Great People
This is the first in a continuing series highlighting people who make a difference.
Muhammed Yunus started micro-loan banking with $27 out of his pocket. He convinced a bank to lend money to poor people by using his own money as a guarantee. The bank still wouldn't lend money after 100% of the loans were paid back so he started Grameen Bank in 1983. They now have over 2.4 million borrowers.
He believes we can eradicate poverty in our lifetime. And he's making it happen. One tiny loan at a time.
Muhammed Yunus started micro-loan banking with $27 out of his pocket. He convinced a bank to lend money to poor people by using his own money as a guarantee. The bank still wouldn't lend money after 100% of the loans were paid back so he started Grameen Bank in 1983. They now have over 2.4 million borrowers.
He believes we can eradicate poverty in our lifetime. And he's making it happen. One tiny loan at a time.
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