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.
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.
Despite the hoopla over microfinance, it doesn't cure poverty. But stable jobs do. If societies are serious about helping the poorest of the poor, they should stop investing in microfinance and start supporting large, labor-intensive industries.
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Despite the hoopla over microfinance, it doesn't cure poverty. But stable jobs do. If societies are serious about helping the poorest of the poor, they should stop investing in microfinance and start supporting large, labor-intensive industries.
