Professor Muhammad Yunus' never wanted to be a banker and he certainly never imagined winning the Nobel Peace Prize. Yet his quest to help the working poor invest in themselves led to both. Known as the father of microcredit loans in Bangladesh, Yunus spent years developing the Grameen Bank, and in 1983 it became a fully licensed bank with a twist-it was owned by its borrowers-mainly poor women. Yunus is famous for saying that in developing Grameen he deliberately did the opposite of what a conventional bank would do. Today, the success of Grameen Bank has changed the lives of 7.5 million Bangladeshi borrowers and their families (in 38 countries worldwide.- delete- it women in Bangladesh they added other countries and now there are 100million mc loans world-wide. But why stop at Bangladesh and poor nations? As the global financial industry struggles with plummeting markets and job loses, Yunus holds steady with his latest banking initiative in New York. Under intense scrutiny from ...Written by
Grameen will help building responsible American lenders
I have heard of Grameen and Muhammad Yunus in the past 3 decades, but I never really took the time to really find out how Grameen really helped women in Bangladesh. Was I in for a great surprise. I couldn't sleep last night since I was so excited about what has been happening in NY with Grameen and those ladies. This bank came to this country just at the right time! The movie really shows you how Grameen helps poor women, why it's so important for them to lend money to only women, and how American women need a lot of help now more than ever!
The panel was so fantastic. It is time for us to let go of the old American dream and welcome the new one. We all can really help rebuild America to be a strong nation by helping poor women to have a chance of having a seed money to better themselves.
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