Nobel Peace Prize winner Muhammad Yunus, who founded the practice of microcredit as a means to combat global poverty, visited Quinnipiac on March 6 to deliver a free community lecture, "Microcredit and Social Business for Poverty Reduction." Yunus also participated in two panel discussions on campus the same day.
The event was sponsored by Quinnipiac's School of Business and Albert Schweitzer Institute.
Yunus, a Bangladeshi economist driven by his belief that credit is a fundamental human right, established the Grameen Bank in Bangladesh in 1983. He hoped to help impoverished people escape poverty by providing loans and teaching them sound financial principles.
From Yunus' personal loan of small amounts of money to destitute basket weavers in Bangladesh in the mid-70s, the Grameen Bank has advanced to the forefront of a burgeoning world movement toward eradicating poverty through microlending. Replicas of the Grameen Bank model operate in more than 100 countries worldwide.