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Lessons from Bangladesh: How Microfinance Can Work in America

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Published on Sep 8, 2011

Daniel Davis, former community development specialist with the St. Louis Fed, traveled to Bangladesh in the fall of 2010 to examine the impact microcredit has had on the developing nation.

While there, he had the opportunity to spend time with leaders of some of the world's most innovative microfinance institutions, including Dr. Muhammad Yunus, a Nobel Prize-winning economist from Bangladesh and founder of the nation's Grameen Bank. Davis' insights are shared here.

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