of global warming and environmental degradation and its threat to Bangladesh.

Yunus, pointing out that climate change was an issue of life and death for Bangladesh, requested Hillary Clinton's support for global action and initiatives to help Bangladesh counteract the effects of climate change.

He requested the secretary to pay special attention to the Least Developed Countries (LDCs) and help them cope with the current global financial crisis.

He also sought her help in allowing duty-free access to garment products from Bangladesh to the USA.