Grameen Fund is a not-for-profit company in Bangladesh established by Muhammad Yunus to provide risk capital to small and medium enterprises (SME) beyond the scope of Grameen Bank's objectives of providing microcredit to the very poor. Incorporated on 17 January 1994, Grameen Fund started operation in February 1994, inheriting 40 projects of Grameen bank with assets of 391 million Bangladeshi taka investmented in small industries, fisheries and agriculture. Its lending capital is provided by Grameen Bank and other institutions like . From the first Calvert Foundation investment, approximately 6,000 permanent jobs have been created or maintained in agriculture, engineering, poultry, dairy, fishery, and handicrafts sectors.