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Yunus Centre Press Release (18 September, 2018)
Tokyo: On September 13th, Grameen Nippon was launched aiming to reduce the economic gap in the society. Masahiro Kan, the founder and President of Grameen Nippon was the former Executive Director for Japan at World Bank, served as the executive director of African Development Bank and also has been working with the Ministry of Finance, Japan. He is also a Professor at Meiji Gakuin University.Grameen Nippon will address the issues of poverty and inequality in Japan following the microcredit approach pioneered by Nobel laureate Professor Muhammad Yunus in Bangladesh.
Grameen Nippon is a microfinance institution that provides loans at low-interest rates without collateral to those seeking support to manage and overcome their financial challenges. It is keen to support business development and growth as well as provide employment-seeking support. Grameen Nippon is a Japanese version of Grameen Bank. The organization aims to build a society that follows the seven principles of Social Business.
Grameen Nippon aims to create a vibrant society free of poverty by building up a social infrastructure of microfinance to enable people in financial difficulties to get out of their problems. It also promotes new small business creations to change the job-seeking attitude to job-creating attitude.
Professo Yunus in a message on the occasion has congratulated Masahiro Kan and Grameen Nippon on their new journey and hopes that they will get all the support Japanese people, corporates, Banks, Government and NPOs to help the organization in reaching their destination to create a poverty free society in Japan.
While covering the event the popular newspaper in Japan “The Mainichi” highlighted how Grameen Nippon would act as the Grameen Bank for Japan by helping to remove poverty from the country by giving microloans and improve the country’s economic condition and describes how Professor Yunus’s vision has helped Grameen Nippon set its operation guidelines.
The full story can be read here:
https://mainichi.jp/english/articles/20180914/p2a/00m/0na/007000c
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