NGOs for micro-finance cooperative

BRAC Founded 1972 Type Non-profit Location • Dhaka, Bangladesh Key people Sir Fazlé Hasan Abed, founder Revenue 30,816,176,848 Taka (2011) (US$422,139,409) [1] Employees 102,281 (2012) [2] Website http://www.brac.net Objectives BRAC has done what few others have – they have achieved success on a massive scale, bringing life-saving health programs to millions of the world's poorest people. They remind us that even the most intractable health problems are solvable, and inspire us to match their success throughout the developing world. Bill Gates, Co-chair, Bill & Melinda Gates Foundation Global Health Award, 2004 Economic development BRAC’s Economic Development programme includes microcredit. It provides collateral-free credit using a solidarity lending methodology, as well as obligatory savings schemes through its Village Organisations Grameen Bank Type Body Corporate (Bank Law)[1] Industry Financial services Founded 1983 Founder Muhammad Yunus Headquarters Dhaka, Bangladesh Number of locations 2,565 (July 2010)[2] Area served Bangladesh Key people Mohammad Shahjahan, Acting Managing Director (CEO) Products Microfinance Revenue 12,435,830,045 Taka (176.67 million USD) (2010)[3] Operating income 8,513,832,110 Taka (120.95 million USD) (2010)[3] Net income 757,241,322 Taka (10.76 million USD) (2010)[3] Total assets 125,396,957,972 Taka (2010)[4] Number of employees 22,149 (July 2011)[2] Website grameen.com The bank is founded on the belief that people have endless potential, and unleashing their creativity and initiative helps them end poverty.[18] Grameen has offered credit to classes of people formerly underserved: the poor, women, illiterate, and unemployed people. Access to credit is based on reasonable terms, such as the group lending system and weekly-installment payments, with reasonably long terms of loans, enabling the poor to build on their existing skills to earn better income in each cycle of loans.[18] Grameen's objective has been to promote financial independence among the poor. Yunus encourages all borrowers to become savers, so that their local capital can be converted into new loans to others. Since 1995, Grameen has funded 90 percent of its loans with interest income and deposits collected, aligning the interests of its new borrowers and depositor-shareholders. Grameen converts deposits made in villages into loans for the more needy in the villages (Yunus and Jolis 1998) FINCA International Type Nonprofit Organization Founded 1984 Headquarters Washington, DC, United States Key people John Hatch, founder, and Rupert Scofield, President and CEO Products Financial Services Microfinance Revenue $105,157,764 (Dec 31, 2007)[1] Total assets $367,153,860 (Dec 31, 2007)[1] Number of employees approximately 7,000 (Mar 31, 2009)[1] Website www.FINCA.org Gamelan Council – Asia-Pacific Microfinance, Public Health & Development Centre Countries where the Gamelan Council largely works shown in blue Headquarters Sydney, Australia Type Non-profit, non-governmental organization Key jurisdictions addressed 73 Leaders - Director C. Scott López-Gelormino Establishment 2005 Website http://www.gamelancouncil.org/