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The Grameen Bank project started in 1976 as an action research pilot project in “Jobra” village in Chattogram district of Bangladesh. In 1983, the pilot project was transformed into a bank with the aim of alleviating poverty and empowering the marginalized poor in Bangladesh through micro-credit. He was born on June 28,1940 in the village of Bathua in Hathazari, Chittagong, the business center of what was then Eastern Bengal. He was the third of the14 children of his parents, five of whom died in infancy.
