Organisational Culture of the Grameen Bank Coursework

Organisational Culture of the Grameen fix - Coursework ExampleGrameen bevel is matchless of such banks which stand apart from any other banks, not just for its banking redevelopment, but also for the service it provides to the nation. Muhammad Yunus is the person who is to be quoteed for coming up with such a unique concept of Grameen Bank in Bangladesh that started in the year of 1976. He believed that credit is a human right, and everyone should be allowed to receive the readiness of loans and just for the reason, an individual is low he or she should not be deprived of getting credit facility from the banks (PBS, 2011). He prepared a methodology and institution focused on the circumstances and involve of the multitude who are very unretentive. The government of Bangladesh took an initiative of changing this project into an independent bank by means of the dish up of government legislation in the year 1983 (Grameen Bank, 2011). Mohammad Yunus was rewarded with Noble Pri ze in the year 2006 for his parkway of struggling against the poverty by enabling poor people with credit facility done the intermediate of Grameen Bank. This was a noble cause indeed, as no individual has ever thought of coming up with ideas for poor people. Grameen Bank has achieved quite a success in alleviating poverty from the country, Bangladesh, over the past decades. inappropriate others, he thought that Charity is not a right initiative towards solving poverty, so the Grameen Bank was formed. The Grameen Bank has adopted certain initiatives for encouraging the poor to use their under or unutilized skills by providing them with base collateral-free loans. The Grameen Bank has been successful in incorporating group-based lendings, obligatory savings and insurance systems, facility of repayment rescheduling in the fourth dimension of disasters, and encouraging similar other schemes that have proved to be effective in minimizing both actual and behavioral risks of lendin g (Khandker, 1996). Grameen Bank has been well-organized in terms of designing its programmes, most of which were for the betterment of the poor people and female members. One of the reasons behind its success as a rural financial intermediary is its allowance dependency. It is renowned for its reliability even outside Bangladesh and its impact on the poor and the women is incredible. Its mission stands as to help the poor families along with special attention upon female members to overcome poverty, by themselves. It is entirely targeted to the poor, mainly towards poor women, empowering poor female members has become their one of the main motives (Grameen Bank, 2011). The culture of the organization mostly emphasizes on empowering the poor women. It is believed that if the lady of the house is empowered, the house itself is empowered. They provide various supports and initiatives in encouraging the women to earn their livelihood through microfinance. This paper deals with the org anizational culture of the Grameen Bank with regards to microfinance and impact of those initiatives on the women (Strong, 2007). Organisational Culture Organisational culture is a do by of shared beliefs, values, assumptions, and customs of the members of an organization. In general terms, it can be said that it is the reflection of the working purlieu and members perceptions towards the organization.