Freeing Up Capital

Muhammad Yunus, Grameen Bank

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Muhammad Yunus, founder of the Grameen Bank, never aspired to work as a banker.  While he was teaching economics in Bangladesh, his country was in the middle of a famine.  After speaking to many small business owners, Yunus realized that these small businesses could not get access to fair loans to start their own enterprises.  His idea was to start a microlending program to free the poor entrepreneurs from usury and give them access to the capital they needed to get started.

Feb 5, 2008

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