Kazakhstan to set up Grameen Kazakhstan

Staff Correspondent | Published: 20:41, May 24,2019 | Updated: 01:55, May 25,2019


Nobel laureate Muhammad Yunus poses with Bakhytzhan Sagintayev, minister of presidential affairs and former Prime Minister of Kazakhstan, at his office recently.— Yunus Centre photo

Kazakhstan was ready to set up ‘Grameen Kazakhstan’ following the model of ‘Grameen America’ as a joint venture with Yunus Centre, minister of presidential affairs of Kazakhstan and former Kazakh prime minister Bakhytzhan Sagintayev told Nobel laureate Muhammad Yunus during a meeting recently.
‘Grameen Kazakhstan’ will be a microfinance bank with banking license to provide financial services, particularly to women and youth for supporting entrepreneurship, said a Yunus Centre release.
Yunus was invited by the prime minister of Kazakhstan to attend Astana Economic Forum, a premier conference that attracts government and business leaders from around the world.
During his visit Yunus had a session with the prime minister who wanted to know Yunus’s view on poverty alleviation strategy for Kazakhstan.
Yunus also had a detailed discussion with Bakhytzhan Sagintayev, at his office on issues raised by him in his book ‘A World of Three Zeroes’.
Sagintayev was holding a copy of the Russian edition of the book which he read and also noted down a set of issues regarding the implementation of suggestions made by Yunus in the book.
He told Yunus he would send a delegation to Social Business Day which is going to be held in Bangkok on June 28-29, and to Dhaka, to work out the details of setting up of Grameen Kazakhstan.
He also told Yunus that he would encourage leading universities in Kazakhstan to set up Yunus Social Business Centres to introduce academic courses on theory and practice of social business. During the conference a separate session was held for Kazakhstan university students for Professor Yunus to address them. He talked to a packed hall full of young people.

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