Returning to Bangladesh at the end of the Liberation War in 1971, Muhammad Yunus began providing loans to poor village artisans – stool-makers and basket-weavers – women who were trapped in a cycle of borrowing tiny sums of money for their raw materials in return for interest rates as high as 10% per week and agreement to sell their products back to the moneylenders at rock-bottom prices.
Today, his Grameen (‘village’ in Bengali) Bank serves 8 million borrowers in 80,000 villages. It lends $100 million per month with an average loan size of $200 and a repayment rate of 98%. Its market is the poorest of the poor.
"Let us create the world of our choice"
Lionel Messi holds up ‘Un Mundo de Tres Ceros’ the Spanish version of “A World of Three Zeroes” by Professor Muhamm… https://t.co/oI7HZPdKk7— Muhammad Yunus (@Yunus_Centre) November 14, 2018
Prof. Yunus met players including Lionel Messi, Gerard Pique, Eric Abidal, Samuel Umtiti in an exclusive visit. Lio… https://t.co/PXAw7zxIjX— Muhammad Yunus (@Yunus_Centre) November 14, 2018
Professor Muhammad Yunus in the meeting with the Minister of Labour, Social Affairs and Family of Catalonia,Chakir… https://t.co/3mbBp7BUp9— Muhammad Yunus (@Yunus_Centre) November 14, 2018