Did Microlending Survive the Recession? Yes, Says Grameen Bank Founder
Complete Premium video at: fora.tv Nobel laureate Muhammad Yunus says the Grameen Bank in Bangladesh and its microcredit program remain robust despite the gloomy state of the global economy. Yunus credits the bank’s one-on-one relationship with the “real economy” for shielding it from the economic turbulence. “We don’t even know there’s a crisis going on,” he says. —– Microcredit pioneer and Grameen Bank founder Muhammad Yunus shows how he believes the social business model can harness the entrepreneurial spirit to address poverty, hunger and disease. Yunus shows how social business has gone from being a theory to an inspiring practice, adopted by leading corporations including BASF, Intel, Danone, Veolia and Adidas, as well as entrepreneurs and social activists worldwide. He demonstrates how social business transforms lives; offers practical guidance for those who want to create social businesses of their own; explains that public and corporate policies must adapt to make room for the social business model; and claims that social business holds the potential to redeem the failed promise of free-market enterprise. Social Entrepreneurship in America is a special series featuring leading innovators and pioneers utilizing entrepreneurial passion and rigor to solve societal problems. – Commonwealth Club of California Muhammad Yunus is founder and managing director of the Grameen Bank, established in Bangladesh in 1983. Dr. Yunus founded the bank with the objective of …
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The more simple and direct economic relations are the stronger and more enduring they will be. Human labour is at the root of economics and this has to be recognized.
Especially with obama turning the US into a 3rd-world country.
@imre1000
It’s been proven to work in 3rd-world countries to much success. There’s no reason for it not to work here.
Micro lending is a great success.
This is just wishful thinking by clueless people with Good will. Some people DID see this crisis before it happened, warned about it, they we’re ignored. These people know what the solution is, and are still being ignored.
Peter Schiff is one of them, watch this video: /watch?v=2I0QN-FYkpw
FORATV – you might want to do an interview with this guy.