Grameen Fund

infobox company
company_name = Grameen Fund (GF)
company_
company_type = Private
foundation = 17 January 1983
location = flagicon|BAN Dhaka, Bangladesh
origins = Bangladesh
key_people = Muhammad Yunus, Chairman of the Board of Grameen Fund and Managing Director, Grameen Bank
area_served = Bangladesh
industry = Finance
products = Financial Services
Venture capital
assets = 210,067,085.00 BDT (2005) [ [http://www.grameen.com/grameen/gfund/annualreports/AuditReports/balancesheet.html Balance Sheet as at 31 December 2005] , Audit Report (2005), Grameen Fund; "Retrieved: 2007-09-10"]
revenue = profit 24,420,213.00 BDT (2005) [ [http://www.grameen.com/grameen/gfund/annualreports/AuditReports/income_&_expenditure.htm Income and Expenditure Account for the year ended 31 December 2005] , Audit Report (2005), Grameen Fund; "Retrieved: 2007-09-10"]
operating_income =
net_income =
num_employees = 25 (2005) [ [http://www.grameen.com/grameen/gfund/annualreports/index.html Operational and Financial Highlights] , Audit Report (2005), Grameen Fund; "Retrieved: 2007-09-10"]
homepage = [http://www.grameen.com/grameen/gfund/index.html Grameen Fund]

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. [http://www.grameen-info.org/grameen/gfund/index.html Grameen Fund page on Grameen official website] ] [http://www.calvertfoundation.org/resources/profiles/profile.cgi?id=103&mode=profile Grameen Fund: Profile] , Community investment Profile, Calvert Foundation; "Retrieved: 2007-09-04"] Incorporated in 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. [http://www.asianphilanthropy.org/grant/local/bangladesh/private.html Bangladesh: Private Sector Foundations] , Philanthropy and the Third Sector, Asia Pacific Philanthropy Consortium; "Retrieved: 2007-09-04"] Its lending capital is provided by Grameen Bank and other institutions like Calvert Foundation. 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. [http://www.calvertfoundation.org/resources/profiles/profile.cgi?id=103&mode=impact Grameen Fund: Impact] , Community investment Profile, Calvert Foundation; "Retrieved: 2007-09-04"]

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. [ [http://www.socialfunds.com/ci/profile.cgi?id=103&mode=summary Grameen Fund: Profile] ; Community Investment CenterSocial Funds; "Retrieved: 2007-09-04"] It has provided capital loans to other Grameen family organizations including Grameen Motsho, Grameen Krishi Foundation, Grameen Uddog, Grameen Babsha Sheba Limited, Polli Dushtha Bio Centre, Gonoshasthya Grameen Textile and Grameen Securities Management Limited. Till 30 August 2006, it disbursed taka 135.5 to 1257 projects in the Grameen Bank network. [http://www.grameen.com/grameen/gfund/statics.html Grameen Fund Statistics] , Grameen Fund website; "Retrieved: 2007-09-10"] 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. Of the micro enterprises, 21 was for minority-owned businesses, and 3 for women-owned businesses.

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.cite web |url=http://www.grameen-info.org/bank/GBGlance.htm |title=Grameen Bank at a glance |last=Yunus |first= Muhammad |authorlink= http://www.muhammadyunus.org |accessdate=2007-08-22 |date=2007-07-25 |publisher=Grameen Bank |language=English] The four programs of the Fund are - Venture/ Equity Financing Scheme, Micro Enterprise Loan Scheme, Loan Financing, and Time Deposit Loan Scheme. [http://www.socialfunds.com/ci/profile.cgi?id=103&mode=program Grameen Fund: Programs] ; Social Funds, Community Investment Center; "Retrieved: 2007-09-04"] [ [http://www.calvertfoundation.org/resources/profiles/profile.cgi?id=103&mode=program Grameen Fund: Program] , Community investment Profile, Calvert Foundation; "Retrieved: 2007-09-04"]

Equity projects

Grameen Fund runs a number of ventures as private entrepreneurships, including Grameen Capital Management Limited, Grameen CyberNet Limited (GCL), Grameen Bitek Limited, [ [http://www.grameenbitek.com/About/Background.php About Grameen Bitek] ] Grameen Solutions Limited (previously known as Grameen Software), [ [http://www.grameensolutions.com/ Grameen Solutions website] ] Grameen IT Park Limited (also known as DataEdge), [ [http://www.data-edge.com/index.htm DataEdge website] ] Grameen Star Education Limited [ [http://www.grameenstar.com/index.php Grameen Star website] ] (which started Grameen-Daffodil IT Education Limited [ [http://www.daffodil-grameen.com.bd/index.php?app=aboutdgitel Grameen-Daffodil website] ] , Grameen Knitwear Limited, GlobeKids Digital Limited, and Rafiq Autovan Manufacturing Industries Limited. [ [http://www.grameen-info.org/grameen/gfund/venture.htm Grameen Fund ventures on Grameen official website] ]

Grameen Mutual Fund One

Grameen Mutual Fund One is a team-managed all-weather closed-end balanced mutual fund enlisted at Dhaka and Chittagong Stock Exchanges. Grameen Fund is the sponsor and trustee of the fund, while Standard Chartered Bank is the custodian and Asset & Investment Management Services of Bangladesh Limited (AIMS) is the asset manager. [ [http://www.aims-bangladesh.com/aims2.php?id=fh_go AIMS website] ; "Retrieved: 2007-09-04"]

Grameen CyberNet

Grameen CyberNet Limited is an internet content, solution and service provider in Gulshan, Dhaka, Bangladesh founded in July 1996 by Dr. Muhammad Yunus and Golam Mohiuddin, an entrepreneur prooting Apple Computers in Bangladesh, as a joint venture between Grameen Fund, the venture capital arm of Grameen Bank, and CITech Limited, Mohiuddin's enterprise. As of August 2007, it provides a full suite of cost-effective business class network services, designed to meet the high communication service standards and evolving needs of large business to over-30,000 clients in various sectors. [ [http://www.citechco.net/profile.php Grameen CyberNet company profile] ]

Grameen Knitwear

Grameen Knitwear Limited was established as an export-oriented composite knitwear factory, in the Export Processing Zone in Savar, Dhaka. It has knitting, dyeing, finishing and garments production facilities.cite web |url=http://www.grameen-info.org/gfamily.html |title=Grameen Family of Enterprises |accessdate=2007-08-22 |date=2002-08-19 |publisher=Grameen Commiunications |language=English] [ [http://www.grameen-info.org/grameen/gknit/index.html Grameen Knitwear page on Grameen official website] ]

ee also

* Grameen family of organizations

References

External links

* [http://www.grameen.com/grameen/gfund/annualreports/equity_projects.html Grameen Fund equity projects]
* [http://www.grameen.com/grameen/gfund/annualreports/organization_profile.html Grameen Fund company profile]
* [http://www.calvertfoundation.org/downloads/prospectus/Prospectus.pdf Calvert Social Investment Foundation]