Upload

Loading icon Loading...

This video is unavailable.

The People Speak--Muhammad Yunus Answers more questions

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to like The People Speak's video.

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to dislike The People Speak's video.

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to add The People Speak's video to your playlist.

Uploaded on Dec 4, 2006

Professor Muhammad Yunus is the winner of the 2006 Nobel Peace Prize for his work founding the Grameen Movement, an innovative program known as microcredit that provides small loans to the poorest rural areas of Bangladesh without requiring collateral. Grameen means "village" or "rural" in the Bangla language. As of this year, the bank has 6.67 million borrowers, 97 percent of whom are woman. There are 2,247 branches of the bank, which together provide services in 72,096 villages or more than 86 percent of the total villages in Bangladesh. Microcredit recognizes that the poor have skills that are often under-utlitized and that they can be responsible for lifting themselves out of poverty.

Professor Yunus started providing microcredit in the mid 1970s. His first project provided 42 villagers with small loans. The entire cost of the loans was $27. The loans were all repaid and this started an entirely new movement that has helped millions of of individuals break out of the vicious cycle of poverty

Loading icon Loading...

Loading icon Loading...

Loading icon Loading...

The interactive transcript could not be loaded.

Loading icon Loading...

Loading icon Loading...

Ratings have been disabled for this video.
Rating is available when the video has been rented.
This feature is not available right now. Please try again later.

Loading icon Loading...

Loading...
Working...
to add this to Watch Later

Add to