Oct 15, 2021
5 min read
Why Microlending *Could* Help the World’s Poor
It didn’t win a Nobel prize for nothing, after all
In 2006, Muhammad Yunus and Grameen Bank won the Nobel Peace Prize “for their efforts to create economic and social development from below."
His work started in the 1970s when he would personally loan small amounts to basketmakers in Bangladesh in order to keep their…
