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Muhammad Yunus on Poverty
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Thirty years ago, in a remote village of Bangladesh, a modest economics professor took thirty dollars out of his own wallet and loaned it to a group of women looking to start a small business. Told by nay-sayers that he'd never get the money back, the amount was repaid in full.
Muhammad Yunus went on to found Grameen Bank in 1976, out of a conviction that it is small acts like this one can move people out of poverty. Today he is a Nobel Peace Prize winner who, starting with one simple loan, has influenced millions.
Be The Change
1
Read article, watch videos, and learn more about this Nobel laureate from Bangladesh.
2
Try microfinance for yourself by loaning small amounts of money--less than twenty dollars--to people in developing countries through Kiva.org.
3
Experiment with microfinance in your own community by gifting small amounts of money to local youth and challenging them to use it toward positive social change. Find ideas here.
Reflections (3)
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Iti's desinged so that almost everyone (99%) can pay back the loan and not be alone in the bondage of a lifelong lonely lone.