D:\aaa_Mark\Web\English\Native_papers\Grameen_CEA.wpd

• dissertation

A Cost-Effectiveness Analysis of the Grameen Bank of Bangladesh Mark Schreiner 2003 Center for Social Development Washington University in St. Louis Campus Box 1196, One Brookings Drive, St. Louis, MO 63130-4899, U.S.A. e-mail: Abstract Reports of the success of the Grameen Bank of Bangladesh have led to rapid growth in funding for microfinance. But has Grameen been cost-effective? This paper compares output with subsidy for Grameen in a present-value framework.

• unlike most
• cost- effectiveness analysis
• cost-effectiveness analysis
• microfinance organizations
• repayment before
• after floods
• lenders require
• enforce joint
• grameen
• loans
• members