Nobel Peace Prize winner Muhammad Yunus on micro credit’s long shadow
Muhammad Yunus had the vision 32 years ago to create a social business. A Bangladesh professor, he was appalled by the country’s poverty. He made a loan to a group of poor villagers. They used the money to start businesses and paid him back. So began “micro credit.” He turned the idea into Grameen Bank, which has made small loans to more than 7.5 million people now.
Yunas received the Nobel Peace Prize in 2006 for… Continue Reading