The Grameen Bank, based in Bangladesh, is the Nobel Peace Prize-winning financial institution that developed the concept of micro-loans to people who don’t have the financial resources to put good business ideas into practice.
The concept has worked well beyond anyone’s initial thoughts, I would guess.
Tom Hiatt, Class of 1970, is one of the leaders of an effort to open the third US-based branch of the bank right here in Indianapolis. As is often the case, Tom mentioned to fellow leader Brian Payne that an old friend had joined the Grameen America board as Chairman. One thing led to another…
For more information on the Grameen Bank, click here.
Tom Hiatt – another example of the Wabash mission statement in action.