Community Action, October 23rd, 2006
Muhammad Yunus and the Grameen Bank have been awarded the Nobel Prize for peace (equal to more than CAD $1.5 million). Zunus is called the "world's banker to the poor." His Grameen banking system is estimated to have extended credit to more than seven million of the world's poor, most of them in Bangladesh, one of the poorest nations in the world. Yunus was a professor of economics at Chittagong University in 1974, when he and his students went on a field trip to a poor village. They interviewed a woman who made bamboo stools, and learned that she had to borrow the equivalent of 15p to buy r...
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