Muhammad Yunus, founder of Grameen Bank, has explained
- Comment 4
Increasing state control over Grameen Bank will not serve Bangladesh’s best interests
- Comment 1
After nearly four years of bitter conflict, in 1995 the small Balkan country of Bosnia became the location for an experiment in the operation of a microcredit-driven post-war reconstruction and development program.
- Comment 13
The concept of microcredit — tiny microloans used to help establish or expand income-generating informal microenterprises — was for most of the last 30 years seen by the international development community to be the perfect self-help answer to poverty, unemployment and under-development.
- Comment 31
Group-based microlending is not a new concept. Jonathan Swift inspired it in Ireland in 18th century. In the then East Bengal, Nobel Laureate Rabindranath Tagore (also a landlord) and Leonard Elmhirst (an agricultural economist) set up Rural Reconstruction Institute in 1921
- Comment 12
A piglet’s journey to market in October, 2010 helped expose the other face of microfinance that promised to make poverty archaic. A bdnews24.com/Reuters news report, datelined Vladivostok, Oct. 15, said: The seven-month old piglet’s journey to holy market was to pay off a woman’s micro debt of $432 to a bank in Russia, part of… Read more »
- Comment 0