DHAKA, Oct 13, 2006 (AFP) – Nearly three decades after Nobel prize winner Muhammad Yunus launched the pioneering Grameen Bank, giving small loans to the poor, microcredit is hailed for helping more than five million Bangladeshis. Grameen began life in 1976 as a pilot project run by Yunus, a professor of rural economics at Chittagong University in southeastern Bangladesh.
The project set out to prove that lending to the poor was not an “impossible proposition”.
Bangladeshi banker to poor and Nobel peace prize winner
DHAKA, Oct 13, 2006 (AFP) – Mohammad Yunus, the Bangladeshi "banker to