Economics - General

Father of Microcredit

On NPR’s Marketplace, my favorite radio program, there is an interesting interview with Muhammed Yunus.¬† Mr. Yunus is the founder and director of the Grameen Bank in Bangladesh.¬† The bank describes itself as follows:

GB [Grameen Bank] provides credit to the poorest of the poor in rural Bangladesh, without any collateral. At GB, credit is a cost effective weapon to fight poverty and it serves as a catalyst in the over all development of socio-economic conditions of the poor who have been kept outside the banking orbit on the ground that they are poor and hence not bankable.

To listen to the interview, go to marketplace.org or follow this link.