Muhammad Yunus: Creating a World Without Poverty

Renowned as "banker to the poor," Muhammad Yunus was an economics professor in his native Bangladesh when he began making small personal loans to destitute basket weavers more than 30 years ago. From this humble beginning, he developed Grameen Bank into the advance guard of a world movement to eradicate poverty through microlending.
Yunus, winner of the Nobel Peace Prize in 2006 for his work to reduce poverty through microloans, presented the 2010 Goodrich C. White Lecture on March 3, 2010.

For more information, visit http://shared.web.emory.edu/emory/news/releases/2010/02/nobel-peace-prize-win...

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Education

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• emory
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• muhammad yunus
• yunus
• college
• microlending
• lecture
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• Bangladesh
• Grameen Bank
• Grameen
• poverty
• microcredit
• micro-credit
• social business

[Joanomada]

Its great when people do what they preach... Great example to ourselves, as all here.

Thank you Mohammad Yanus. for standing up

So much to do... and we are many! - lets get this starting, finaly, when everyone is considered.

Money can be honey to support everyone's life - when everyone has access to it.

Then Life (we) will finaly be lived and manifested on earth by each one of us.

- haha the museum of poverty - "how could humans do this to themselves..." until no more

[DesiRockMetal]

Amazing lecture! Very imformative and humorous at times.

[reyhighet]

thanks this video

[PatriksTube]

cool

[jgwaxma]

@zafarkhokhar471

The defense is that Grameen must charge those rates in order to sustain itself and break even. Keep in mind, while the rates may seem outlandishly high to most people, they are considered extremely low to individuals who had been paying upwards of 1000% annually. Additionally, these small loans are generally paid back much faster than in the developed world. People are in debt for less time and consequently don't have to make interest payments for as long.

[zafarkhokhar471]

I am unable to understand that how is it justifyable; 27 % mark up on small loans, How such a huge burden on poor will improve their living standard ? Please guide me.