Mohammed Yunus on microcredit-1/3

Nobel Laureate and "Banker to the Poor" Muhammad Yunus on Micro-Lending, Its Critics and the Bush Administration's Negative Impact on Global Poverty
Muhammad Yunus won the 2006 Nobel Peace Prize for pioneering a microcredit program that helps hundreds of thousands of impoverished Bangladeshis—mostly women—by providing small unsecured loans, which are then repaid. He is author of the new book Creating a World Without Poverty: Social Business and the Future of Capitalism. [includes rush transcript]

Category:

News & Politics

Tags:

• micro
• credit
• india
• mohammed
• yunus
• nobel
• prize
• democracy
• now

[mannabarbhuiya1]

Shut up Mr. Hamid Mushtaq, do u know who is he? He is a Nobel Laureate. From next time think 100 times before making any such stupid idiotic comments on a personality like that. First people need to survive, then religion comes. Definitely being a muslim I can understand Interest business is 'Haraam' but letting people die for hunger is also 'haraam'.....got it silly man

[adchy7]

who are you mr. hamidmushtaq or whatever your name is... and how dare you call Prof. Yunus a fraud ? Tell me what did you do for poor people in your country...anything at all ?? Idiot, uneducated, impolite & uncivilized person like you can easily say rude words against a man of his stature. What you did for poor people ..? Why dont you create a system that's better than Yunus's model ? Oh..i know your problem.. you head is just empty ..it can only badmouth..right?

[09sadia]

shut up hamid mustaq, hunger comes fist then comes rest.good job prof.yunus

[ccgabe]

Interesting.

[leeoku]

his method follows the social market interest rate. This is to provide a fair and relatively lower interest rate for poor people. His program also develops programs to ensure people obtain loans and are spending it wisely

[hamidmushtaq]

RezaHossain, as a Muslim you should know that interest is forbidden in Islam. And its punishement is very very severe, that is eternal hellfire. Now a system, so much despised by God cannot be good, if you really believe in him!

[hamidmushtaq]

Not only has he brought capitalism to the poor, he has also so called empowered the women. And this pleases the west alot because of their screwed up feminism ideas. This man is a fraud!