Muhammad Yunus and the Financial Crisis

After my blog below on Muhammad Yunus and microfinancing, we met for a conversation on the financial crisis and the future of social business. The use of leverage can be used to break down trust or build up trust (in Grameen Bank, the average loan holder now has built $150 in [...]

Microfinance grows as the finance markets fall…

Microfinancing is the one finance mechanism not being impacted by the current crisis in the finance markets. According to Muhammad Yunnus (founder of Grameen Bank and winner of the Nobel Peace Prize for his pioneering work in microfinancing) it continues to grow. The difference between microfinancing and traditional financing is that it is secured on relationships [...]