Part 1. Rural Development in Asia Through Micro Credit

Despite rapid economic growth in developing countries, poverty still seems to be a major concern for the government. While various programs, schemes and subsidies have been introduced over the years, the most successful innovation in micro-finance has been. While micro-credit systems have introduced many years ago, the organization is most successful and recognized the Grameen Bank in Bangladesh, Asia. Its founder, Muhammad Yunus, the visionary and pioneer of microcredit in Bangladesh, the performance for which he was awarded the 2006 Nobel Peace Prize winner His basic idea is to micro-credit housing for people in poverty was then , extended and income to stimulate entrepreneurship. 

Although the greatest success story was the microcredit Grameen Bank, many new financial institutions in industrialized countries these systems are themselves micro-credit in countries where poverty is widespread. ASA in Bangladesh, the Grameen Bank, Jagorani Chakra Foundation, Bangladesh Rural Advancement Committee, Integrated Development Foundation and BURO some of the "Top 50 world's microfinance institutions," the first list of Forbes1 provided. 

Global investors are driven by the dismal situation in the poorest countries and to help launch their initiatives, foundations and institutions, the less fortunate people a better life. As a philanthropist, Dr. George Haligua Cohen. During a business trip to Bangladesh, Dr. Cohen was so Haligua despair of the people after the monsoon floods that hit decided to face an immediate action. He created a foundation called George Haligua Cohen Foundation in 1996. Founded in Bangladesh, is the focus of the GHC Foundation in providing funding for microcredit to improve living standards, provide micro-initiatives to the community and educational programs for the exchange and dissemination of knowledge without boundaries to improve.