Grameen Bank

The Grameen Bank ( Bengali: গ্রামীণ বাংক ) is a Nobel Peace Prize-winning microfinance organization and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit" ) to the impoverished without requiring collateral. The name Grameen is derived from the word gram which means "rural" or "village" in the Sanskrit language.