k (Robot: Cosmetic changes)
The system is the basis for the microcredit and the [[Self Help Group]] system now at work in over 43 countries. Each group of five individuals are loaned money, but the whole group is denied further [[credit (finance)|credit]] if one person [[Default (finance)|defaults]]. This creates economic [[incentives]] for the group to act responsibly, increasing Grameen's economic viability.
In a country in which few women may take out loans from large commercial banks, the fact that most (96%) loan recipients are women is an amazing accomplishment. In other areas, Grameen's track record has been equally astonishing, with very high payback