Getting a Nobel Peace Prize was easy, Muhammad Yunus said Saturday to a sold-out crowd at Concordia College.
Microfinance â€“ making loans of just $100 to people earning a dollar a day â€“ was pioneered by Bangladeshi Professor Muhammad Yunus (pictured) with his Grameen Bank. So far, banks have lent to microfinance institutions, leaving them to advance money to the poor.
MOORHEAD - Nobel Laureate Muhammad Yunus received three standing ovations this morning from a sold-out crowd at Concordia College.
FT.Com (Financial Times) UK
Microfinance institutions urgently need to improve management and corporate governance to cope with growing competition and a flood of capital that threatens to erode lending standards, a think-tank warns in a report published today.
In a Jackson Heights shop for colorful saris and glittering bracelets, several women have gathered to meet with their banker.