Taking The Genie Out Of The Bottle
Thirty years ago, Muhammad Yunus, a Banglaseshi economics professor, took thirty dollars out of his own pocket and loaned it to a group of women looking to start a business in a small Bangladesh village. Although critics said he would never be repaid, in fact he was repaid in full for this loan and 99% of the subsequent loans he made through Grameen Bank, an entity he created to provide capital to tens of millions of people living beneath the poverty level who wish to start small businesses. He was recently awarded the Nobel Peace Prize for his efforts, the first ever Bangladeshi to be so honored.
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