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Tags: micro loans

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  Banker to the Poor: Micro-Lending and the Battle Against World Poverty

  by Muhammad Yunus

  In 1983, Muhammad Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with miniscule loans. Based on the belief that credit is a basic human right, not the privilege of a few, Grameen Bank now provides over 2.5 billion dollars of micro-loans to more than two million families in rural Bangladesh. Ninety-four percent of Yunus's clients are women, and repayment rates are nearly 100... (more)