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⏲ Duration: 7 min 85 sec
✓ Published: 01-Jul-2015
✓ Published: 01-Jul-2015
Description:
Thirty years ago, Professor Muhammad Yunus left the classroom where he had been teaching economics, and ventured out into the poor rural villages of his native Bangladesh to try to discover what prevented these hard-working people from escaping poverty. In one village, Professor Yunus found that for a total of just $27, he could make life-changing loans to 40 women. Thus was born the idea of microcredit - giving very small loans to poor people to allow them to start successful businesses.nnToday
Thirty years ago, Professor Muhammad Yunus left the classroom where he had been teaching economics, and ventured out into the poor rural villages of his native Bangladesh to try to discover what prevented these hard-working people from escaping poverty. In one village, Professor Yunus found that for a total of just $27, he could make life-changing loans to 40 women. Thus was born the idea of microcredit - giving very small loans to poor people to allow them to start successful businesses.nnToday
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