Friday, February 25, 2005

Muhammad Yunus, Banker to the World's Poorest Citizens, Makes His Case
http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1147

"... Muhammad Yunus [is] managing director of Grameen Bank in Bangladesh and a pioneer in the practice of microcredit lending. Grameen Bank received formal recognition as a private independent bank in 1983 and, as of this month, had dispersed close to $5 billion in loans to four million borrowers. Grameen's strategy is to offer miniscule loans to very poor people, giving them the means to generate income and work their way out of poverty."

No comments: