Report on Grameen Banks' Interest Rate by MicroFinance Transparency
In December 2010, Grameen Bank invited MicroFinance Transparency to certify their prices. MFTransparency followed its detailed procedures for certifying their prices and the report has just been published on their website.
The report shows prices for Grameen Bank's four loan products. Their main loan product, the general loan, has an APR of 20.0%. The other three loan products are priced at 8% and below.
The report can be downloaded here.Â
