17 January 1983; 41 years ago (1983-01-17) in Bangladesh
Headquarters
Dhaka, Bangladesh
Area served
Bangladesh
Key people
Muhammad Yunus, chairman of the board of Grameen Fund and managing director, Grameen Bank
Products
Financial services
Mobile Telephony
Digital Service Venture capital
Revenue
24,420,213.00 BDT (2005)[1]
Total assets
210,067,085.00 BDT (2005)[2]
Number of employees
25 (2005)[3]
Website
grameen.com/grameen/gfund/index.html
Grameen Fund is a not-for-profit company in Bangladesh established by Muhammad Yunus to provide risk capital to small and medium enterprises (SME) beyond the scope of Grameen Bank's objectives of providing microcredit to the very poor.[4][5] Incorporated on 17 January 1994, Grameen Fund started operation in February 1994, inheriting 40 projects of Grameen bank with assets of 391 million Bangladeshi taka investmented in small industries, fisheries and agriculture.[6] Its lending capital is provided by Grameen Bank and other institutions like Calvert Foundation.[7] From the first Calvert Foundation investment, approximately 6,000 permanent jobs have been created or maintained in agriculture, engineering, poultry, dairy, fishery, and handicrafts sectors.[8]
As of 2007, it invested equity worth $1.0 million in 13 joint ventures and financed 1763 small and micro enterprises in Bangladesh, especially in technology-oriented industries, by providing collateral-free fixed and working capital loans.[5][9] It has provided capital loans to other Grameen family organisations including Grameen Motsho, Grameen Krishi Foundation, Grameen Uddog, Grameen Babsha Sheba Limited, Polli Dushtha Bio Centre, Gonoshasthya Grameen Textile and Grameen Securities Management Limited.[6] Till 30 August 2006, it disbursed taka 135.5 to 1257 projects in the Grameen Bank network.[10] During the fiscal year 2006, 219 loans were made for a total of US$362,174, including 216 microenterprise loans and 3 small business loans.[8] Of the micro enterprises, 21 was for minority-owned businesses, and 3 for women-owned businesses.[8]
Its stated objective is to create a mechanism to support untested business that shows promises of good return or employment generation by filling in the venture capital gap.[4][11] The four programs of the Fund are – Venture/ Equity Financing Scheme, Micro Enterprise Loan Scheme, Loan Financing, and Time Deposit Loan Scheme.[7][12]
^Income and Expenditure Account for the year ended 31 December 2005[permanent dead link], Audit Report (2005), Grameen Fund; Retrieved: 10 September 2007
^Balance Sheet as at 31 December 2005 Archived 23 February 2008 at archive.today, Audit Report (2005), Grameen Fund; Retrieved: 10 September 2007
^Operational and Financial Highlights[permanent dead link], Audit Report (2005), Grameen Fund; Retrieved: 10 September 2007
^ abGrameen Fund page on Grameen official website
^ abGrameen Fund: Profile Archived 27 September 2007 at the Wayback Machine, Community investment Profile, Calvert Foundation; Retrieved: 4 September 2007
^ abBangladesh: Private Sector Foundations Archived 31 August 2007 at the Wayback Machine, Philanthropy and the Third Sector, Asia Pacific Philanthropy Consortium; Retrieved: 4 September 2007
^ abGrameen Fund: Programs; Social Funds, Community Investment Center; Retrieved: 4 September 2007
^ abcGrameen Fund: Impact Archived 27 September 2007 at the Wayback Machine, Community investment Profile, Calvert Foundation; Retrieved: 4 September 2007
^Grameen Fund: Profile Archived 28 September 2007 at the Wayback Machine; Community Investment CenterSocial Funds; Retrieved: 4 September 2007
^Grameen Fund Statistics Archived 1 December 2010 at the Wayback Machine, Grameen Fund website; Retrieved: 10 September 2007
^Yunus, Muhammad (25 July 2007). "Grameen Bank at a glance". Grameen Bank. Archived from the original on 6 July 2007. Retrieved 22 August 2007.
^Grameen Fund: Program Archived 27 September 2007 at the Wayback Machine, Community investment Profile, Calvert Foundation; Retrieved: 4 September 2007
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Global Information
24,420,213.00 BDT (2005)[1]