Economic Development Social innovations that improve the living standards of the poor

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Dr Muhammad Yunus - Reaching the Full Potential of Microfinance

Microfinance, the extension of small loans to entrepreneurs too poor to qualify for traditional bank loans, has proved to be an effective strategy for raising millions of families from poverty worldwide. Nobel Laureate Muhammad Yunus, who pioneered the microloan revolution in Bangladesh, explains in this audio lecture how he saw rural poor and women struggle against deeply institutionalized economic systems, and realized the massive change that small loans could provide.

Podcast

Dr. Muhammad Yunus - Banker to the Poor

Muhammad Yunus started a movement that has lifted millions out of poverty. When he formed the Grameen Bank in 1983 and started giving out microloans, Yunus bridged the divide between business and social needs. In this audio lecture, he describes how he created microcredit, collateral-free lending, and began offering other business services to the poor. Yunus lays out the path to his extraordinary vision and success, which is driving global social change.

Podcast

Fazle H. Abed - Innovator for the Poor

The beginnings of the Bangladesh Rural Advancement Committee (BRAC) were fraught with uncertainty. Initially surviving entirely on donations, it has since earned back two pennies for every one it has spent on welfare activities, and is today the largest, self-reliant international NGO, employing more than 97,000 people. In this audio lecture, Fazle Hasan Abed reminisces about the organization's humble beginnings and shares the organization's achievements.

Podcast

Muhammad Yunus - Creating a Poverty-Free World

Professor Muhammad Yunus, 2006 Nobel Peace Prize winner and founder of Grameen Bank, changes traditional principles of banking by putting poor people's needs first. Today, Grameen Bank is a powerful organization that supports poor people by providing microloans, credits, and banking services. In this audio lecture, Yunus describes the reasons behind his philosophies and how they have led to the launch of new enterprises in various industries in Bangladesh.