very nice overview! ayse: Founded in 1983 by Muhammad Yunus, the Grameen Bank (Grameen is Bangledeshi for “village”) provides small loans to rural borrowers in Bangladesh. In the years since, the Bank has become so succesful (Yunus won the Nobel Peace Prize in 2006) that a whole community of Grameen enterprises—known as the Grameen Bank Family of Companies—have sprung up around it. Some bring phone service to poor Bangledeshis, while others invest in technology startups. The whole range of companies is like a massive, multinational corporation, except this company’s goal is social change. (via Transparency: Grameen Bank | GOOD) I had the pleasure of hearing Muhammad Yunus speak a couple of months ago. Lending to the poorest people in the world has proven to be good business. Unlike ours, his banks are still solvent. Microlending works!

very nice overview!

ayse:

Founded in 1983 by Muhammad Yunus, the Grameen Bank (Grameen is Bangledeshi for “village”) provides small loans to rural borrowers in Bangladesh. In the years since, the Bank has become so succesful (Yunus won the Nobel Peace Prize in 2006) that a whole community of Grameen enterprises—known as the Grameen Bank Family of Companies—have sprung up around it. Some bring phone service to poor Bangledeshis, while others invest in technology startups. The whole range of companies is like a massive, multinational corporation, except this company’s goal is social change. (via Transparency: Grameen Bank | GOOD)

I had the pleasure of hearing Muhammad Yunus speak a couple of months ago. Lending to the poorest people in the world has proven to be good business. Unlike ours, his banks are still solvent. Microlending works!

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